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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 1st Quarter 2016

Country Risk Service Seychelles 1st Quarter 2016

  • $ 520
  • Country report
  • March 2016
  • by The Economist Intelligence Unit

NCAIS: 0 SIC: 0

  • Countries : Seychelles

Oxford Economics

Country Economic Forecasts > Seychelles

Country Economic Forecasts > Seychelles

  • $ 185
  • Country report
  • May 2016
  • by Oxford Economics

Over the period 2016-2020 the economy is expected to grow on average by 3.8%. This compares to average annual growth of 6.9% in the years 2011 to 2015. The current account deficit is forecast to be 9.0% ...

  • Countries : Seychelles

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