Seychelles Economic Statistics and Indicators

20, Sep 2020, EDT. Welcome to the Seychelles economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Seychelles › Change country
National or Regional Currency: Seychelles Rupee, SCR
Year of data: 2015 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 91,650 (July 2014 est.)
Area: total: 455 sq km ; land: 455 sq km ; water: 0 sq km
Natural Resources: fish, copra, cinnamon trees
Capital: name: Victoria ; geographic coordinates: 4 37 S, 55 27 E ; time difference: UTC+4 (9 hours ahead of Washington, DC, during Standard Time)

Since independence in 1976, per capita output in this Indian Ocean archipelago has expanded to roughly seven times the pre-independence, near-subsistence level, moving the island into the upper-middle-income group of countries. Growth has been led by the tourist sector, which employs about 30% of the labor force and provides more than 70% of hard currency earnings, and by tuna fishing. In recent years, the government has encouraged foreign investment to upgrade hotels and other services. At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, fishing, and small-scale manufacturing. In 2008, having depleted its foreign exchange reserves, Seychelles defaulted on interest payments due on a $230 million Eurobond, requested assistance from the International Monetary Fund (IMF), and immediately enacted a number of significant structural reforms, including liberalization of the exchange rate, reform of the public sector to include layoffs, and the selling of some state assets. In December 2013, the IMF declared that Seychelles had successfully transitioned to a market-based economy with full employment and a fiscal surplus.
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GDP (Constant Prices, National Currency) for Seychelles in year 2015 is SCR 8.08 Billion.

GDP Growth (Constant Prices, National Currency) for Seychelles in year 2015 is 4.367 %.

GDP (Current Prices, National Currency) for Seychelles in year 2015 is SCR 18.304 Billion.

GDP (Current Prices, US Dollars) for Seychelles in year 2015 is US$ 1.375 Billion.

GDP Deflator for Seychelles in year 2015 is 226.542 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Seychelles in year 2015 is SCR 87,823.24 .

GDP Per Capita (Current Prices, National Currency) for Seychelles in year 2015 is SCR 198,956.17 .

GDP Per Capita (Current Prices, US Dollars) for Seychelles in year 2015 is US$ 14,940.71 .

GDP (PPP), US Dollars for Seychelles in year 2015 is US$ 2.417 Billion.

GDP Per Capita (PPP), US Dollars for Seychelles in year 2015 is US$ 26,276.65 .

GDP Share of World Total (PPP) for Seychelles in year 2015 is 0.002 %.

Implied PPP Conversion Rate for Seychelles in year 2015 is 7.572 .

Investment (% of GDP) for Seychelles in year 2015 is 31.815 %.

Gross National Savings (% of GDP) for Seychelles in year 2015 is 17.632 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Seychelles in year 2015 is 104.042 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Seychelles in year 2015 is 4.042 %.

Inflation, End of Year (Indexed to Year 2000) for Seychelles in year 2015 is 103.327 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Seychelles in year 2015 is 3.163 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Seychelles in year 2015 is 8.794 %.

Import Volumes of Goods Only (Percent Change) for Seychelles in year 2015 is 7.89 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Seychelles in year 2015 is 4.106 %.

Export Volumes of Goods Only (Percent Change) for Seychelles in year 2015 is -17.396 %.

Unemployment Rate (% of Labour Force) for Seychelles in year 2015 is 2.684 %.

Population for Seychelles in year 2015 is 0.092 Million .

General government revenue (National Currency) for Seychelles in year 2015 is SCR 6.272 Billions.

General government revenue (% of GDP) for Seychelles in year 2015 is 34.268 %.

General government total expenditure (National Currency) for Seychelles in year 2015 is SCR 5.911 Billions.

General government total expenditure (% of GDP) for Seychelles in year 2015 is 32.292 %.

Total Government Net Lending/ Borrowing (National Currency) for Seychelles in year 2015 is SCR 0.362 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Seychelles in year 2015 is 1.976 %.

Fiscal Year Gross Domestic Product, Current Prices for Seychelles in year 2015 is SCR 18.304 Billions.

Current Account Balance (US Dollars) for Seychelles in year 2015 is US$ -0.195 Billion.

Current Account Balance (% GDP) for Seychelles in year 2015 is -14.184 %.