Source: world bank Nominal/PPP
Summary:
Tunisia GDP Per Capita expanded from 1961 to 2024, increasing from $200.67 to $4,181.14 .The compound annual growth rate (CAGR) averaged 4.94% over the period. The economy recorded its peak level in 2014 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 20.86%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Tunisia Economic Phases (1961 - 2024)
From 1961 to 2024, Tunisia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Contraction (1964–1965) indicating temporary slowdown
- Expansion (1966–1967) indicating steady moderate growth
- High Growth (1970–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Contraction (1981–1982) indicating temporary slowdown
- Contraction (1984–1985) indicating temporary slowdown
- Expansion (1986–1988) indicating steady moderate growth
- High Growth (1994–1996) indicating robust economic expansion
- Expansion (1997–1999) indicating steady moderate growth
- Expansion (2001–2002) indicating steady moderate growth
- High Growth (2003–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Expansion (2013–2014) indicating steady moderate growth
- Contraction (2015–2017) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1972 with an increase of 29.461%, while the largest decline was in 2015 at -9.958%.