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Tunisia Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
11,516,189 (July 2018 est.)GDP (PPP)
$137.7 billion (2017 est.)Exports, foreign investment, and tourism are central to the country's economy
GDP growth rate
2.0% (2017 est.)A bit low considering the potential of Tunisia
GDP (PPP) per capita
$11,900 (2017 est.)Low, however the other countries of North Africa are quite aligned
Local currency
Tunisian dinar (TND)Weak currency which has depreciated continuously throughout the past 6 years
Financial stability (Public debt)
70.3% (2017 est.)Medium, it increased in the last years
Inflation
5.3% (2017 est.)High and unstable
Language
Arabic (official) and FrenchFrench is spoken by 2/3 of the people and it is the language of business
Corruption perception index (Source: Transparency International)
Rank 73/180Very high level of curruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
18% standard VAT rateLower rates of 13% and 7% apply to specifically designated operations
Corporate Tax
25% standard tax rateDifferent rates are applicable in a wide range of specific cases, products, and services
Duties
Importation of goods and services are subject to import VAT with the exception of some products.Customs duties are due on importations other than those made from the European Union (EU).
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