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Seychelles

Headline economic indicators for Seychelles, with the most recent official readings.

Prices

Prices — Seychelles
Indicator Value Change
Inflation rate · 0.3% -0.01 (-4.5%)
Consumer price index · 147.5 +0.44 (+0.3%)
GDP deflator inflation · 2.6% -0.33 (-11.1%)

GDP

GDP — Seychelles
Indicator Value Change
GDP growth rate · 5.8% +2.45 (+73.2%)
GDP per capita · 19,449.38 +1,085 (+5.9%)
GDP per capita, long-run history · 31,055 +929.44 (+3.1%)
GDP · 2,387,022,853.49 +158,414,169 (+7.1%)
GDP, PPP · 4,400,364,876 +354,484,166 (+8.8%)
GDP per capita, PPP · 35,854 +2,515 (+7.5%)
GDP per capita growth · 4.6% +2.61 (+130.6%)
GNI per capita · 19,200 +1,500 (+8.5%)
Agriculture to GDP · 2.6% -0.03 (-1.1%)
Industry to GDP · 14.3% +0.93 (+6.9%)
Manufacturing to GDP · 5.4% +0.35 (+6.9%)
Services to GDP · 67.9% -0.99 (-1.4%)
Household consumption to GDP · 69.3% +0.19 (+0.3%)
Gross capital formation to GDP · 18.7% -2.59 (-12.2%)
Gross savings to GDP · 2.6% +0.07 (+2.8%)

Money

Money — Seychelles
Indicator Value Change
Real interest rate · 7.1% +0.38 (+5.7%)
Broad money to GDP · 84.7% +1.82 (+2.2%)
Private sector credit to GDP · 24.5% +0.17 (+0.7%)
Lending rate · 9.9% +0.04 (+0.5%)
Bank deposit rate · 2.5% +0.08 (+3.5%)
Stock market capitalization to GDP · 27.1% -9.31 (-25.6%)
Bank nonperforming loans · 4.7% -0.69 (-12.7%)
Official exchange rate · 14.73 +0.20 (+1.3%)

Trade

Trade — Seychelles
Indicator Value Change
Current account to GDP · -5.7% +1.80 (+24.1%)
Exports to GDP · 79.6% -0.96 (-1.2%)
Imports to GDP · 92.7% -2.63 (-2.8%)
Trade to GDP · 172.3% -3.59 (-2.0%)
Exports of goods and services · 1,900,518,394.81 +104,752,662 (+5.8%)
Imports of goods and services · 2,212,019,783.97 +88,264,953 (+4.2%)
Trade balance, goods and services (annual) · -91,914,727.21 -15,765,369 (-20.7%)
Current account balance (annual) · -135,089,581.91 +31,114,854 (+18.7%)
Foreign direct investment to GDP · 10.0% -0.15 (-1.5%)
Remittances received to GDP · 0.5% -0.01 (-2.3%)
Total reserves, including gold · 773,677,575.74 +90,883,606 (+13.3%)
Reserves in months of imports · 3.7 +0.50 (+15.8%)

Government

Government — Seychelles
Indicator Value Change
Government debt to GDP · 174.7% unchanged
Government revenue to GDP · 29.5% +1.30 (+4.6%)
Government expense to GDP · 24.6% -5.83 (-19.1%)
Tax revenue to GDP · 22.1% -0.22 (-1.0%)
Government budget balance to GDP · 7.2% +12.04 (+248.7%)
Government consumption to GDP · 25.1% +0.73 (+3.0%)
Education spending to GDP · 4.5% +0.80 (+21.7%)
Health spending to GDP · 4.5% +0.08 (+1.9%)

Demography

Demography — Seychelles
Indicator Value Change
Population · 122,730 +1,376 (+1.1%)
Population, long-run history · 98 +0.59 (+0.6%)
Population growth · 1.1% -0.18 (-14.0%)
Life expectancy · 76.3 +0.88 (+1.2%)
Fertility rate · 1.85 -0.33 (-15.1%)
Birth rate · 11.0 -2.00 (-15.4%)
Death rate · 7.0 -0.30 (-4.1%)
Urban population share · 45.5% +0.19 (+0.4%)
Population aged 65 and over · 8.7% +0.21 (+2.4%)
Under-five mortality rate · 14.0 -0.30 (-2.1%)
Population density · 265.5 +3.46 (+1.3%)
Net migration · 1,590 -157.00 (-9.0%)
Gini index · 32.1 -14.70 (-31.4%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Seychelles; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.