The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more

Seychelles

Seychelles Economic Outlook

Real GDP growth was an estimated 3.6% in 2018, down from 5.3% in 2017, due to rising international oil prices, a moratorium on construction, and uncertainty over the Eurozone, on which the country relies for its thriving tourist sector. The service sector— mainly tourism, finance, transport, and communications— led the growth, expanding by an estimated 5.4% in 2018, up from 5.3% in 2017. The primary fiscal deficit was an estimated 0.3% of GDP in 2018, up from a balanced budget in 2017, due mainly to increasing government spending and declining revenue. The country’s debt-to-GDP ratio has declined by almost two-thirds from 183% in 2011 to a relatively high 60% estimated for 2018. Authorities plan to reduce the ratio to less than 50% by 2021 through fiscal discipline coupled with an improved debt management strategy.

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Key Facts

Flag:
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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Location

seychelles

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Contacts

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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