Seychellois Creole, English, French, other 3.8, unspecified 1.4
Economic Overview
Key economic indicators for Seychelles
GDP:
$3.53 billion
GDP per Capita:
$29,500
GDP Growth:
3.16%
Inflation:
-1.04%
Unemployment:
3%
Public Debt:
63.6% of GDP
Credit Rating:
B+ (2020)
Political System
Governance structure of Seychelles
Government Type:
presidential republic
Head of State:
President Wavel RAMKALAWAN (since 26 October 2020)
Head of Government:
President Wavel RAMKALAWAN (since 26 October 2020)
Judiciary:
Seychelles Court of Appeal (consists of the court president and 4 justices); Supreme Court of Seychelles (consists of the chief justice and 9 puisne judges); Constitutional Court (consists of 3 Supreme Court judges)
Administrative Divisions:
27 administrative districts; Anse aux Pins, Anse Boileau, Anse Etoile, Anse Royale, Au Cap, Baie Lazare, Baie Sainte Anne, Beau Vallon, Bel Air, Bel Ombre, Cascade, Glacis, Grand Anse Mahe, Grand Anse Praslin, Ile Perseverance I, Ile Perseverance II, La Digue, La Riviere Anglaise, Les Mamelles, Mont Buxton, Mont Fleuri, Plaisance, Pointe Larue, Port Glaud, Roche Caiman, Saint Louis, Takamaka
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
685 Third Avenue, Suite 1107, 11th Floor, New York, NY 10017
Major Alliances and Organizations
AU
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
2.8% (2023 est.)
Industry
12% (2023 est.)
Services
68% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$2.375 billion
Imports:
$2.437 billion
Major Trading Partners
France 20
Mauritius 12
UK 9
Japan 8
Italy 8
Economic Outlook
Seychelles has a 3.16% GDP growth rate with -1.04% inflation. The economy is characterized by a strong agriculture sector.