https://www.confiduss.com/en/jurisdictions/tunisia/economy/ Economy of Tunisia

Tunisia is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Tunisia may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Tunisia exports about US$17.46 billion and imports about US$24.95 billion each year. 15.2% of the country's population is unemployed. The total number of unemployed in Tunisia is 1,772,194. In Tunisia, 3.8% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Tunisia is low, indicating a stable economy. Investors should consider Tunisia as a safe place for investment and other financial ventures. Government spending on education is 7.1% of GDP. The country's Gini index is 40. Tunisia experiences poor equality. The gap between the richest and poorest citizens in this country is quite palpable. Tunisia has a Human Development Index (HDI) of 0.721. Tunisia has an upper middle HDI score. This indicates that the majority of citizens will be able to lead a worthwhile life, although some citizens will not be able to achieve a high standard of living. The Global Peace Index (GPI) for Tunisia is 1.952. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Tunisia is very safe in international comparison. The Strength-Legal Index for Tunisia is 2. Overall, it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.

Currency
The currency of Tunisia is Tunisian dinar. The plural form of the word Tunisian dinar is dinar. The symbol used for this currency is د.ت and is abbreviated as TND. The Tunisian dinar is divided into millime; There are 1000 in a dinar.

Credit rating
The credit rating depth index for Tunisia is 5 which means that the information is usually sufficient and easily accessible, although occasionally some necessary details may be missing. According to the rating agency S&P, Tunisia has a credit rating score of BB- and the prospects for this rating are negative. According to the rating agency Fitch, Tunisia has a credit rating score of BB- and the prospects for this rating are negative. According to the rating agency Moody's, Tunisia has a credit rating of Baa3 and the prospects for this rating are negative.

Central bank
In Tunisia, the institution that manages the state's currency, money supply and interest rates is called the Central Bank of Tunisia. Locally, the Tunisian central bank is called the Banque Centrale de Tunisie. The average interest rate on deposits offered by local banks in Tunisia is 7.37%.

National debt
Tunisia has a public debt equal to 52.3% of the country's gross domestic product (GDP) as estimated in 2012.

Control information
Corporate tax in Tunisia is 30%. Personal income tax ranges from 0% to 35% depending on your specific situation and income level. VAT in Tunisia is 18%.

Finances
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Tunisia is US$124729 billion. The gross domestic product (GDP) per capita calculated as purchasing power parity (PPP) in Tunisia was last at 11 million US dollars. PPPs in Tunisia are considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Tunisia is 46.883 billion. Based on these statistics, Tunisia is considered to be of medium economic strength. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per