Seychelles

Seychelles Economic Outlook

  • In July 2015 Seychelles reached high-income status, reflecting the government’s sound macroeconomic policies and comprehensive structural reforms in recent years that have supported robust economic growth, averaging 5.3% during 2011-15.
  • Seychelles’ medium-term growth outlook is moderate, with GDP projected to grow at 3.1% in 2016 and 3.7% in 2017 while the traditional tourism and fisheries sectors are expected to remain the main drivers.
  • With potential increases in economic activities in non-traditional sectors, such as high-value added manufacturing and growth of population, changing consumption patterns and the limited land available, rapid urbanisation represents a major challenge for the towns of Seychelles and, indeed, all small island developing states.


Contacts

East Africa Regional Resource Center (EARC)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya

Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, RRC Director