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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

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Other activities	356	40.1%
Wholesale, retail trade, restaurants and hotels	266	30.0%
Transport, storage and communication	98	11.0%
Manufacturing	76	8.5%
Construction	64	7.2%
Agriculture, hunting, forestry, fishing	24	2.7%
Mining and utilities	4	0.5%
Total value added	887	100%

Employment

Unemployment rate: 2% in 2006⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Accommodation and food service	8.5	18.5%
Construction	5.7	12.5%
Public administration and defence	4.2	9.3%
Manufacturing	4.2	9.3%
Wholesale trade, retail trade and repair of motor vehicles	3.6	8.0%
Transportation and storage	3.2	6.9%
Administrative and support service	3.0	6.6%
Education	2.9	6.5%
Human health and social work	1.8	4.0%
Finance and insurance	1.6	3.5%
Professional, scientific and technical	1.3	2.9%
Arts, entertainment and recreation	1.1	2.3%
Real estate	1.0	2.1%
Information and communication	1.0	2.1%
Water supply, sewerage and waste management	0.7	1.6%
Other service	0.6	1.3%
Agriculture, forestry and fishing	0.5	1.0%
Electricity, gas, steam and air conditioning	0.5	1.0%
Activities of households as employers	0.2	0.4%
Not elsewhere classified	0.05	0.1%
Extraterritorial organizations and bodies	0.02	0.05%
Total employment	46	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

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

Household Wealth per Adult: $60,962 in 2014¹⁰

Gini Coefficient: .658 in 2013¹¹

Government

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

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* ¹³

15%: $0+

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

References