page_title: Tunis
section_title: Overview
hierarchical_section_title: Tunis / Economy / Overview
caption_attribution_description: Français&#160;: Nouveau siège de la Télévision Tunisienne à Tunis
context_page_description: Tunis is the capital and largest city of Tunisia. The greater metropolitan area of Tunis, often referred to as "Grand Tunis", has about 2,700,000 inhabitants, making it the third-largest city in the Maghreb region and the sixteenth-largest in the Arab world.
  Situated on a large Mediterranean Sea gulf, behind the Lake of Tunis and the port of La Goulette, the city extends along the coastal plain and the hills that surround it. At its core lies its ancient medina, a World Heritage Site. East of the medina through the Sea Gate begins the modern city, or Ville Nouvelle, traversed by the grand Avenue Habib Bourguiba, where the colonial-era buildings provide a clear contrast to smaller, older structures. Further east by the sea lie the suburbs of Carthage, La Marsa, and Sidi Bou Said. As the capital city of the country, Tunis is the focus of Tunisian political and administrative life; it is also the centre of the country's commercial and cultural activities. It has two cultural centres, as well as a municipal theatre that is used by international theatre groups and a summer festival, the International Festival of Carthage, which is held in July.
context_section_description: Products include textiles, carpets, and olive oil. Tourism also provides a significant portion of the city's income.
  Because of the concentration of political authority (headquarters of the central government, presidency, parliament, ministries and central government) and culture (festivals and mainstream media), Tunis is the only nationally ranking metropolis. Tunis is the heartland of the Tunisian economy and is the industrial and economic hub of the country, home to one third of Tunisian companies—including almost all the head offices of companies with more than fifty employees, with the exception of the Compagnie des Phosphates de Gafsa, headquartered in Gafsa—and produces a third of the national gross domestic product.  Tunis attracts foreign investors (33% of companies, 26% of investments and 27% of employment), excluding several areas due to economic imbalances. According to the Mercer 2017 Cost of Living Rankings, Tunis has the lowest cost of living for expatriates in the world. The urban unemployment rate of university graduates is increasing and the illiteracy rate remains high among the elderly (27% of women and 12% of men). The number of people living below the poverty line, falling at the national level, remains higher in urban areas. In addition, unemployment is high in young people aged 18 to 24, with one in three unemployed as compared to one in six at the national level. In Greater Tunis, the proportion of young unemployed is at 35%.
  Gulf finance house or GFH has invested $10 billion in order for the construction of tunis financial harbor, that will transform Tunisia as the gateway to Africa from Europe. The project hopes to boost the economy of Tunisia as well as increase the number of tourists visiting Tunisia annually. The project is going through planning.
caption: Headquarters of Tunis channel
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