Tunisia; Recent Economic Developments

This paper reviews economic developments in Tunisia during 1990–95. Despite adverse exogenous developments, including the Middle East crisis, weak economic growth in key European export markets and a severe drought, Tunisia achieved a strong economic performance during 1991–95. Real GDP growth rose to an annual average of 4.2 percent, resulting in an increase in per capita income of some 2 percent per year. Inflation fell from an average of 7 percent during the preceding five years to 5.8 percent during 1991–95.