Tunisia's Macroeconomic Statistics
In recent years, Tunisia has seen great economic growth and financial achievements, such as an annual growth rate of 5.075% for the years 2005-08, improving trade terms, a rising investment rate, and a decline in foreign contribution to GDP.
In terms of its HDI, or Human Development Index, Tunisia has risen from 0.703 (1998) to 0.76 (its most current rating). Tunisia's HDI ranking is on the rise, along with other indicators of human development. The per capita (PPP) has risen from $4500 to $8490 as of 2008. Tunisia has made great strides in the reduction of poverty, although rural areas are still poor. One of the biggest challenges facing the Tunisian economy is its high level of external debt; an inefficient financial sector and high unemployment also play a role.
The Tunisian economy is also stunted because it relies mostly on the textile and tourism sectors. However, foreign investment has increased competition in these areas, and Tunisia will need to build its textile industry in order to compete with plants in places like China.
The country of Tunisia faces an account deficit of 3%, and foreign investors are concerned about inflation. High and rapidly fluctuating oil prices and the decline in oil subsidies are the main concerns for the inflation increase.
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