FDI Inflows Point To Positive BoP Outlook

November 2007 | Economic Analysis

Tunisia's current account deficit is declining slowly after peaking in 2006 at 2.9% of GDP. We believe that the deficit will fall to US$745mn in 2007 (2.1% of projected GDP) driven by a gradual narrowing of the trade balance, despite the rise in oil prices during the year. By 2012, we anticipate that the current account deficit will have been all but eliminated, thanks to rising energy self sufficiency, falling to just 0.2% (around US$92mn). Meanwhile, the strong capital inflows currently enjoyed by the Tunisian economy look set to remain in place, thanks to large investments in the energy, real

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