COVID-19 IMPACT: Major Damage to Tunisian Economy

Tunisia Security Update

Your #1 Source for Travel & Security News IMPACTING Tunisia.


Article Analysis:

Coronavirus may cause 400,000 travel-related job losses in Tunisia”-Published date: 15 April 2020 

Tunisia forecasts $1.4bn-loss in revenue in tourism sector over Coronavirus pandemic

3-Quick Key INSIGHTS:

  • Estimates project Tunisian economy will lose $1.4bn tourism revenue.

  • Tunisia has recorded a total of 747 cases of the virus and 34.

  • To mitigate the economic effects of the pandemic, Tunisia is seeking to secure a loan up to $877m (Source:  North African Post)

  • Visit Tunisia Security Update Facebook Page for more UPDATES.


https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js


What’s going ON?

The coronavirus pandemic has devastated Tunisia’s tourism industry, with the vital sector expected to see 400,000 people lose their jobs this year and $1.4bn in lost revenue.

Like many countries across the globe, Tunisia has been under lockdown for weeks, with most residents only leaving their homes for exercise, grocery shopping and pharmacy runs.

 

Economic Challenges Ahead…

But as the second-biggest contributor to the country’s economy after agriculture, the tourism industry has almost completely shut down. Restaurants have closed, as have hotels and land borders, and international flights have been banned.

Tourist arrivals fell from over 7 million in 2010 to 5 million by 2015. But the number of visitors rose to 8.3 million in 2018, a 17 percent increase from 2017

Tourist arrivals fell from over 7 million in 2010 to 5 million by 2015. But the number of visitors rose to 8.3 million in 2018, a 17 percent increase from 2017

Now, under the pandemic, that number is expected to plummet.

Tunisia has recorded a total of 747 cases of the virus and 34 coronavirus-related deaths. So far, 43 people have recovered from the infection.

Tunisia’s number of cases falls well below neighbouring Algeria, which has reported 2,160 cases and 336 deaths, highlighting the need to ban tourism in order to slow the spread, as tourists from Algeria, Russia and the EU make up a large portion of the country’s yearly visitors.

Security Bottom Line

In a report released on Wednesday, the IMF said in general, economies across the Middle East and North Africa are expected to shrink by 3.3 percent during 2020.

The COVID-19 pandemic could not have come at a worse time for Tunisia.  Having just completed a complicated election cycle, the country was looking forward to a much needed successful tourism season.

At the time of this writing both the U.S. and UK embassies advises against all but essential international travel.


Security Support

If you’re operating in Tunisia find out how you can have access to reliable security information & support.

 

Published by DavidSecurity

A Security Professional helping International organizations and travelers THRIVE Safely.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: