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Tunisia: trade balance deficit narrows (BCT)

The Executive Board of the Central Bank of Tunisia (BCT) noted at its meeting Monday, December 28, 2015 that the trade balance deficit has narrowed 10.6% or 1,336 MTD in the first eleven months of 2015 to 11.2 billion dinars, following the noticeable improvement of the food balance.

 The decline in the energy deficit was limited to 4.8% to 3.2 billion dinars, despite dropping international hydrocarbon prices.

 However, tourism revenues fell 33.8% in the same period, compared with their levels in 2014, to 2,249 MTD.

 Labour income decreased 5.3% compared to their level in the first eleven months in 2014 to 3,451 MTD.

 Following these developments, the current deficit stood at 6,854 MTD or 7.9% of GDP in the first eleven months of the year against 6,668 MTD and 8.1% in the same period last year.


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