Seychelles Economic Outlook

Overall economic performance has been remarkable, especially over the past decade, albeit with a few setbacks. The 5.9% real GDP growth in 2016 was driven primarily by tourism and fisheries. These sectors also contributed considerably to foreign exchange earnings, employment, and growth in auxiliary sectors. The medium-term growth outlook is favorable. GDP growth was estimated at 4% in 2017 and is projected to be 3.4% in 2018, resulting in a continued increase in real GDP per capita; the traditional tourism and fisheries sectors are expected to remain the main growth drivers. Inflation was –1% in 2016, due to lower than anticipated prices of oil and other imports, as well as tight monetary policy.

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Key Facts

Capital: Victoria
Area: 80,469 sq km
Total Population 2017: 100,000.0
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 1.9 Billion
GNI Per Capita 2015: US$ 14,760
Inflation Rate: 2.56%
Crude Birth Rate (per 1000): 16.00%
Human Development Index (rank / 188): 63
Human Development Index (scale 0 to 1): 0.782
Membership Date: 01/04/1977
Cumulative Approvals (1967-2016): UA 151.2 Million

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East Africa Regional Hub (RDGE)

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, Director General

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