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nue NW, Washington, DC 20005 telephone: [1] (202) 862-1850 FAX: [1] (202) 862-1858 Diplomatic representation from the US: chief of mission: Ambassador Robert F. GODEC embassy: Zone Nord-Est des Berges du Lac Nord de Tunis 1053 mailing address: use embassy street address telephone: [216] 71 107-000 FAX: [216] 71 963-263 Flag description: red with a white disk in the center bearing a red crescent nearly encircling a red five-pointed star; the crescent and star are traditional symbols of Islam Economy Tunisia Economy - overview: Tunisia has a diverse economy, with important agricultural, mining, tourism, and manufacturing sectors. Governmental control of economic affairs while still heavy has gradually lessened over the past decade with increasing privatization, simplification of the tax structure, and a prudent approach to debt. Progressive social policies also have helped raise living conditions in Tunisia relative to the region. Real growth, which averaged almost 5% over the past decade, reached 6.3% in 2007 because of development in non-textile manufacturing, a recovery in agricultural production, and strong growth in the services sector. However, Tunisia will need to reach even higher growth levels to create sufficient employment opportunities for an already large number of unemployed as well as the growing population of university graduates. Broader privatization, further liberalization of the investment code to increase foreign investment, improvements in government efficiency, and reduction of the trade deficit are among the challenges ahead. GDP (purchasing power parity): $76.07 billion (2007 est.) GDP (official exchange rate): $35.01 billion (2007 est.) GDP - real growth rate: 6.3% (2007 est.) GDP - per capita (PPP): $7,400 (2007 est.) GDP - composition by sector: agriculture: 11.6% industry: 25.7% services: 62.8% (2007 est.) Labor force: 3.593 million (2007 est.) Labor force - by occupation: agriculture: 55% industry: 23% services: 22% (1995 est.) Unemployment rate: 14.1% (2007 est.) Population below poverty line: 7.4% (2005 est.) Household income or consumption by percentage share: lowest 10%: 2.3% highest 10%: 31.5% (2000) Distribution of family income - Gini index: 40 (2005 est.) Investment (gross fixed): 23.6% of GDP (2007 est.) Budget: revenues: $8.466 billion expenditures: $9.475
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