Seychelles Unemployment Rate
Unemployment as % of total labor force SL.UEM.TOTL.ZS
Seychelles's unemployment rate was 3.00% in 2024, ranked 42nd globally. This represents a 0.0% increase from 2023. Data from World Bank, covering 1995–2024.
Overview
Seychelles's unemployment rate stood at 3.00% in 2024, a rise of +0.00pp from 2023. The IMF projects 3.00% by 2025. Seychelles ranked 42nd globally.
Seychelles has demonstrated a notable improvement in its unemployment rate over the past three decades, with a significant drop from its all-time peak of 7.70% in 1995 to a trough of 1.72% in 2008, a decline of 6.98 percentage points. Since then, the unemployment rate has steadily increased, reaching a relatively low level of 3.00% in 2024. This current rate is comparable to that of Hong Kong SAR, China, which ranked 1st globally with a rate of 2.99%. Seychelles' unemployment rate has shown a consistent downward trend, indicating a strong labor market, although the recent slight increase may be a result of various economic factors. The country's small island economy is heavily reliant on tourism and international trade, which may be vulnerable to external shocks. A significant decrease in global economic uncertainty could potentially stabilize the unemployment rate and drive it further towards its historical trough.
Data & projection
| Year | Unemployment Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 3.00% | - | - |
| 2029* IMF | 3.00% | - | - |
| 2028* IMF | 3.00% | - | - |
| 2027* IMF | 3.00% | - | - |
| 2026* IMF | 3.00% | - | - |
| 2025* IMF | 3.00% | - | - |
| 2024 | 3.00% | +0.00pp | #42 |
| 2023 | 3.00% | +0.00pp | #41 |
| 2022 | 3.00% | +0.00pp | #37 |
| 2021 | 3.00% | +0.00pp | #26 |
| 2020 | 3.00% | +0.00pp | #30 |
| 2019 | 3.00% | +0.00pp | #35 |
| 2018 | 3.00% | +0.00pp | #34 |
| 2017 | 3.00% | +0.32pp | #30 |
| 2016 | 2.68% | +0.00pp | #26 |
| 2015 | 2.68% | −0.30pp | #30 |
| 2014 | 2.98% | −0.34pp | #33 |
| 2013 | 3.33% | −0.38pp | #37 |
| 2012 | 3.71% | −0.43pp | #45 |
| 2011 | 4.13% | −0.48pp | #57 |
| 2010 | 4.61% | −0.53pp | #62 |
Detected Pattern
Analysis
Seychelles matched the Orthodox Tightening Cycle pattern in 2009. Historically, 57% of countries showing this pattern (177 out of 311) saw unemployment rate improve within 24 months. View full analysis →
Frequently Asked Questions
Seychelles's unemployment rate was 3.00% in 2024. Ranked 42nd globally. This represents a 0.0% increase from the previous year.
Seychelles's unemployment rate peaked at 7.70% in 1995.
The lowest unemployment rate in Seychelles was 1.72% in 2008.
Seychelles ranks 42nd globally in unemployment rate as of 2024.
The World Bank indicator code is SL.UEM.TOTL.ZS. Data sourced from World Bank.
Seychelles's unemployment rate is projected to reach 3.00% by 2025 based on IMF projection.
The unemployment rate of Seychelles in 2024 was 3.00%. This ranks 42nd in the world.
Cite this page
@misc{historysaid_seychelles_unemployment-rate,
title = {Seychelles Unemployment Rate},
url = {https://historysaid.com/seychelles/unemployment-rate/},
publisher = {HistorySaid},
year = {2026}
}