Posted by: Agence Tunis Afrique Presse
Tunisia’s Gross Domestic Product (GDP) grew 2.8 percent year-on-year in the second quarter of 2018 compared to the second quarter of 2017, and 0.6 percent in the first quarter of 2018, according to the latest statistics from the National Institute of Statistics (INS), released Wednesday.
The national economy grew 2.6% in the first half of the current year, compared to 1.9% in the same period of 2017.
0.8% increase in value added of manufacturing industries
According to INS figures, the value added of the manufacturing sector rose by 0.8% in the second quarter of 2018, compared to the same period of the previous year.
This increase is particularly due to the rise in the value added of vital sectors, such as food industries (+ 2.4%), textiles, clothing and footwear (+ 2.6%) and chemical industries (+4.9%).
On the other hand, other sectors recorded a drop in their value added, like the building materials, ceramics and glass industries (-2.3%) and the mechanical and electrical industries (-0. 6%).
Non-manufacturing industries posted a 1.3% increase in the second quarter of 2018, compared to the same period of 2017.
This growth is explained by the increase in the value added of the construction sector (3.6%), the recovery of growth for the mining sector (0.3%), and by a smaller decline in the value added of the oil and natural gas extraction sector compared to the second quarter of 2017, i.e. -1.4% against -14%.
The electricity and gas production sector also recorded a slight decline in its value added of 0.5%
The service sector continues to grow
The services sector has continued to grow, with a 3.6% increase in value added in the second quarter of 2018, supported by a change in the value added of all related sectors.
The added value of the hotel, restaurant and cafe sector has therefore risen by 11.5%, thanks to the 34% increase in the number of nights spent in Tunisian hotels.
The transportation sector also grew 4.7% thanks to the momentum recorded by air transport.
The telecommunications and financial services sectors have increased by 3.2% and 5.5% respectively. Non-market services also posted a slight rise of 0.1%.
The value added of the agriculture and fisheries sector also increased by 9% during the second quarter of 2018.