Tunisia, Economy of
Tunisia’s economic record compares favourably with other developing countries, particularly those on the African continent. After a balance of payments crisis in the mid-1980s, steps were taken to improve macroeconomic policy, foster the non-public sector and liberalize prices and controls. In the 1990s the economy grew steadily at an average annual rate of 5%. Inflation and annual budget deficits have fallen and poverty has been reduced.