Countries
Seychelles
Key Economic Indicators
$4.03 billion
$33,239
3.47%
0.31%
$2.167 billion (2024 est.)
<b>note:</b> central government debt as a % of GDP
$-175,674,036
Economic Overview
high-income Indian Ocean island economy; rapidly growing tourism sector; major tuna exporter; offshore financial hub; environmentally fragile and investing in ocean rise mitigation; recently discovered offshore oil potential; successful anticorruption efforts
All Economic Data
Agricultural products
coconuts, vegetables, bananas, eggs, chicken, pork, fruits, tomatoes, tropical fruits, cassava (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$728.171 million (2023 est.)
Note:
<b>note:</b> central government revenues and expenditures (excluding grants and social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$695.973 million (2023 est.)
Currency
code:
SCR
name:
Seychellois rupee (SCR) [₨]
Current account balance
$-175,674,036
Current account balance 2021:
-$160.168 million (2021 est.)
Current account balance 2022:
-$141.648 million (2022 est.)
Current account balance 2023:
-$155.194 million (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
Seychelles rupees (SCR) per US dollar -
Exchange rates 2020:
17.617 (2020 est.)
Exchange rates 2021:
16.921 (2021 est.)
Exchange rates 2022:
14.273 (2022 est.)
Exchange rates 2023:
14.018 (2023 est.)
Exchange rates 2024:
14.53 (2024 est.)
Exports
$1.85 billion
Exports 2021:
$1.751 billion (2021 est.)
Exports 2022:
$2.247 billion (2022 est.)
Exports 2023:
$2.375 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
fish, scrap iron, animal meal, broadcasting equipment, ships (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
France 20%, Mauritius 12%, UK 9%, Japan 8%, Italy 8% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$226.13 million
GDP - composition, by end use
Exports of goods and services:
85.2% (2024 est.)
Government consumption:
26.3% (2024 est.)
Household consumption:
74.6% (2024 est.)
Imports of goods and services:
-103.2% (2024 est.)
Investment in fixed capital:
17.2% (2024 est.)
Investment in inventories:
0% (2024 est.)
Note:
<strong>note:</strong> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
2.5% (2024 est.)
Industry:
12.3% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
65.8% (2024 est.)
GDP (official exchange rate)
$2.167 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$17,859
Gini Index coefficient - distribution of family income
32.1 (2018)
Gini Index coefficient - distribution of family income 2018:
32.1 (2018 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$2.1 billion
GNI per capita
$17,460
Gross domestic investment
17 % of GDP
Household income or consumption by percentage share
Highest 10%:
23.9% (2018 est.)
Lowest 10%:
2.6% (2018 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$2.24 billion
Imports 2021:
$1.821 billion (2021 est.)
Imports 2022:
$2.298 billion (2022 est.)
Imports 2023:
$2.437 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, fish, ships, cars, plastic products (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
UAE 32%, Spain 10%, France 6%, South Africa 6%, India 6% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
-6.4% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
fishing, tourism, beverages
Inflation rate (consumer prices)
0.31%
Inflation rate (consumer prices) 2022:
2.6% (2022 est.)
Inflation rate (consumer prices) 2023:
-1% (2023 est.)
Inflation rate (consumer prices) 2024:
0.3% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Population below poverty line
25.3% (2018 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2017:
63.6% of GDP (2017 est.)
Real GDP (purchasing power parity)
$4.03 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$3.354 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$3.43 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$3.549 billion (2024 est.)
Real GDP growth rate
3.47%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
12.7% (2022 est.)
Real GDP growth rate 2023:
2.3% (2023 est.)
Real GDP growth rate 2024:
3.5% (2024 est.)
Real GDP per capita
$33,239
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$28,000 (2022 est.)
Real GDP per capita 2023:
$28,600 (2023 est.)
Real GDP per capita 2024:
$29,200 (2024 est.)
Remittances
$11.95 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
0.6% of GDP (2021 est.)
Remittances 2022:
0.5% of GDP (2022 est.)
Remittances 2023:
0.5% of GDP (2023 est.)
Reserves of foreign exchange and gold
$773.68 million
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$638.961 million (2022 est.)
Reserves of foreign exchange and gold 2023:
$682.794 million (2023 est.)
Reserves of foreign exchange and gold 2024:
$773.678 million (2024 est.)
Taxes and other revenues
26.18% (of GDP) (2020 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
World Bank Indicators
Currency
Swedish krona (SEK) kr (2025)
Gini Index
30.00 (2018)
Languages
Swedish (2025)
Economic Rankings
GDP Growth Rate
#10
GDP per Capita
#64
Gini Index
#142
Reserves
#149
Exports
#157
Imports
#161
GDP (Nominal)
#174
GDP (PPP)
#176
Inflation Rate
#190
Quick Facts
Industries
fishing, tourism, beverages
Agricultural products
coconuts, vegetables, bananas, eggs, chicken, pork, fruits, tomatoes, tropical fruits, cassava (2023)
Exports - partners
France 20%, Mauritius 12%, UK 9%, Japan 8%, Italy 8% (2023)
Imports - partners
UAE 32%, Spain 10%, France 6%, South Africa 6%, India 6% (2023)
Exchange rates
Seychelles rupees (SCR) per US dollar -
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