Parallel economy employs country’s 41.5 % workforces in Tunisia (WB)

A recent study conducted by the World Bank claims that about 41.5% of the workforce in Tunisia is employed in the parallel economy.

The Tunisian Institute for Strategic Studies disclosed that 55 % of the workers in the parallel sector only have a primary school education in comparison to 25 % in the organized sector.

The construction and public works sector have the largest share (36 %) of workers in the parallel economy, followed by the trade sector (24 %) and transport and communication (10 %). It also stated that the economy of Tunisia inflated by 2.5 % in the last year compared to 1.9 % in 2017, in line with earlier expectations released last month by the International Monetary Fund.

A man buys dollars from a money changer on the black market in the capital Tunis, Tunisia August 24, 2017. REUTERS/Zoubeir Souissi

It is also being revealed that the growth rates didn’t succeed in the last year in reducing Tunisia’s unemployment rate of 15.5 %. The World Bank has an opinion that the parallel economy is one of the most important obstacles to development in the country.


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