Tunisia flagEconomy Guide · Tunisia

Economy Guide in Tunisia

Economic overview, job market trends, income levels, and financial landscape for expats

Economic Overview

GDP

$46.69B

Total economic output of the country

HDI

0.73

High human development

Quality of Life

51/100

Good quality of life — above global average

Purchasing Power

14/100

Very weak purchasing power — limited buying capacity

Comparison data legendCompare:
Country
Continent Avg

Cost of Living Index

0510
Very Affordable

Very affordable costs (CPI: 29.3). Groceries (35.8) and restaurants (18.1) are significantly cheaper than in NYC.

Housing Market

0510
Poor

Property prices are considered expensive, averaging 12.7 years of household income. The rental market (index: 5.0) is very affordable.

Average Income Levels

0510
Very Poor

Purchasing power is low, with an index of 38.3 compared to NYC. This indicates significantly lower buying power for residents.

Tax System

0510
Moderate

Tunisia has a progressive income tax system with rates up to 35% for residents and a flat 20% for foreign workers in certain sectors. The standard VAT rate is 19%, with reduced rates of 7% and 13% for specific goods and services. Property taxes include an annual tax (8-15% of rental value) and a 15% capital gains tax on sales, though incentives exist for new businesses.

Business Environment

0510
Moderate

Tunisia's business environment is improving, with its startup ecosystem ranked #82 globally in 2025. The Startup Act provides legal recognition, tax incentives, and streamlined procedures for entrepreneurs. While business entry is strong, challenges remain in regulatory efficiency and dispute resolution.

Social Security

0510
Good

Tunisia has a comprehensive social security system. Healthcare is managed by the National Health Insurance Fund (CNAM), covering over 90% of the population, with public and growing private sector options. Contributory pension schemes provide old-age, disability, and survivor benefits, with minimums linked to the legal minimum wage. Unemployment benefits are available for up to 12 months for eligible workers, and family allowances are also provided.

Banking & Financial Safety

0510
Moderate

Deposits in Tunisia are protected by the Fonds de Garantie des Dépôts Bancaires (FGDB) up to 60,000 TND (approximately USD 20,820) per depositor per bank. The Central Bank of Tunisia actively supervises the banking sector and is implementing Basel III-aligned capital rules by the end of 2026 to enhance financial stability.

Deposit Protection: up to $20,820 USD (see sources)