Home
→
Seychelles
Seychelles
HistorySaid – pattern
Seychelles matched the Orthodox Tightening Cycle pattern in 2009. 4 pattern matches detected historically. View →
HistorySaid – ranking
Seychelles ranks 17th globally by GDP ($2.2B in 2024). View →
HistorySaid – inflation
Inflation in Seychelles rose from -1.0% (2023) to 0.3% (2024) – a 1.3pp shift. View →
HistorySaid – population
Seychelles has a population of 121,354 as of 2024 (growth: 1.32%). View →
Economy & Growth
GDP $2.2B
GDP per Capita $17,859
GDP Growth 3.47%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 2.44% | 2.50% | 2.45% | 2.67% Trend | 2.77% Trend | 2.87% Trend | – | – | – |
| GDP | $2.0B | $2.2B | $2.2B | $2.2B IMF WEO Oct 2025 | $2.2B IMF WEO Oct 2025 | $2.3B IMF WEO Oct 2025 | $2.5B IMF WEO Oct 2025 | $2.6B IMF WEO Oct 2025 | $2.7B IMF WEO Oct 2025 |
| GDP Deflator | 1.57% | 4.09% | -0.74% | -0.60% Trend | -1.67% Trend | -2.73% Trend | – | – | – |
| GDP Growth | 12.71% | 2.26% | 3.47% | 3.90% IMF WEO Oct 2025 | 3.20% IMF WEO Oct 2025 | 3.37% IMF WEO Oct 2025 | 3.43% IMF WEO Oct 2025 | 3.46% IMF WEO Oct 2025 | 3.48% IMF WEO Oct 2025 |
| GDP PPP | $3.6B | $3.8B | $4.0B | $4.3B IMF WEO Oct 2025 | $4.5B IMF WEO Oct 2025 | $4.7B IMF WEO Oct 2025 | $5.0B IMF WEO Oct 2025 | $5.2B IMF WEO Oct 2025 | $5.5B IMF WEO Oct 2025 |
| GDP per Capita | $16,837 | $18,263 | $17,859 | $21,956 IMF WEO Oct 2025 | $21,940 IMF WEO Oct 2025 | $22,634 IMF WEO Oct 2025 | $23,523 IMF WEO Oct 2025 | $24,455 IMF WEO Oct 2025 | $25,435 IMF WEO Oct 2025 |
| GDP per Capita PPP | $29,973 | $31,781 | $33,239 | $42,110 IMF WEO Oct 2025 | $43,849 IMF WEO Oct 2025 | $45,680 IMF WEO Oct 2025 | $47,590 IMF WEO Oct 2025 | $49,657 IMF WEO Oct 2025 | $51,887 IMF WEO Oct 2025 |
| GNI | $2.0B | $2.1B | $2.1B | $2.5B Trend | $2.7B Trend | $2.9B Trend | – | – | – |
| GNI per Capita | $14,700 | $16,400 | $17,460 | $17,453 Trend | $18,010 Trend | $18,567 Trend | – | – | – |
| Gross Savings | 4.61% | 2.96% | -5.02% | 18.76% IMF WEO Oct 2025 | 18.34% IMF WEO Oct 2025 | 18.06% IMF WEO Oct 2025 | 17.67% IMF WEO Oct 2025 | 17.68% IMF WEO Oct 2025 | 18.08% IMF WEO Oct 2025 |
| Industry Value Added | 11.98% | 13.16% | 12.29% | 11.93% Trend | 11.67% Trend | 11.42% Trend | – | – | – |
| Services Value Added | 68.54% | 67.32% | 65.77% | 65.08% Trend | 63.92% Trend | 62.77% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 0.31%
Consumer Price Index 147.09
PPP Conversion Factor 7.81
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 148.16 | 146.63 | 147.09 | 153.57 Trend | 156.91 Trend | 160.25 Trend | – | – | – |
| Inflation Rate | 2.63% | -1.04% | 0.31% | 0.44% IMF WEO Oct 2025 | 1.09% IMF WEO Oct 2025 | 2.05% IMF WEO Oct 2025 | 2.46% IMF WEO Oct 2025 | 3.03% IMF WEO Oct 2025 | 3.00% IMF WEO Oct 2025 |
| PPP Conversion Factor | 8.02 | 8.06 | 7.81 | 7.84 Trend | 7.77 Trend | 7.70 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 121,354
Population Growth 1.31%
Population Density 260.4
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 13.0 | – | – | 11.2 Trend | 10.3 Trend | – | – |
| Death Rate | 7.3 | – | – | 7.6 Trend | 7.6 Trend | – | – |
| Dependency Ratio | 39.80 | 39.84 | – | 40.09 Trend | 40.24 Trend | 40.39 Trend | – |
| Fertility Rate | 2.02 | – | – | 1.84 Trend | 1.75 Trend | – | – |
| Life Expectancy | 75.0 | – | – | 74.0 Trend | 73.8 Trend | – | – |
| Net Migration | 1,809 | 1,747 | 1,590 | – | 1,494 Trend | 1,391 Trend | 1,288 Trend |
| Population | 119,773 | 121,354 | – | 131,635 Trend | 138,265 Trend | 144,895 Trend | – |
| Population Density | 260.4 | – | – | 289.7 Trend | 304.0 Trend | – | – |
| Population Growth | -0.09% | 1.31% | – | 0.67% Trend | 0.65% Trend | 0.63% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 45.10% | 45.29% | – | 45.58% Trend | 45.83% Trend | 46.08% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
▾
Government
Tax Revenue 22.08%
Government Spending 24.62%
Military Spending 1.18%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -0.76% | -1.15% | -0.69% | -2.10% IMF WEO Oct 2025 | -2.19% IMF WEO Oct 2025 | -1.44% IMF WEO Oct 2025 | -0.86% IMF WEO Oct 2025 | -0.31% IMF WEO Oct 2025 | -0.28% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 60.01% | 55.29% | 57.61% | 56.71% IMF WEO Oct 2025 | 58.38% IMF WEO Oct 2025 | 57.25% IMF WEO Oct 2025 | 53.97% IMF WEO Oct 2025 | 50.07% IMF WEO Oct 2025 | 46.63% IMF WEO Oct 2025 |
| Government Revenue | 30.54% | 31.72% | 33.08% | 34.21% IMF WEO Oct 2025 | 34.67% IMF WEO Oct 2025 | 34.70% IMF WEO Oct 2025 | 34.44% IMF WEO Oct 2025 | 34.41% IMF WEO Oct 2025 | 34.46% IMF WEO Oct 2025 |
| Government Spending | – | – | – | – | – | – | – | – | – |
| Health Spending | 4.40% | 4.48% | – | 4.44% Trend | 4.35% Trend | – | – | – | – |
| Military Spending | 1.14% | 1.49% | 1.18% | 1.12% Trend | 0.99% Trend | 0.85% Trend | – | – | – |
| Tax Revenue | – | – | – | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
▾
| Indicator | 2006 | 2007 | 2008 |
|---|---|---|---|
| Debt Service | – | – | – |
| Domestic Credit | – | – | – |
| External Debt | – | – | – |
| External Debt to GNI | – | – | – |
| Interest Payments to Revenue | 17.39% | 19.16% | 14.08% |
| Short-term Debt | – | – | – |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 9.81%
Deposit Rate 2.39%
Real Interest Rate 10.63%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | – | – | – | – | – | – |
| Deposit Rate | 1.67% | 1.90% | 2.39% | 1.53% Trend | 1.22% Trend | 0.92% Trend |
| Lending Rate | 9.10% | 9.53% | 9.81% | 8.87% Trend | 8.55% Trend | 8.23% Trend |
| M2 Money Supply Growth | 0.60% | 5.73% | 7.40% | -1.47% Trend | -4.35% Trend | -7.24% Trend |
| Non-Performing Loans | – | – | – | – | – | – |
| Real Interest Rate | 7.42% | 5.23% | 10.63% | 9.55% Trend | 10.37% Trend | 11.18% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 14.53
Foreign Reserves $773.7M
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 14.27 | 14.02 | 14.53 | 12.75 Trend | 11.84 Trend | 10.93 Trend |
| Foreign Reserves | $639.0M | $682.8M | $773.7M | $794.0M Trend | $834.8M Trend | $875.6M Trend |
| Real Effective Exchange Rate | – | – | – | – | – | – |
| Reserves in Months of Imports | 3.2 | 3.2 | 3.7 | 2.8 Trend | 2.5 Trend | 2.1 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $2.3B
Imports $2.4B
Trade Balance $-390.8M
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -7.02% | -7.07% | -8.11% | -6.62% IMF WEO Oct 2025 | -6.86% IMF WEO Oct 2025 | -7.64% IMF WEO Oct 2025 | -8.05% IMF WEO Oct 2025 | -8.08% IMF WEO Oct 2025 | -7.98% IMF WEO Oct 2025 |
| Exports | $2.2B | $2.4B | $2.3B | $2.8B Trend | $3.1B Trend | $3.4B Trend | – | – | – |
| FDI Inflows | 9.41% | 10.96% | 10.43% | 12.64% Trend | 13.91% Trend | 15.18% Trend | – | – | – |
| FDI Outflows | -1.81% | -1.81% | -1.63% | -0.67% Trend | -0.06% Trend | 0.54% Trend | – | – | – |
| Imports | $2.3B | $2.5B | $2.4B | $2.9B Trend | $3.2B Trend | $3.4B Trend | – | – | – |
| Remittances Received | $10.9M | $11.4M | $11.9M | $12.5M Trend | $13.1M Trend | $13.7M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $-193.4M | $-306.5M | $-390.8M | $-357.2M Trend | $-375.1M Trend | $-393.0M Trend | – | – | – |
| Trade Openness | 189.83% | 180.83% | 188.37% | 199.30% Trend | 205.99% Trend | 212.67% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 37.42%
Stock Turnover Ratio 0.32%
Listed Companies 23
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 7.43% | 7.63% | 7.42% | 7.34% Trend | 7.33% Trend | 7.31% Trend |
| Listed Companies | 46 | 24 | 23 | 19 Trend | 13 Trend | 8 Trend |
| Market Capitalization | 60.24% | 29.94% | 37.42% | 13.39% Trend | -1.98% Trend | -17.36% Trend |
| Stock Turnover Ratio | 0.65% | 2.00% | 0.32% | 1.04% Trend | 1.12% Trend | 1.20% Trend |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 0.76
Government Effectiveness 0.62
Regulatory Quality 0.21
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | 1.60 | 1.70 | 1.63 | 1.98 Trend | 2.11 Trend |
| Government Effectiveness | 0.90 | 0.66 | 0.62 | 0.69 Trend | 0.69 Trend |
| Political Stability | 0.74 | 0.76 | 0.76 | 0.83 Trend | 0.86 Trend |
| Regulatory Quality | 0.01 | 0.33 | 0.21 | 0.39 Trend | 0.45 Trend |
| Rule of Law | 0.30 | 0.46 | 0.43 | 0.57 Trend | 0.63 Trend |
| Voice and Accountability | 0.63 | 0.60 | 0.56 | 0.76 Trend | 0.82 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $766
Infant Mortality Rate 13.1
Maternal Mortality Ratio 42.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $630 | $707 | $766 | $777 Trend | $799 Trend |
| Hospital Beds | 2.74 | 2.68 | 2.63 | 2.50 Trend | 2.44 Trend |
| Infant Mortality Rate | 13.5 | 13.3 | 13.1 | 12.9 Trend | 12.8 Trend |
| Maternal Mortality Ratio | 74.00 | 89.00 | 42.00 | 71.20 Trend | 73.80 Trend |
| Physicians | 3.63 | 6.60 | – | 7.33 Trend | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 93.95%
Tertiary Enrollment 14.53%
Education Spending 4.45%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Education Spending | 3.66% | 4.45% | – | 4.65% Trend | 4.78% Trend | – |
| Literacy Rate | – | – | – | – | – | – |
| Primary Enrollment | 97.77% | 97.14% | 93.38% | 86.20% Trend | 80.80% Trend | 75.39% Trend |
| Tertiary Enrollment | 13.93% | 14.03% | 14.53% | 7.97% Trend | 4.21% Trend | 0.44% Trend |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 1.90%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 100.00% | 100.00% | 100.00% | 100.00% Trend | 100.00% Trend |
| Energy Use per Capita | – | – | – | – | – |
| Forest Area | 73.26% | 73.26% | 73.26% | 73.26% Trend | 73.26% Trend |
| Renewable Energy | 1.70% | 1.90% | – | 2.41% Trend | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 87.40%
Mobile Subscriptions 184.90
R&D Spending 0.20%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 25.04% | 0.04% | 0.09% | 3.45% Trend | 2.48% Trend | 1.51% Trend |
| Internet Users | 87.04% | 87.40% | – | 94.17% Trend | 96.55% Trend | – |
| Mobile Subscriptions | 163.43 | 184.90 | – | 183.58 Trend | 188.72 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 32.1
Poverty Rate 0.70%
Income Share Top 10% 23.90%
▾
| Indicator | 2006 | 2013 | 2018 |
|---|---|---|---|
| Gini Index | 42.8 | 46.8 | 32.1 |
| Income Share Bottom 10% | 2.40% | 1.90% | 2.60% |
| Income Share Top 10% | 33.70% | 39.90% | 23.90% |
| Poverty Rate | 0.60% | 1.60% | 0.70% |
Italic values are IMF World Economic Outlook projections.