Seychelles

Seychelles Economic Outlook

  • Seychelles’ GDP growth increased to about 3.5% in 2013 (up from 2.8%) and is expected to be above 3.5% in 2014 and 2015 due largely to a rebound in the tourism sector that has seen a 10% rise in tourist numbers.
  • In 2013, the country marked five years since the commencement of comprehensive economic reforms that have achieved economic stabilisation, debt reduction, liberalisation and public sector restructuring but challenges remain going forward: to make economic growth more inclusive, generate more local employment and unlock constraints for the private sector.
  • Ranked 1st in terms of human development in Africa, the Seychelles has met most of the Millennium Development Goals (MDGs) and is looking forward to the development of a Post- 2015 agenda that better integrates issues relevant to Small Island Developing States (SIDS).


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

Key Facts

Flag:
Capital: Victoria
Area: 80,469 sq km
Total Population 2013: 90,000.0
Urban Population 2013: 54.39%
Female Population 2013: 49.09%
GDP: US$ 1.4 Billion
GNI Per Capita 2013: US$ 12,260
Inflation Rate: 4.37%
Crude Birth Rate (per 1000): 16.55%
Human Development Index (rank / 187): 46
Human Development Index (scale 0 to 1): 0.806
Membership Date: 01/04/1977
Cumulative Approvals (1967-2013): UA 126.9 Million

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