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Seychelles

Seychelles : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$873.5 million (2011 est.)
$736.8 million (2010 est.)

Exports

$495.1 million (2011 est.)
$400.2 million (2010 est.)

Inflation rate (consumer prices)

2.6% (2011 est.)
-2.4% (2010 est.)

Unemployment rate

2% (2006 est.)

GDP - per capita (PPP)

$25,000 (2011 est.)
$24,100 (2010 est.)
$23,300 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

3.5% (2010 est.)
0.7% (2009 est.)
-1.3% (2008 est.)

Internet users

32,000 (2008)

Telephones - mobile cellular

117,600 (2009)

Population growth rate

0.922% (2012 est.)

Population

90,024 (July 2012 est.)

Historical background

A lengthy struggle between France and Great Britain for the islands ended in 1814, when they were ceded to the latter.

Independence came in 1976.

Socialist rule was brought to a close with a new constitution and free elections in 1993.

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Seychelles

Economic overview

Since independence in 1976, per capita output in this Indian Ocean archipelago has expanded to roughly seven times the pre-independence, near-subsistence level, moving the island into the upper-middle income group of countries.

Growth has been led by the tourist sector, which employs about 30% of the labor force and provides more than 70% of hard currency earnings, and by tuna fishing.

In recent years, the government has encouraged foreign investment to upgrade hotels and other services.

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The Economist Intelligence Unit

Country Risk Service Seychelles 3rd Quarter 2013

Country Risk Service Seychelles 3rd Quarter 2013

  • $ 595
  • Country report
  • September 2013
  • by The Economist Intelligence Unit

OVERVIEW The ruling People's Party (PP) took all but one of the seats in the May 2011 parliamentary election following an opposition boycott, and will remain firmly in charge. The Economist Intelligence ...

  • Countries : Seychelles

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