Economy of Seychelles

Economy of Seychelles
Central Bank of Seychelles
CurrencySeychellois rupee (SCR, SR)
Calendar year
Trade organisations
AU, AfCFTA (signed), WTO, COMESA, SADC
Country group
Statistics
GDP
  • Increase $2.2 billion (nominal, 2024)[3]
  • Increase $4.3 billion (PPP, 2024)[3]
GDP rank
GDP per capita
  • Increase $21,875 (nominal, 2024)[3]
  • Increase $43,151 (PPP, 2024)[3]
GDP per capita rank
GDP by sector
46.8 high (2013)[5]
Labour force by occupation
UnemploymentPositive decrease 3.7% (2017)[7]
Main industries
Fishing, tourism, beverages
External
ExportsIncrease $564.8 million (2017 est.)[4]
Export goods
Canned tuna, frozen fish, petroleum products (reexports)
Main export partners
ImportsIncrease $1.155 billion (2017 est.)
Import goods
Machinery and equipment, foodstuffs, petroleum products, chemicals, other manufactured goods
Main import partners
Decrease −$307 million (2017 est.)[4]
Positive decrease $2.559 billion (31 December 2017 est.)[4]
Public finances
Positive decrease 63.6% of GDP (2017 est.)[4]
−0.5% (of GDP) (2017 est.)[4]
Revenues593.4 million (2017 est.)[4]
Expenses600.7 million (2017 est.)[4]
Increase $545.2 million (31 December 2017 est.)[4]
All values, unless otherwise stated, are in US dollars.


The economy of Seychelles is based on fishing, tourism, processing of coconuts and vanilla, coir rope, boat building, printing, furniture and beverages.[8][9] Agricultural products include cinnamon, sweet potatoes, cassava (tapioca), bananas, poultry and tuna.[8][9]

The public sector, comprising the government and state-owned enterprises, dominates the economy in terms of employment and gross revenue, employing two-thirds of the labor force. Government consumption absorbs over one-third of Seychelles's GDP.

  1. ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
  2. ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
  3. ^ a b c d "Report for Selected Countries and Subjects: April 2024". imf.org. International Monetary Fund.
  4. ^ a b c d e f g h i j k l "The World Factbook". CIA.gov. Central Intelligence Agency. Retrieved 19 August 2019.
  5. ^ "GINI index (World Bank estimate)". data.worldbank.org. World Bank. Retrieved 19 August 2019.
  6. ^ a b "Human Development Report 2023/2024" (PDF). United Nations Development Programme. 13 March 2024. Archived (PDF) from the original on 13 March 2024. Retrieved 5 September 2024.
  7. ^ "Unemployment, total (% of total labor force) (national estimate)". data.worldbank.org. World Bank. Retrieved 19 August 2019.
  8. ^ a b "Report for Selected Countries and Subjects". Retrieved 11 June 2015.
  9. ^ a b "The World Factbook". Retrieved 11 June 2015.