Tunisia’s GDP recorded an annual growth, adjusted for seasonal variations, of 1.6% in the fourth quarter of 2022, compared with the last quarter of 2021, the results of the compilation of the quarterly national accounts published by the NSI showed. Real GDP grew by 0.5%, compared with the third quarter of the same year.
In this development, economic activity benefited from the consolidation of the growth rate of value added in manufacturing (at 6.6% per year), combined with a more moderate increase in services (2.6% per year). Meanwhile, the growth rate in construction remains in negative territory.
Overall, and as a first estimate for 2022 as a whole, the economy would have grown by 2.4%, down from 4.3% in 2021.
Moreover, the results show that the fall in GDP in 2020 has only been partially absorbed, as the level of real GDP in the fourth quarter of 2022 is still two percentage points below its pre-crisis level (last quarter of 2019).