Sliding deep into the dark
D4
HIGH RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in April 2022.
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GDP | USD39.2bn (World ranking 92, World Bank 2020) |
Population | 11.81mn (World ranking 78, World Bank 2020) |
Form of state | Republic |
Head of government | President Kais Saied |
Next elections | 2022, parliamentary |

- Political transition has been relatively peaceful compared with Egypt, Libya, Syria and Yemen.
- In recent years, foreign companies have taken a leading role in privatization in a number of sectors such as transport and infrastructure.
- Government is committed to further open up the country to foreign direct investment.
- Recent progress in greater economic diversification.
- International financial organizations and bilateral lenders are generally willing to provide financial support.

- The political system is still in process of transitioning, causing high uncertainty and political instability.
- Unemployment (especially youth) remains high. Social tensions persist as a root cause of the Arab Spring was the lack of job prospects.
- Income and regional inequalities continue to widen amid Covid-19 economic fallout.
- The overwhelming dependence on slowly growing Europe for tourism and merchandise exports limits growth prospects.
- Government debt has rapidly increased and is highly exposed to exchange rate risk.
Trade structure by destination/origin
(% of total, 2020)
Exports | Rank | Imports |
---|---|---|
France
29.0%
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1 |
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Italy
15.2%
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2 |
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Germany
12.2%
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3 |
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Spain
4.8%
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4 |
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Netherlands
4.0%
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5 |
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Trade structure by product
(% of total, 2020)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
21.0%
|
1 |
11.9%
Electrical machinery, apparatus and appliances, n.e.s.
|
Articles of apparel & clothing accessories
15.7%
|
2 |
8.6%
Petroleum, petroleum products and related materials
|
Fixed vegetable oils and fats, crude, refined or fractionated
5.0%
|
3 |
7.7%
Textile yarn and related products
|
Petroleum, petroleum products and related materials
3.9%
|
4 |
6.8%
Gas, natural and manufactured
|
Textile yarn and related products
3.9%
|
5 |
6.6%
Road vehicles
|
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