From stalling funding negotiations to free fall

D4

HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in May 2023.

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GDP USD46.8bn (World ranking 88, World Bank 2021)
Population 11.94mn (World ranking 78, World Bank 2021)
Form of state Republic
Head of government President Kais Saied
Next elections 2024,  presidential
  • Diversified economy with educated workforce and known capabilities in manufacturing, plastics, petrochemicals, transportation, agriculture and tourism
  • Easy access to the European market and strategic position in the Mediterranean Sea
  • Prospects for additional production of phosphates and fossil fuels
  • Massive youth unemployment (~40%), coast-inland inequality, talent flight and fragile social stability
  • Persistent institutional weakness following the 2011 Arab Spring, with the tourism sector permanently harmed by successive shocks
  • Poor liquidity with mounting reputational issues from possible donors, including increasingly contentious interactions with the EU to contain illegal migration flows

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
France 24.1%
1
13.5% Italy
Italy 18.4%
2
11.4% France
Germany 12.8%
3
10.4% China
Spain 4.1%
4
6.5% Germany
Libya 3.9%
5
5.4% Türkiye

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 22.1%
1
11.6% Electrical machinery, apparatus and appliances, n.e.s.
Articles of apparel & clothing accessories 13.6%
2
9.9% Petroleum, petroleum products and related materials
Petroleum, petroleum products and related materials 6.4%
3
7.5% Textile yarn and related products
Fixed vegetable oils and fats, crude, refined or fractionated 4.0%
4
6.0% Road vehicles
Professional and scientific instruments, n.e.s. 3.8%
5
5.6% Cereals and cereal preparations
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East

Popular Risk Reports: Africa