Tunisia has lowest production costs for several industries (FIPA)

A report issued by FIPA this month has shown that production costs in information technology, gas for industrial purposes, electric energy, and utilities for the auto industry are lower than in six other countries.

The periodical report “Production factor costs in Tunisia,” issued this month by Tunisia’s Foreign Investment Promotion Agency (FiIPA), shows that production costs for information technology, gas for industrial purposes, electricity and auto industry utilities remain lower than in six other nearby countries.

The report considers the basic costs of starting a business and of manufacturing in Tunisia compared with the six other countries at hand.

When it comes to information technology costs, IT support analyst and senior IT support specialist services have the lowest costs of the seven countries ranked. An IT support analyst in Tunisia has the lowest next cost, at USD 619 per month, followed by Turkey (USD 649) and Morocco, another Arab country (USD 893).

A senior IT support analyst in Tunisia has a net cost of USD 813 per month, followed by Turkey (USD 1029) and Romania (US$ 1138).

Tunisia has the lowest gas costs for industry, at USD 0.1498 per cubic meter, followed by Turkey (USD 0.24/m³) and Italy (USD 0.31/m³).

Electricity costs to industrial clients, all rates included, are also lowest in Tunisia, at USD 0.077 per kwh, followed by Turkey (USD 0.09/kwh) and Romania (USD 0.09/kwh), according to the Fipa’s report.

Utility costs for auto parts manufacturers are also lowest in Tunisia than in the six other countries considered.

Despite the crisis brought on by the coronavirus pandemic, foreign direct investment in Tunisia hit USD 547.9 million through September 2020, down from USD 727.6 million through September 2019. The US dollar values are based on the exchange rate as of November 18.

TunisianMonitorOnline

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