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FINANCIAL NEWS
Tunisia’s account balance expands to 1.9 percent
29 Jun 2016
(MENAFN) The deficit of the recent account balance widened in Q1 this year to USD 0.79bn or 1.9 percent of GDP against USD 0.62bn or 1.6 percent of GDP in 2015.
Moreover, this reflects the sharp drop in tourism revenues to USD 128.26mn against USD 265.16mn in Q1 of 2015, a drop of 51.7 percent.
However, the fall of the recent account deficit coupled with the weakening of the FDI and the sharp drop of the general balance of loans.
Accordingly, the continuation of the current deficit at high levels since 2012 over 8 percent of GDP can fuel the pressures on the exchange rate of the dinar.
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