The report by Tunisia's central bank has shed some light on the matter and, though it reported encouraging factors, also confirmed a state of crisis, particularly in certain export sectors.
The bank says that tourism and equipment exports continue to be "positive", while exports in the manufacturing and services sectors (transport in particular) continue to suffer.
While there has been a fall in exports, which have always represented a strategic sector for the economy of a country that specialises in transformation and has few raw materials, imports have risen, particularly in the manufacturing sector, with mechanical and electrical goods, textiles and clothing leading the way, a factor that has worsened Tunisia's payment balance.
The overview is made more delicate by the situation of the country's reserves. In the first quarter of the year, net reserves totalled 9.947 billion dinars (around 4.5 billion euros), the equivalent of 101 days worth of imports, against 113 days at the end of 2011. At the end of 2010, meanwhile, the figure stood at 147 days.
With regard to the banking sector, there was a fall in the number of deposits and a rise in non-performing credits, which has put inevitable pressure on the liquidity of banks and therefore upon their ability to finance the economy.
As a result, the average interest rate on the monetary market has been forced up to 3.73% at the start of April, from a figure of 3.48% in March, despite the "injection" decided by the central bank's monetary system (3.4 billion dinars at the beginning of March).
As far as inflation is concerned, prices have largely remained the same, with the figure reaching 5.4%. (ANSAmed).