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Economy of Seychelles

Population: 89 thousand in 20131

GDP: $1.27 billion in 20132

GDP per capita: $16,186 nominal3 ($24,189 PPP4) in 2013

GDP growth rate: 5.3% in 20135


GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities35640.1%
Wholesale, retail trade, restaurants and hotels26630.0%
Transport, storage and communication9811.0%
Agriculture, hunting, forestry, fishing242.7%
Mining and utilities40.5%
Total value added887100%


Unemployment rate: 2% in 20067

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Accommodation and food service8.518.5%
Public administration and defence4.29.3%
Wholesale trade, retail trade and repair of motor vehicles3.68.0%
Transportation and storage3.26.9%
Administrative and support service3.06.6%
Human health and social work1.84.0%
Finance and insurance1.63.5%
Professional, scientific and technical1.32.9%
Arts, entertainment and recreation1.12.3%
Real estate1.02.1%
Information and communication1.02.1%
Water supply, sewerage and waste management0.71.6%
Other service0.61.3%
Agriculture, forestry and fishing0.51.0%
Electricity, gas, steam and air conditioning0.51.0%
Activities of households as employers0.20.4%
Not elsewhere classified0.050.1%
Extraterritorial organizations and bodies0.020.05%
Total employment46100%


Top 10 Corporations by Revenue 20139



Household Wealth: $3 billion (2% of GDP) in 201410

Household Wealth per Adult: $60,962 in 201410

Gini Coefficient: .658 in 201311


Central Government

Central Government Revenue: $517 million (41% of GDP) in 201312

Central Government Expenditure: $492 million (39% of GDP) in 201312

Central Government Budget Balance: +$25 million (+2% of GDP) in 201312

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds


Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 13

Corporate Tax Rate: 33% in 201314

Monetary Policy

Money Supply (M1): $259 million (20% of GDP) in Dec 201415

Benchmark Interest Rate: N/A

Total Reserves: $425 million (33% of GDP) in 201316

Exchange Rate: 13.8 Seychellois Rupees = 1 U.S. Dollar on Feb 23, 201517

Inflation: 4.3% in 201318

Financial Institutions

Top 10 Financial Institutions by Assets 201319

N/A (data available at Relbanks.com)

International Accounts

Exports: $517 million (41% of GDP) in 201320

Imports: $846 million (67% of GDP) in 201320

Trade Balance: -$329 million (-26% of GDP) in 201320

Foreign Direct Investment Inflow: $178 million (26% of GDP) in 201321

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $35 million (3% of GDP) in 201222

Foreign Aid Outflow: N/A


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: CIA World Factbook (Unemployment rate) Go back
8. Source: International Labor Organization, ILOSTAT, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Ernst & Young, Worldwide Personal Tax Guide (Individual tax rates) Go back
14. Source: Ernst & Young, Worldwide Corporate Tax guide (Corporate tax rate) Go back
15. Source: Central Bank of Seychelles, Statistics (Money supply) Go back
16. Source: World Bank Indicators (Total reserves) Go back
17. Source: xe.com (Exchange rate) Go back
18. Source: World Bank Indicators (Inflation rate) Go back
19. Source: Relbanks.com (Financial institutions by assets) Go back
20. Source: CIA World Factbook (Trade data) Go back
21. Source: World Bank Indicators (FDI data) Go back
22. Source: World Bank Indicators (Aid data) Go back