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Thursday 29 September 2022
HomeNewsTunisia’s economy grows 2.8% in Q2 2022

Tunisia’s economy grows 2.8% in Q2 2022

The results of quarterly national accounts for Q2 showed the annual economic growth stood at 2.8% after an annual 2.4% rise in Q1 of 2022, the National Institute of Statistics (INS) announced Monday.

The volume of the GDP in terms of quarterly variations shrank 1% compared to the previous quarter.

This increase is driven by the dynamics of the services sector (+5.2% year-on-year), particularly in relation to accommodation and catering (+42.5%) and transport (+19%).

In manufacturing industries, textile as well mechanical and electrical engineering industries reported an acceleration in the pace of growth with the respective rates of +16.4% and +6.3%.

Growth dropped in petroleum and natural gas extraction (-15.7%), construction (-11.6%), building materials industries (- 6.9%) and chemical industries (-2%).

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