Economic Trivia

Industrial fishing is the most important foreign exchange earner in the country.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2016): Cayman Islands, United Arab Emirates, and France
Top 3 Exported Goods (2016): Prepared Meats, Oil & Mineral Fuels, and Ships & Boats

Top Industries Source: CIA World Factbook

Fishing; Tourism; Processing of Coconuts and Vanilla; Coir (Coconut Fiber) Rope

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $2,775,988,858 (2017)
GDP Growth Rate (annual %) 4.2% (2017)
GDP Per Capita, PPP (current international) $28,964 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 175/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -1.016% (2016)
External debt stocks, total (DOD, current US$) $2,713,814,000 (2013)
Total tax rate (% of commercial profits) 30.1% (2017)
Real Interest Rate (5 year average %) 9.649% (2017)
Manufacturing, value added (% of GDP) 5.751% (2016)
Current Account Balance (BoP, current US$) ($295,687,997) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total Data unavailable
Employment in Agriculture (% of total employment) 4.09% (2015)
Employment in Industry (% of total employment) 15.51% (2015)
Employment in Services (% of total employment) 80.4% (2015)
Unemployment Rate 5.5% (2005)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $1,396,842,653 (2014)
Exports of goods and services (current US$) $1,182,039,892 (2014)
Total Merchandise Trade (% of GDP) 105.255% (2016)
FDI, net inflows (BoP, current US$) $124,465,536 (2017)
Commercial Service Exports (current US$) $878,704,372 (2016)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Seychelles’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank