The total population in Seychelles was estimated at 0.1 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Seychelles had a population of 0.0 million people. The population of Seychelles represents less than 0.01 percent of the world´s total population which arguably means that one person in every 77519 people on the planet is a resident of Seychelles. This page provides - Seychelles Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Seychelles was worth 1.60 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Seychelles represents 0 percent of the world economy. GDP in Seychelles averaged 0.49 USD Billion from 1960 until 2019, reaching an all time high of 1.60 USD Billion in 2019 and a record low of 0.01 USD Billion in 1961. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Seychelles GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Seychelles expanded 3.80 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Seychelles averaged 4.27 percent from 2000 until 2019, reaching an all time high of 13.90 percent in the first quarter of 2007 and a record low of -7.30 percent in the first quarter of 2009. Seychelles is one of the most developed countries in Africa. The country is known for its upmarket tourism and offshore financial center. In recent years, to make the economy less dependent on tourism, Seychelles promoted the development of farming and fishing industries. This page provides - Seychelles GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Seychelles recorded a Government Budget surplus equal to 0.10 percent of the country's Gross Domestic Product in 2018. Government Budget in Seychelles averaged -2.43 percent of GDP from 1993 until 2018, reaching an all time high of 10.59 percent of GDP in 2003 and a record low of -14.96 percent of GDP in 1998. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Seychelles Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Seychelles recorded a government debt equivalent to 55 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Seychelles averaged 64.33 percent from 2003 until 2018, reaching an all time high of 87 percent in 2009 and a record low of 49 percent in 2010. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Seychelles Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Seychelles decreased to 28.90 USD Million in February from 42.50 USD Million in January of 2020. Exports in Seychelles averaged 40.97 USD Million from 2005 until 2020, reaching an all time high of 82.51 USD Million in March of 2019 and a record low of 21.53 USD Million in February of 2006. Seychelles exports are heavily dependent on the fishing industry (90 percent of total exports). As a result, main exported products are: tuna (50 percent of total exports), prawns and other fish. Seychelles’ main export partners are France and United Kingdom. Others include: Italy, South Africa, Japan and Germany. This page provides - Seychelles Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Seychelles decreased to 91.90 USD Million in February from 109.63 USD Million in January of 2020. Imports in Seychelles averaged 86.06 USD Million from 2005 until 2020, reaching an all time high of 244.70 USD Million in August of 2010 and a record low of 52.35 USD Million in July of 2015. Seychelles’ main imports are petroleum products (25 percent of total exports), machinery (24 percent) and manufactured goods (24 percent). Seychelles main import partner is Saudi Arabia, South Africa, France and Spain. This page provides - Seychelles Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Seychelles increased to 2521.60 SCR Million in the fourth quarter of 2019 from 2371 SCR Million in the third quarter of 2019. GDP Constant Prices in Seychelles averaged 1838.96 SCR Million from 2006 until 2019, reaching an all time high of 2521.60 SCR Million in the fourth quarter of 2019 and a record low of 1335 SCR Million in the first quarter of 2006. This page provides - Seychelles Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Construction in Seychelles increased to 76.20 SCR Million in the fourth quarter of 2019 from 62.50 SCR Million in the third quarter of 2019. GDP From Construction in Seychelles averaged 73.33 SCR Million from 2006 until 2019, reaching an all time high of 108.60 SCR Million in the fourth quarter of 2011 and a record low of 48.90 SCR Million in the first quarter of 2014. This page provides - Seychelles Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Public Administration in Seychelles increased to 187.60 SCR Million in the fourth quarter of 2019 from 151.20 SCR Million in the third quarter of 2019. GDP From Public Administration in Seychelles averaged 127.53 SCR Million from 2006 until 2019, reaching an all time high of 187.60 SCR Million in the fourth quarter of 2019 and a record low of 93.90 SCR Million in the third quarter of 2011. This page provides - Seychelles Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Transport in Seychelles increased to 230.40 SCR Million in the fourth quarter of 2019 from 202.80 SCR Million in the third quarter of 2019. GDP From Transport in Seychelles averaged 170.86 SCR Million from 2006 until 2019, reaching an all time high of 230.40 SCR Million in the fourth quarter of 2019 and a record low of 117.10 SCR Million in the first quarter of 2012. This page provides - Seychelles Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Utilities in Seychelles increased to 24.80 SCR Million in the fourth quarter of 2019 from 24.10 SCR Million in the third quarter of 2019. GDP From Utilities in Seychelles averaged 26.59 SCR Million from 2006 until 2019, reaching an all time high of 37.20 SCR Million in the first quarter of 2011 and a record low of 22.50 SCR Million in the third quarter of 2013. This page provides - Seychelles Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Seychelles increased 0.01 percent in March of 2020 over the previous month. Inflation Rate Mom in Seychelles averaged 0.58 percent from 2007 until 2020, reaching an all time high of 24.13 percent in November of 2008 and a record low of -2.33 percent in March of 2010. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Seychelles Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Seychelles increased 0.78 percent in March of 2020 over the same month in the previous year. Food Inflation in Seychelles averaged 8.02 percent from 2007 until 2020, reaching an all time high of 74.32 percent in December of 2008 and a record low of -11.41 percent in March of 2010. This page provides - Seychelles Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core Consumer Prices in Seychelles increased to 114.39 points in March from 114.35 points in February of 2020. Core Consumer Prices in Seychelles averaged 110.05 points from 2015 until 2020, reaching an all time high of 114.39 points in March of 2020 and a record low of 106.45 points in May of 2016. This page provides - Seychelles Core Consumer Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Seychelles increased 1.22 percent in March of 2020 over the same month in the previous year. Core Inflation Rate in Seychelles averaged 1.60 percent from 2016 until 2020, reaching an all time high of 3.99 percent in March of 2018 and a record low of -0.59 percent in June of 2016. This page provides - Seychelles Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

External Debt in Seychelles increased to 5864 SCR Million in December from 5842 SCR Million in November of 2019. External Debt in Seychelles averaged 5254.63 SCR Million from 2011 until 2019, reaching an all time high of 6529 SCR Million in October of 2014 and a record low of 1865.02 SCR Million in September of 2011. This page provides - Seychelles External Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourist Arrivals in Seychelles decreased to 18067 in March from 38114 in February of 2020. Tourist Arrivals in Seychelles averaged 17224.21 from 2000 until 2020, reaching an all time high of 38910 in December of 2019 and a record low of 7483 in June of 2004. This page provides - Seychelles Tourist Arrivals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Seychelles recorded a government budget surplus of 214 SCR Million in the fourth quarter of 2019. Government Budget Value in Seychelles averaged 49.10 SCR Million from 2011 until 2019, reaching an all time high of 317.70 SCR Million in the first quarter of 2011 and a record low of -390 SCR Million in the fourth quarter of 2017. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Seychelles Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in Seychelles increased to 12455 SCR Million in December from 12370 SCR Million in November of 2019. Government Debt in Seychelles averaged 11434.44 SCR Million from 2011 until 2019, reaching an all time high of 12750 SCR Million in October of 2018 and a record low of 8619 SCR Million in October of 2013. This page provides - Seychelles Public Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Seychelles increased to 25143.25 SCR Million in February from 24897.43 SCR Million in January of 2020. Banks Balance Sheet in Seychelles averaged 12904.69 SCR Million from 2001 until 2020, reaching an all time high of 25143.25 SCR Million in February of 2020 and a record low of 4818.90 SCR Million in December of 2001. This page provides - Seychelles Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Seychelles recorded a trade deficit of 67.10 USD Million in January of 2020. Balance of Trade in Seychelles averaged -45.03 USD Million from 2005 until 2020, reaching an all time high of -2.91 USD Million in September of 2018 and a record low of -192 USD Million in August of 2010. Seychelles’ fishing industry accounts for over 90 percent of total exports. However, lack of mineral resources makes the country reliant on the import of petroleum products. Seychelles’ main trading partners are: France, United Kingdom and Saudi Arabia. This page provides - Seychelles Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Seychelles was recorded at 0.08 percent in April of 2020. Inflation Rate in Seychelles averaged 7.04 percent from 2003 until 2020, reaching an all time high of 63.25 percent in December of 2008 and a record low of -5.54 percent in March of 2010. In Seychelles, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page provides - Seychelles Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Seychelles decreased to 111.76 points in April from 112.45 points in March of 2020. Consumer Price Index Cpi in Seychelles averaged 93.26 points from 2007 until 2020, reaching an all time high of 112.50 points in January of 2020 and a record low of 46.41 points in January of 2007. This page provides - Seychelles Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Seychelles decreased to 112.53 points in April from 115.42 points in March of 2020. Cpi Housing Utilities in Seychelles averaged 91.34 points from 2007 until 2020, reaching an all time high of 118.48 points in December of 2019 and a record low of 44.14 points in February of 2007. This page provides - Seychelles Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Seychelles decreased to 123.84 points in April of 2020 from 125.91 points in March of 2020. CPI Transportation in Seychelles averaged 96.71 points from 2007 until 2020, reaching an all time high of 131.18 points in January of 2017 and a record low of 41.51 points in February of 2007. This page provides - Seychelles Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Fitch's credit rating for Seychelles was last reported at B+ with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Seychelles thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Seychelles as reported by major credit rating agencies.

Seychelles recorded 11 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). Seychelles did not report any Coronavirus Deaths so far. This page includes a chart with historical data for Seychelles Coronavirus Cases.

Seychelles did not report any Coronavirus Deaths so far, according to the World Health Organization (WHO). This page includes a chart with historical data for Seychelles Coronavirus Deaths.

Seychelles recorded 8 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). Seychelles did not report any Coronavirus Deaths so far. This page includes a chart with historical data for Seychelles Coronavirus Recovered.

Foreign Exchange Reserves in Seychelles decreased to 591.26 USD Million in March from 592.09 USD Million in February of 2020. Foreign Exchange Reserves in Seychelles averaged 170.03 USD Million from 1989 until 2020, reaching an all time high of 592.09 USD Million in February of 2020 and a record low of 1.06 USD Million in August of 1992. This page provides - Seychelles Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in Seychelles stands at 15 percent. In Seychelles, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Seychelles. This page provides - Seychelles Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Seychelles recorded a Current Account deficit of 51.60 USD Million in the fourth quarter of 2019. Current Account in Seychelles averaged -71.22 USD Million from 2005 until 2019, reaching an all time high of 13.10 USD Million in the first quarter of 2007 and a record low of -375 USD Million in the second quarter of 2006. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Seychelles Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Seychelles increased to 2652 SCR Million in the fourth quarter of 2019 from 2064 SCR Million in the third quarter of 2019. Government Revenues in Seychelles averaged 1620.09 SCR Million from 2011 until 2019, reaching an all time high of 2655 SCR Million in the fourth quarter of 2018 and a record low of 442 SCR Million in the first quarter of 2016. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Seychelles Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Seychelles recorded a Current Account deficit of 17.10 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Seychelles averaged -12.23 percent from 1976 until 2018, reaching an all time high of 6.44 percent in 1994 and a record low of -28.90 percent in 2007. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Seychelles Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Fiscal Expenditure in Seychelles increased to 2438 SCR Million in the fourth quarter of 2019 from 2216 SCR Million in the third quarter of 2019. Fiscal Expenditure in Seychelles averaged 1573.29 SCR Million from 2011 until 2019, reaching an all time high of 2775 SCR Million in the fourth quarter of 2018 and a record low of 405 SCR Million in the first quarter of 2016. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - Seychelles Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Central Bank Balance Sheet in Seychelles increased to 9778.23 SCR Million in February from 9715.26 SCR Million in January of 2020. Central Bank Balance Sheet in Seychelles averaged 4772.33 SCR Million from 2001 until 2020, reaching an all time high of 9778.23 SCR Million in February of 2020 and a record low of 989.49 SCR Million in July of 2002. This page provides - Seychelles Central Bank Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Seychelles was last recorded at 12.31 percent. Interest Rate in Seychelles averaged 10.07 percent from 2011 until 2020, reaching an all time high of 12.87 percent in April of 2019 and a record low of 2.81 percent in March of 2011. The Central Bank of Seychelles does not define a benchmark interest rate. Until September of 2013, the interest rate was the interbank loan rate. From October of 2013, the interest rate is the average prime lending rate. This page provides the latest reported value for - Seychelles Average Prime Lending Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

High Commission of India,Victoria
Le Chantier, P.O. Box No. 488,
Victoria (Mahe),
Republic of Seychelles.

Telephone: 00-248-610301 to 304
Fax: 00-248-610308
E-Mail: hc.mahe@mea.gov.in (HC), attadm@seychelles.net (Attache Admn & Cons), hoc.mahe@mea.gov.in (General), cons.mahe@mea.gov.in (Consular), accounts.mahe@email.sc (Accounts)
Website: www.seychelles.net/hicomind

High Commissioner
Thanglura Darlong
First Secretary & HOC
Charan Jeet Lal