Public Management

Tunisia: Unemployment rises to 16.1% in Q1-2023, up 4.8% QoQ

Tunisia: Unemployment rises to 16.1% in Q1-2023, up 4.8% QoQ
Wednesday, 17 May 2023 12:07

The number of unemployed individuals recorded by the Tunisian statistics institute in the first quarter of 2023 exceeded 655,000, against about 625,000 in the fourth quarter of 2022. 

Tunisia’s unemployment rate reached 16.1% in Q1-2023, up from 15.2% a quarter earlier, results published, Monday (May 15), by the national statistics institute INS show.  

The institute reveals that over 655,000 unemployed individuals were recorded during the period under review, against nearly 625,000 in the fourth quarter of 2022. This is nearly 4.8% up during the period.  

"The gender distribution shows that unemployment rose for both men (13.9% vs. 12.9% in Q4 2022) and women (21.2% vs. 20.1% in Q4 2022)," the stats show.  

This increase in unemployment is explained in part by the decline in the labor participation rate over the same period. According to the INS, in the first quarter, the rate dropped by 0.5%, from 46.5% in Q4-2022 to 46% in Q1-2023.  

For several years, the North African country has faced numerous socio-economic tensions. Tunisia’s negotiations for a $1.9 billion loan from the IMF have stalled despite a principle agreement in October 2022. The situation hinders the country’s ability to access aid from its other partners.

According to the IMF's outlook, the Tunisian economy is expected to grow by 1.3% in 2023 compared to 2.5% in 2022 while inflation is expected to rise to 10.9% from 8.3% over the same period.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Côte d’Ivoire will receive $234 million for a sustainable urban mobility project in Abidjan. Gambia will receive $32.2 million to build...
Stanbic IBTC and Zenith Bank cut monthly card spending abroad to $500 and $200 Foreign reserves fall by $3.5 billion in six...
Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 million in transactions by end-2025. The fintech...
• Kenya and ASR sign deal to reduce risk on projects worth up to $2 billion.• Risk cover will target infrastructure, energy, logistics, and trade...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
03

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
04

• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...

EY’s Exit Creates $1bn Opportunity in Francophone Africa Consulting Market
05

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.