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Tunisia: Growth at 3.3% in first half of 2012 (INS)

The Gross Domestic Product (GDP) went up by 2.1% at constant prices during the second quarter of 2012, on a year-on-year basis, according to figures from the National Institute of Statistics (INS).

In doing so, the Tunisian economy posts a growth rate of 3.3% for the first half of 2012.

This rise is due to the increase in production and value added of the agricultural sector to the tune of 3.9% of the market services sector (5%) due to the growth recorded in the sectors of hotels and cafes (13.4%), transport sector (9.5%), while the services sector kept its growth for the first time with an increase of approximately 6.4%.

At the same time, the manufacturing sector declined by 5.2% due to the fall of production in the textile and mechanical and electrical industries by 8.6% and 8.2%, respectively, compared with the second quarter of 2011, and the non-manufacturing sector whose production decreased by 2.9% during the second quarter of 2012.

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