Seychelles

• 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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