Seychelles

Seychelles Economic Outlook

  • Seychelles’ GDP grew by about 2.8% in 2012, less than the previous year’s 5%. As a result of rising international food and oil prices, the rupee fell in value, causing inflation. Tourism revenues fell due to the continued financial crisis in Europe (the main tourist market). GDP is expected to rise slightly to 3.2% in 2013 and 4.3% in 2014.
  • Government economic policy has been consistent since the adoption of comprehensive reforms in 2009. The government maintained a fiscal policy in line with its objectives of reducing public debt and aims to attain primary fiscal surpluses of 6.7% of GDP in 2012 (above the budget target of 4.7%).


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





CAPTCHA


Key Facts

Flag:
Capital: Victoria
Area: 80,469 sq km
Total Population 2012: 90,000.0
Urban Population 2012: -
Female Population 2012: -
GDP: US$ 884.0 Million
GNI Per Capita 2012: US$ 11,130
Inflation Rate: 7.10%
Crude Birth Rate (per 1000): -
Human Development Index (rank / 187): 46
Human Development Index (scale 0 to 1): 0.806
Membership Date: 01/04/1977
Cumulative Approvals (1967-2012): UA 112.5 Million

Show more facts


Explore what we do

Select a country

Explore our
activities