Economy of Seychelles
Population: 0.10 M (2018)
GDP per Capita: 16,434 USD (2018)
1,590 M.

GDP USD

(2018)

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1,380 M.

EXPORTS USD

(2018)

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1,620 M.

IMPORTS USD

(2018)

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55.00 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.63 % (2018)
GDP of 2010 USD USD 1.40 B. (2018)
GDP Current USD USD 1.59 B. (2018)
GDP per Capita Current USD USD 16,434 (2018)
GDP per capita, PPP USD 27,114 (2018)
GDP per Capita, 2010 USD USD 14,385 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 29.46 % (2018)
Government Spending USD 0.47 B. (2018)
Government Debt % GDP 55.00 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 88.12 (2018)
Trade Openness 189.12 % (2018)
Exports of Goods and Services % GDP 87.03 % (2018)
Exports Goods & Services USD 1.38 B. (2018)
Exports Annual Growth 5.91 % (2017)
Imports as % GDP 102.08 % (2018)
Total Imports USD 1.62 B. (2018)
Foreign Direct Investment % GDP 2.76 % (2018)
Foreign Direct Investment USD 0.04 B. (2018)
Current Account Balance % GDP USD -16.94 % (2018)
Current Account Balance USD -0.27 B. (2018)
Trade Balance % GDP -15.05 % (2018)
Trade Balance USD -0.18 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.55 B. (2018)
Remittances % GDP 1.43 % (2018)
Remittances USD 18 M. (2018)
Balance of Payments USD 29 M. (2018)

Labor Market

Indicator Value
Labor Force
Unemployment Rate
Unemployment Rate Females
Unemployment Rate Males
Youth Unemployment (ages 15-24)
Labor Force Participation Rate USD 29 M. (2018)
Labor Force (Percent Female) USD 29 M. (2018)
Female Labor Force Participation Rate USD 29 M. (2018)
Male Labor Force Participation Rate USD 29 M. (2018)
Dependent People 45.41 % (2018)

Agriculture Sector

Indicator Value
Forest Area 88.40 % (2016)
Forest Area km² 407 km² (2016)
Agricultural Land 3.37 % (2016)
Agricultural Land km² 15 km² (2016)
Employment
Value added % GDP 2.03 % (2018)
Agriculture Value added USD 0.03 B. (2018)
Crop Production Index 94.30 (2016)
Precipitation 2,330 mm (2014)
Arable Land 0 % (2016)
Cereal Yield 0 % (2016)
Food production index 104 (2016)
Rural Population 43 % (2018)
Fertilizer use of Arable Land 522 kg/hectare (2016)
Livestock Production Index 103 (2016)
Economy of Seychelles

According to the World Bank and its latest published data, the economy of the Seychelles presents a growth rate of 3.63 % (2018) to the previous year.

With a population that reaches 0.10 M (2018) and a gross domestic product of USD 1.59 B. (2018), it translates a Gross Domestic Product per Capita of USD 16,434 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Seychelles also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at 45.41 % (2018).

The central government spent 29.46 % (2018) of its gross domestic product that year, which in absolute terms is USD 0.47 B. (2018). Its consolidated public debt reached 55.00 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Seychelles exported USD 1.38 B. (2018), which represents 87.03 % (2018) of its gross domestic product, in that same sense its imports reached USD 1.62 B. (2018) with a direct foreign investment of USD 0.04 B. (2018).

Seychelles has a forest area of 407 km² (2016), which represents 88.40 % (2016) of its total area, an average rainfall of 2,330 mm (2014) per year and a population of 43 % (2018) living in rural areas. With a total area of 15 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Seychelles about USD 0.03 B. (2018) (2.03 % (2018) of its GDP).