Locations
Tunis
Ariana
Zaghouan
Béja
Jendouba
Le Kef
Siliana
Kairouan
Kasserine
Sidi Bouzid
Gabès
Gafsa
Tozeur
Kebili

4 Rue Jamil Boutheina, Menzah 1
1004 Tunis, Tunisia

Contact Information

+93 799 419 570
mkazem@afgrofin.com

Tunisia is a lower-income country in North Africa. While important progress has been made on the political front, economic growth has not developed at the same pace. In 2018, Tunisia had a population of 11.5 million people with a GDP growth rate of 2% and a per capita income of $3,456. The fragmentation of the political party system and the relative difficulty in reaching consensus on the key economic reforms, have combined with external constraints –such as the conflict in neighboring Libya and the continued threat of instability –to slow economic recovery.

Additionally, there is a growing social dissatisfaction with the lack of employment opportunities for women and youth in particular. The World Bank reports that Tunisia is one of the few countries in the world where a higher level of education decreases employability, especially for women. This has resulted in the emigration of many youth and women to neighboring countries to find employment, posing a threat to the economic growth and stability. After recovering modestly to an economic growth rate of 2% in 2017, growth increased to 2.8% in 2018. However, unemployment remained high in 2018 and inflation rose from 4.2% in 2017 to 7.8% in 2018.

Limited information exists on the state of the entrepreneur landscape in Tunisia, however there is broad recognition that development of SMEs and the entrepreneurial system will be important components to addressing youth unemployment. CEED has partnered with the USAID Mission in Tunisia to provide critically needed business capacity programming to existing entrepreneurs and develop the entrepreneurial network in Tunisia.

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