Economy - 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. At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, fishing, and small-scale manufacturing.In 2008, having depleted its foreign exchange reserves, Seychelles defaulted on interest payments due on a $230 million Eurobond, requested assistance from the International Monetary Fund (IMF), and immediately enacted a number of significant structural reforms, including liberalization of the exchange rate, reform of the public sector to include layoffs, and the selling of some state assets. In December 2013, the IMF declared that Seychelles had successfully transitioned to a market-based economy with full employment and a fiscal surplus. Seychelles grew at 4.3% in 2015 because of a strong tourist sector and expanding private sector credits; its fiscal surplus reached 4% of GDP.

GDP (purchasing power parity):
$2.533 billion (2015 est.) $2.448 billion (2014 est.) $2.369 billion (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 190
[see also: GDP country ranks ]

GDP (official exchange rate):
$1.375 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.5% (2015 est.) 3.3% (2014 est.) 6% (2013 est.)
country comparison to the world: 78
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$27,000 (2015 est.) $26,000 (2014 est.) $25,200 (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 67
[see also: GDP - per capita country ranks ]

Gross national saving:
18.6% of GDP (2015 est.) 16.3% of GDP (2014 est.) 26.5% of GDP (2013 est.)
country comparison to the world: 93
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 53.4%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 21.7%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 38.8%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.2%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 70.8%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -84.9% (2015 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 3%
[see also: Labor force - by occupation - agriculture country ranks ]
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 14.6%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 82.4% (2015 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
coconuts, cinnamon, vanilla, sweet potatoes, cassava (manioc, tapioca), copra, bananas; tuna

Industries:
fishing, tourism, beverages

Industrial production growth rate:
3.5% (2015 est.)
country comparison to the world: 70
[see also: Industrial production growth rate country ranks ]

Labor force:
39,560 (2006 est.)
country comparison to the world: 196
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 3%
[see also: Labor force - by occupation - agriculture country ranks ]
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 23%
[see also: Labor force - by occupation - industry country ranks ]
services: 74% (2006)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
3% (2014 est.) 3.3% (2013 est.)
country comparison to the world: 26
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 4.7%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 15.4% (2007)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $478.7 million
[see also: Budget revenues country ranks ]
expenditures: $448.8 million (2015 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
34.8% of GDP (2015 est.)
country comparison to the world: 62
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
2.2% of GDP (2015 est.)
country comparison to the world: 12
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
54.8% of GDP (2015 est.) 65.3% of GDP (2014 est.)
country comparison to the world: 69
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
3.8% (2015 est.) 1.4% (2014 est.)
country comparison to the world: 147
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
11.17% (31 December 2010)
country comparison to the world: 16
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
12.2% (31 December 2015 est.) 11.65% (31 December 2014 est.)
country comparison to the world: 65
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$467.8 million (31 December 2015 est.) $407.2 million (31 December 2014 est.)
country comparison to the world: 165
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$567.8 million (31 December 2014 est.) $529.3 million (31 December 2013 est.)
country comparison to the world: 178
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$476.2 million (31 December 2015 est.) $427.3 million (31 December 2014 est.)
country comparison to the world: 171
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$209 million (2015 est.) -$299 million (2014 est.)
country comparison to the world: 81
[see also: Current account balance country ranks ]

Exports:
$450.6 million (2015 est.) $538.9 million (2014 est.)
country comparison to the world: 176
[see also: Exports country ranks ]

Exports - commodities:
canned tuna, frozen fish, petroleum products (reexports)

Exports - partners:
France 24.8%, UK 18.6%, Italy 11.9%, Japan 9.2%, Mauritius 6.2%, Spain 4.2% (2014)

Imports:
$1.05 billion (2015 est.) $1.081 billion (2014 est.)
country comparison to the world: 177
[see also: Imports country ranks ]

Imports - commodities:
machinery and equipment, foodstuffs, petroleum products, chemicals, other manufactured goods

Imports - partners:
Saudi Arabia 23.6%, Spain 9.8%, France 5.2%, South Africa 4.6% (2014)

Reserves of foreign exchange and gold:
$549.8 million (31 December 2015 est.) $465 million (31 December 2014 est.)
country comparison to the world: 148
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$2.823 billion (31 December 2014 est.) $2.714 billion (31 December 2013 est.)
country comparison to the world: 145
[see also: Debt - external country ranks ]

Exchange rates:
Seychelles rupees (SCR) per US dollar - 13.37 (2015 est.) 12.75 (2014 est.) 12.75 (2013 est.) 13.7 (2012 est.) 12.38 (2011 est.)