The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This 1999 Article IV Consultation highlights that despite a contraction of agricultural production, Tunisia's GDP grew by 5 percent in 1998. Gross fixed capital formation (27.5 percent of GDP), notably in Tunisia's traditional and new export sectors, was the most dynamic component of aggregate demand. The external current account deficit widened only slightly to 3.4 percent of GDP owing to a commensurate increase in the saving rate. Growth of exports of goods and services slowed primarily owing to a decline in sales of crude oil and food products.