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 (2021): United Arab Emirates, South Africa, and Italy
Top 3 Exported Goods (2021): Ships & Boats, Prepared Meats, and Seafood

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)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 176/197 (2022)

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 %) 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)
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$) $1,931,714,231 (2022)
Exports of goods and services (current US$) $1,770,383,778 (2022)
Total Merchandise Trade (% of GDP) 124.213% (2022)
FDI, net inflows (BoP, current US$) $212,054,363 (2022)
Commercial Service Exports (current US$) $1,223,124,346 (2021)
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


  1. The World Bank