Non-Oil Real GDP Growth in Constant Prices for Tunisia
TUNNGDPXORPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.64
Year-over-Year Change
-207.74%
Date Range
1/1/2001 - 1/1/2023
Summary
The 'Non-Oil Real GDP Growth in Constant Prices for Tunisia' metric measures the year-over-year change in Tunisia's real GDP, excluding the oil and gas sector. This provides insights into the broader economic growth trends in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the annualized growth rate of Tunisia's real gross domestic product, adjusted for inflation and excluding the oil and gas industry. It is a key indicator used by economists and policymakers to assess the overall health and trajectory of the Tunisian economy.
Methodology
The data is collected and calculated by the Tunisian National Institute of Statistics based on national accounts information.
Historical Context
Policymakers and analysts utilize this metric to inform economic and fiscal policy decisions in Tunisia.
Key Facts
- Tunisia's non-oil GDP grew by 3.1% in 2021.
- The service sector accounts for over 60% of Tunisia's non-oil GDP.
- Diversifying the economy beyond oil and gas is a key policy priority.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in Tunisia's real GDP, excluding the oil and gas industry. It provides insights into the broader economic growth trends in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator used by economists and policymakers to assess the overall health and trajectory of the Tunisian economy, excluding the impact of the volatile oil and gas sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Tunisian National Institute of Statistics based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this metric to inform economic and fiscal policy decisions in Tunisia, as it provides insights into the broader non-oil growth dynamics.
Q: Are there update delays or limitations?
A: There may be update delays due to the time required for data collection and calculation by the Tunisian statistical agency.
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Citation
U.S. Federal Reserve, Non-Oil Real GDP Growth in Constant Prices for Tunisia (TUNNGDPXORPCHPT), retrieved from FRED.