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Growth rate reached 1.1% in the first half of 2019 in Tunisia

Growth rate reached 1.1% in the first half of 2019 in Tunisia

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Tunisia's GDP increased by 1.1% in the first half of 2019. In the second quarter, GDP increased by 1.2% compared with the second quarter of 2018, and increased by 0.5% compared with the first quarter of 2019.

The value added of manufacturing industries fell 0.8% and 0.2% in Q2 of 2019 compared with the same period in 2018 and Q1 of 2019, respectively.

This is the result of the production of chemical industries plunging 8.2% and that of the textile-clothing and footwear sector following suit (-1.6%).

Meanwhile, the value added of the construction materials and ceramics industry edged up 2.2% and that of agro-food industries posted a 1.8% rise. Mechanical and electrical engineering industries demonstrated a relative stability (0.1%).

The value added of non-manufacturing industries dropped 2.6% in Q2 of 2019 compared with the same period in 2018 and 0.8% in comparison with Q1 of 2019.

This is due to the downward trend in the production of the petroleum and natural gas extraction sector (- 6.5%).  Daily crude oil production dropped to 36,1 thousand barrels in Q2 of 2019 against 38,7 thousand barrels during the same period in 2018 (over 70,00 barrels/day in 2010).

The mining sector saw its production edge up 1.1%,  driven by a 8.8% rise in phosphates production and despite a drop in the output of other extractive industries, such as salt (-25% compared to Q2 of 2018).

An upward trend is still observed in the sector of market-related services. Its value added rose 2.1% in Q2 of 2019 compared with the same period in 2018.

This comes as the consequence of a rise in the value added of most of its segments, such as hotel services, restaurants and coffee shops  (+7.1%).  Similarly, communication services and financial services posted a rise of 5.9% and 2.4%, respectively.

However, the value added of  transport services edged down 2.7% due to the drop in the value added of air transport services (number of passengers of the national carrier fell 6.7%), in addition to lower figures of the shipping industry as a result of a  decline in foreign trade. Non-market services posted a 0.9% rise. 

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