Tunisia is located on the Mediterranean coast of North Africa and the country encompasses total area of 163,610sq km. Theeconomy of Tunisia is primarily based on agriculture and industries like energy, manufacturing, mining and tourism.
According to some experts, in near future Tunisia is going to be the most prosperous country of North Africa.
Economy of Tunisia
The economy of Tunisia is largely dependent on the agricultural sector. In 2002, the GDP (Gross Domestic Product) of Tunisia was $20 billion, where agriculture contributed 13% of overall GDP.
Major agricultural products include wheat, dates, barley, sugar beets, almonds, olives, grain, tomatoes, citrus fruit etc. Overall agricultural production of Tunisia varies according to the amount of rainfall.
The main strength of the industrial economy of Tunisia lies in the sectors like mining, manufacturing and tourism. Tunisia has rich resource of phosphate reserves and iron ore. Other minerals include Zinc and lead.
The Manufacturing sector of Tunisia include food processing, textile mills, steel, leather, paper, wood products etc. Tourism industry also plays a major role behind the overall growth of Tunisian economy.
Major exporting products of Tunisia are petroleum, phosphate, textiles, and olive oil.
Major imported products are metal products, machinery, chemicals, food and transportation equipments.
Leading trading partners are France, other countries of European Union, North African countries.
The currency of Tunisia is Tunisian Dinar. 1 US Dollar is equal to 1.28320 Tunisian Dinar and 1 Tunisian Dinar (TND) is equal to 0.77930 US Dollar (USD) as on Wednesday, September 12, 2007.
Last Updated on : 25th June 2013