Seychelles: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data Unavailable |
| Economic Trivia | Industrial fishing is the most important foreign exchange earner in the country. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): United Arab Emirates, South Africa, and Italy |
| 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) | $3,524,895,459 (2022) |
| GDP Growth Rate (annual %) | 8.8% (2022) |
| GDP Per Capita, PPP (current international) | $35,228 (2022) |
GDP Country Rank 176/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 8.277% (2020) |
| External debt stocks, total (DOD, current US$) | $2,713,814,000 (2013) |
| Total tax rate (% of commercial profits) | 30.1% (2019) |
| Real Interest Rate (5 year average %) | 13.992% (2022) |
| Manufacturing, value added (% of GDP) | 5.811% (2022) |
| Current Account Balance (BoP, current US$) | ($154,258,504) (2021) |
Labor and Employment [1]
| Labor Force, Total | Data unavailable |
| Employment in Agriculture (% of total employment) | 4.09% (2015) |
| Employment in Industry (% of total employment) | 15.51% (2015) |
| Employment in Services (% of total employment) | 80.4% (2015) |
| Unemployment Rate | 5.5% (2005) |
Trade [1]
| Imports of goods and services (current US$) | $1,931,714,231 (2022) |
| Exports of goods and services (current US$) | $1,770,383,778 (2022) |
| Total Merchandise Trade (% of GDP) | 124.213% (2022) |
| FDI, net inflows (BoP, current US$) | $212,054,363 (2022) |
| Commercial Service Exports (current US$) | $1,223,124,346 (2021) |
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.