Tunisia is formally known as the Republic of Tunisia and is the smallest country in North Africa. Algeria, Libya and the Mediterranean Sea are this country’s neighbours. The south of the country is composed of the Sahara desert, with much of the remainder consisting of particularly fertile soil and coastline.
The country’s government has initiated a structural adjustment program to reduce tariffs, liberalize and transform the nation into a market and diverse economy. Tunisia is now an export-oriented country with a diverse economy, ranging from agriculture, mining, manufacturing, and petroleum products, to tourism. Tunisia has 23 trillion cubic feet of recoverable shale gas resource and 1.5 billion barrels of recoverable shale oil resource.
Tunisia’s phosphates, base metals and petroleum industry provide most of its foreign earnings. The mineral industry is a key player to the county’s economy and over the years has significantly contributed to Tunisia’s GDP. The country’s cement industry produces approximately 5Mt per year has been privatised, with two of its largest companies being sold to European investors.
In Tunisia almost complete electricity generation comes from fossil-fuelled power stations. The country also generates a small amount of power from renewable sources, such as wind and hydro. A network of oil and gas pipelines covers the country, linking fields with ports and urban centres.
Currency: Tunisian dinar
Official language: Arabic Language