The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

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