The Seychelles GDP composition in 2023 presents a significant reliance on the services sector, accounting for 41.76% of the GDP. The wholesale, retail trade, restaurants, and hotels sector follows, contributing 23.15%. Transport, storage, and communication stand at 20.5%, while mining, manufacturing, and utilities make up 9.83%. Construction and agriculture, hunting, forestry, and fishing represent 2.73% and 2.02%, respectively. Year-on-year variations over the last two years indicate a moderate growth trend in these sectors, with the five-year CAGR demonstrating steady increments, particularly in the services sector.
Looking forward, prospective trends emphasize continued growth in services driven by tourism and financial services. Diversification into transport and logistics is essential to bolster growth sustainability. Expanding utilities alongside technological advancements will further influence sectoral GDP contributions.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 41.76 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 23.15 | 2016 | |
| 3 | 3 Transport, storage and communication | 20.5 | 2016 | |
| 4 | 4 Mining, Manufacturing, Utilities | 9.83 | 2016 | |
| 5 | 5 Construction | 2.73 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 2.02 | 2016 |
