Tunisia's economic growth is projected to accelerate to 3.1% in 2027, up from 2.7% in 2026, according to a statement by Prime Minister Sarra Zaâfrani Zenzri. This growth is attributed to a rebound in industrial and extractive activities, improved performance in the services sector, and faster implementation of investment projects. The growth is expected to increase the per capita income by 7.2% in 2027.
The government's development plan aims to move Tunisia into the top third of upper-middle-income countries by 2030. The plan focuses on diversifying economic drivers and strengthening the contribution of key sectors to wealth creation. Zenzri emphasized that 2027 is a crucial year for implementing the 2026-2030 development plan, which will enable the country's transition from a resilience phase to a more dynamic and balanced growth trajectory.
To achieve this growth, the government stresses the need for structural reforms to support growth and investment, improve the business climate, and develop human capital. The reforms also aim to accelerate digital transformation and facilitate private initiative. Zenzri highlighted the importance of mobilizing foreign direct investment, particularly in high-value-added sectors, and improving production capacities in vital sectors to meet domestic and foreign demand.
The government expects a relative improvement in economic activity in 2027, driven by the gradual recovery of productive sectors and support for food, water, and energy security. The efforts will focus on creating a sectoral dynamic that stimulates growth and promising activities, while accelerating the energy transition and digital transformation. The goal is to improve the performance of public enterprises and establishments, as well as social protection systems.
Zenzri noted that maintaining a manageable current deficit and stimulating investment are essential for maintaining an acceptable level of foreign exchange reserves and strengthening the economy's ability to withstand shocks. The growth in 2027 is expected to be driven by the agricultural and industrial sectors, with improved performance in non-manufacturing industries and a rebound in extractive industries.
The industrial sector is expected to see growth in mechanical and electrical industries, driven by external demand and integration into global value chains. The chemical industry is also expected to grow, driven by the pharmaceutical industry and increased phosphate processing activity. Additionally, the construction materials, ceramics, and glass industries are expected to improve due to better demand.
The services sector is expected to grow in 2027, driven by tourism, transportation, financial services, and insurance. The telecommunications sector is also expected to evolve, driven by the widespread adoption of 5G technology and digital infrastructure development. The government's efforts will focus on directing investments and resources towards priority areas with the greatest impact on productivity.
Key points
- Tunisia's economic growth is projected to accelerate to 3.1% in 2027.
- The growth is driven by a recovery in industrial and extractive activities, improved services sector performance, and increased investment project implementation.
- The government's development plan aims to move Tunisia into the top third of upper-middle-income countries by 2030.
