Economy
Seychelles
Budget
revenues
$695.973 million (2023 est.)
expenditures
$728.171 million (2023 est.)
Exports
Exports 2021
$1.751 billion (2021 est.)
Exports 2022
$2.247 billion (2022 est.)
Exports 2023
$2.375 billion (2023 est.)
Imports
Imports 2021
$1.821 billion (2021 est.)
Imports 2022
$2.298 billion (2022 est.)
Imports 2023
$2.437 billion (2023 est.)
Industries
fishing, tourism, beverages
Public debt
Public debt 2017
63.6% of GDP (2017 est.)
Remittances
Remittances 2021
0.6% of GDP (2021 est.)
Remittances 2022
0.5% of GDP (2022 est.)
Remittances 2023
0.5% of GDP (2023 est.)
Exchange rates
Currency
Seychelles rupees (SCR) per US dollar -
Exchange rates 2020
17.617 (2020 est.)
Exchange rates 2021
16.921 (2021 est.)
Exchange rates 2022
14.273 (2022 est.)
Exchange rates 2023
14.018 (2023 est.)
Exchange rates 2024
14.53 (2024 est.)
Economic overview
high-income island economy in the Indian Ocean; tourism sector experiencing rapid growth; significant exporter of tuna; offshore financial center; environmentally vulnerable and engaged in measures to address ocean rise; recent discovery of offshore oil reserves; effective anticorruption initiatives
Exports - partners
France 20%, Mauritius 12%, UK 9%, Japan 8%, Italy 8% (2023)
Imports - partners
UAE 32%, Spain 10%, France 6%, South Africa 6%, India 6% (2023)
Real GDP per capita
Real GDP per capita 2022
$28,000 (2022 est.)
Real GDP per capita 2023
$28,600 (2023 est.)
Real GDP per capita 2024
$29,200 (2024 est.)
Real GDP growth rate
Real GDP growth rate 2022
12.7% (2022 est.)
Real GDP growth rate 2023
2.3% (2023 est.)
Real GDP growth rate 2024
3.5% (2024 est.)
Agricultural products
coconuts, vegetables, bananas, eggs, chicken, pork, fruits, tomatoes, tropical fruits, cassava (2023)
Exports - commodities
fish, scrap iron, animal meal, broadcasting equipment, ships (2023)
Imports - commodities
refined petroleum, fish, ships, cars, plastic products (2023)
Current account balance
Current account balance 2021
-$160.168 million (2021 est.)
Current account balance 2022
-$141.648 million (2022 est.)
Current account balance 2023
-$155.194 million (2023 est.)
Taxes and other revenues
26.18% (of GDP) (2020 est.)
GDP (official exchange rate)
$2.167 billion (2024 est.)
GDP - composition, by end use
household consumption
74.6% (2024 est.)
government consumption
26.3% (2024 est.)
investment in inventories
0% (2024 est.)
investment in fixed capital
17.2% (2024 est.)
exports of goods and services
85.2% (2024 est.)
imports of goods and services
-103.2% (2024 est.)
Population below poverty line
25.3% (2018 est.)
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2022
2.6% (2022 est.)
Inflation rate (consumer prices) 2023
-1% (2023 est.)
Inflation rate (consumer prices) 2024
0.3% (2024 est.)
Industrial production growth rate
-6.4% (2024 est.)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2022
$3.354 billion (2022 est.)
Real GDP (purchasing power parity) 2023
$3.43 billion (2023 est.)
Real GDP (purchasing power parity) 2024
$3.549 billion (2024 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2022
$638.961 million (2022 est.)
Reserves of foreign exchange and gold 2023
$682.794 million (2023 est.)
Reserves of foreign exchange and gold 2024
$773.678 million (2024 est.)
GDP - composition, by sector of origin
industry
12.3% (2024 est.)
services
65.8% (2024 est.)
agriculture
2.5% (2024 est.)
Household income or consumption by percentage share
lowest 10%
2.6% (2018 est.)
highest 10%
23.9% (2018 est.)
Gini Index coefficient - distribution of family income
Gini Index coefficient - distribution of family income 2018
32.1 (2018 est.)