The current account deficit has narrowed to -2.2% of GDP at the end of May 2023, compared to -4.6% a year earlier, according to data published on Friday by the Central Bank of Tunisia (BCT).

This improvement was supported by a contraction in the trade deficit (-8.1 billion dinars compared to -9.9 billion dinars at the end of May 2022), despite an increase in the energy deficit (-4.6 billion dinars, accounting for nearly 58% of the total deficit), and an improvement in tourist receipts and labour income.

It is worth noting that tourist receipts increased by 57.7% during the first five months of 2023 compared to the same period in 2022, reaching 1.7 billion dinars.

Likewise, cumulative labour income rose by 6% to reach 3.1 billion dinars at the end of May 2023.

Source: Agence Tunis Afrique Presse