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Tunisian tourism revenues surge 8% in first four months of 2024

Thursday, 09 May 2024 12:01
Tunisian tourism revenues surge 8% in first four months of 2024

(Ecofin Agency) - Tunisian tourism revenues reached TND1.64 billion (around $526 million) during the first four months of 2024, marking an 8% increase compared to the same period in 2023, according to data published on May 7 by the country's central bank.

This increase is primarily attributed to a rise in the number of tourists, in a context marked by a significant improvement in the security situation in the country, the central bank noted. Furthermore, the central bank indicated that remittances reached TND2.39 billion ($762 million) between January 1 and April 30 of the current year, representing a 5% increase compared to the same period last year. These transfers constitute the second-largest source of foreign currency after export revenues.

In Tunisia, remittances have surpassed tourism revenues and foreign direct investment flows since the 2011 Revolution, which led to a decline in tourist arrivals and a decrease in the country's attractiveness to foreign investors.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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