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This 2002 Article IV Consultation highlights that the real GDP of Tunisia grew by 5 percent in 2001 compared with 4.7 percent in 2000, despite a contraction in agricultural output of 1.5 percent caused by a third consecutive year of drought. Activity was particularly robust in the mechanical–electrical industry, which grew by 14 percent, and the textile industry, which expanded by 12 percent. The authorities now face the challenge of reining in strong demand, which has put pressures on the external position and lowered foreign exchange reserves.

Banks and Banking --- Exports and Imports --- Macroeconomics --- Money and Monetary Policy --- Foreign Exchange --- International Lending and Debt Problems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- International Investment --- Long-term Capital Movements --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Comparison of Public and Private Enterprises and Nonprofit Institutions --- Privatization --- Contracting Out --- Development Planning and Policy: Trade Policy --- Factor Movement --- Foreign Exchange Policy --- Current Account Adjustment --- Short-term Capital Movements --- International economics --- Banking --- Monetary economics --- Currency --- Foreign exchange --- External debt --- Commercial banks --- External position --- Credit --- Financial institutions --- Exchange rate policy --- Current account deficits --- Balance of payments --- Debts, External --- Banks and banking --- International finance --- Tunisia