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Monday 21 June 2021
HomeNewsTunisia's gross external debt exceeds 100% of GDP

Tunisia’s gross external debt exceeds 100% of GDP

Tunisia’s gross external debt (public and private) reached 108.7 billion dinars at the end of September 2020, representing 102% of GDP.

It is expected to be less than 106 billion dinars over the whole year 2020, considering that GDP will contract by 7.2% in 2020, according to data from the Central Bank of Tunisia (BCT).

Tunisia’s gross external debt is composed of the debt of the Administration (53.9 billion dinars), the financial sector (15.8 billion), the monetary authorities (10.5 billion) and other sectors (28.4 billion).

It therefore emerges that nearly 75% of this debt is long-term.

This means that Tunisia’s gross external debt stock has more than doubled in 10 years and represented 49% of GDP in 2010.

As a result, each Tunisian now carries a foreign debt higher than his or her average annual income, i.e., nearly 9,200 dinars.

The service of this debt stood at more than 6.3 billion dinars at the end of September 2020, compared to 7.3 billion on the same date a year earlier.

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