Sliding deep into the dark

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 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%
1
15.7% France
Italy 15.2%
2
14.1% Italy
Germany 12.2%
3
9.0% China
Spain 4.8%
4
6.5% Germany
Netherlands 4.0%
5
6.2% Algeria

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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