Source: world bank Nominal/PPP
Summary:
Tunisia GDP expanded from 1961 to 2024, increasing from $0.87 billion to $51.33 billion.The compound annual growth rate (CAGR) averaged 6.69% over the period. The economy recorded its peak level in 2024 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 16.63%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Tunisia Economic Phases (1961–2024)
Between 1961 to 2024, Tunisia experienced the following economic phases:
- Contraction (1964–1965) indicating temporary slowdown
- High Growth (1968–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Contraction (1981–1982) indicating temporary slowdown
- High Growth (1986–1987) indicating robust economic expansion
- Expansion (1988–1989) indicating steady moderate growth
- High Growth (1990–1992) indicating robust economic expansion
- High Growth (1994–1999) indicating robust economic expansion
- Expansion (2001–2002) indicating steady moderate growth
- High Growth (2003–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Expansion (2013–2014) indicating steady moderate growth
- Contraction (2015–2017) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1972 with an increase of 32.78%, while the largest decline was in 2015 at -8.936%.