Tunisia: Selected Issues
February 11, 2016
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This paper discusses recent trends, constraints, and opportunities for the future of Tunisia's economy. Tunisia enjoyed solid GDP growth rates in the run-up to the revolution of 2011, driven by the manufacturing and service sectors. A stable macroeconomic environment and a gradual liberalization of trade and investment facilitated growth. Labor has been gradually overshadowed by capital accumulation as the main growth driver, while productivity has been lagging. The existing gap in factors of production can be filled by appropriate financial and banking policies to increase access to finance and boost physical capital accumulation, a sound business environment to attract investors and boost long-term productivity, and a reduction in macroeconomic risks.
Subject: Expenditure, Exports, International trade, Labor, National accounts, Private investment, Production, Productivity, Public investment and public-private partnerships (PPP)
Keywords: binding constraint, CR, Exports, Global, growth driver, investment, ISCR, labor productivity growth, market distortion, physical capital, Private investment, Productivity, productivity gap, productivity in Tunisia, Public investment and public-private partnerships (PPP), resource allocation, trade openness, Tunisia, Tunisia's geography, Tunisia's real
Pages:
18
Volume:
2016
DOI:
Issue:
047
Series:
Country Report No. 2016/047
Stock No:
1TUNEA2016001
ISBN:
9781498319119
ISSN:
1934-7685
