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.

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Key Facts

Flag:
Capital: Victoria
Area: 80,469 sq km
Total Population 2015: 90,000.0
Urban Population 2015: 54.39%
Female Population 2015: 49.09%
GDP: US$ 1.4 Billion
GNI Per Capita 2015: 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 (1967-2015): UA 151.2 Million

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Location

Activity



Resources



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