North Africa


Gone are the days when Tunisia was a net energy exporter. A lack of investment has seen oil and gas output slump in recent years but this looks unlikely to change any time soon.

State of Play

The only success of the 2011 ‘Arab Spring’, for Tunisia ‘success’ is relative. The economy has stagnated and political instability remains – strikes crippled the country in mid-2017. Coupled with the effect of lower oil prices since late-2014, investment has slumped. Making ‘success’ sustainable is a long-term project.

2018 In Numbers
Crude Output 0.04 mn b/d
Crude Exports 0.03 mn b/d
Gas Output 1.95 bcm
Oil Rig Count 2 -
Geopolitical Risk

12 Jul, 2019


The Terror Risk To Tunisia’s Tourism Industry

Tunisia’s key tourism industry is booming again. The government is aiming for 9 million arrivals this year, but recent attacks highlight the sector’s vulnerability.

Tourist Arrivals* To Tunisia Slumped After A Series Of Terror Attacks In 2015, But Increased Security And A Drop In The Dinar Since Helped 2018 Reach A Record 8.3mn Arrivals
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Tunisia's Energy Subsidy Spending Is Rises In Line With Global Crude Prices

Oil Demand ('000 B/D) Has Been Steadily On The Rise, But Tunisia's Ability To Meet It Has Nose-Dived

Tunisia Is Reliant On Algerian Gas For To Meet Around 66% Of Its Gas Demand

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