tourism

Tunisia: Tourism revenues down 25.3% as of July 10

July 26, 2021

The cumulative tourist receipts have reached about 874 million dinars (MD), from the beginning of the year until July 10, posting a 25.3% decline, compared to the same period of 2020, according to the monetary and financial indicators of the Central Bank of Tunisia (BCT).

The services of the cumulative external debt also dropped almost 30 %, during the same period to 3758 MD.

However, cumulative labor income increased by 27%, on July 10, 2021, to 3,435 MD. As for the overall refinancing volume, it stood at 10.1 billion dinars, a slight decline of 2% compared to the same period last year.

The statistics of the BCT have also reported a slight increase in net foreign exchange reserves from 20.8 billion dinars until July 19, 2020, to 21.4 billion dinars to July 19, 2021, which corresponds to 135 days of imports.

Fitch Ratings has pointed out, in its note announcing Tunisia’s latest rating (published July 8, 2021), that foreign exchange reserves in Tunisia have fallen from 9.4 billion dollars (26 billion dinars) at the end of 2020, to 8.1 billion dollars (22.4 billion dinars), at the end of May 2021.

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