Tunisia- Tourism revenues drops by 22% in April

Tourism revenues declined by 22% to 993 million dinars (MD) at the conclusion of April, in contradiction to 1.2 billion dinars in 2019, according to the latest economic indicators announced by the Central Bank of Tunisia (BCT).

In reality, this fall is unavoidable, given the current situation, marked by the spread of the coronavirus pandemic throughout the world, which has driven the overwhelming majority of countries to lock their borders, and consequently to halt tourist activities.

Tunisia had indicated, in a report sent to the IMF in April, that it anticipates losses calculated at $1.4 billion in the tourism sector, following the coronavirus crisis.

The BCT also noted, in its indicators, a drop in cumulative labour income of 8% at the end of April, to 1.3 billion dinars, opposed to the previous year.

Cumulative external debt servicing stood at 2.7 billion dinars, compared to 3.7 billion dinars, up by 21%.

The net foreign exchange assets recovered to 21.5 billion dinars on May 6, covering 132 days of imports.

On the same date last year, foreign exchange assets stood at 12.8 billion dinars, covering 73 days of imports.