GFmag Online Readers Survey 2012
The Seychelles


The Seychelles Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in The Seychelles; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankCentral Bank of Seychelles
International ReservesUS$ 284.610 million (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 965 million (2009 estimate)
GDP (Purchasing Power Parity)2.157 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
4.3%-2.3%1.2%-5.9%-2.9%7.5%8.3%19.7%
2008200920102011*
-1.3%0.7%6.2%4%

*Estimate

GDP per capita - current pricesUS$ 10,971 (2009 estimate)
GDP per capita - PPP$24,537 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0%0%0%0%0%

**Forecast

GDP - composition by sector
  • agriculture: 1.9% 
  • industry: 18.7% 
  • services: 79.3% (2011 estimate)

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
37%(2008)31.9%-2.4%3.1%

*Estimate

Unemployment rate
2008200920102011*
1.7%5.1%4.6%(2009)4.1%

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
130.8%135.4%128.6%83%80.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-8.7%2.3%5%-0.3%1.9%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in The SeychellesN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -0.3 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-32.7% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

119.3% (2009)

(Data released on December 2010)

Shares in world total merchandising export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.01%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$464 million f.o.b. (2010 estimate)
Export commoditiescanned tuna, frozen fish, cinnamon bark, copra, petroleum products (reexports)
Total importsUS$952 million f.o.b. (2008 estimate)
Import commoditiesmachinery and equipment, foodstuffs, petroleum products, chemicals
Exports - major partnersUK 23.7%, France 19.8%, Mauritius 10%, Japan 8.3%, Italy 5.7%, Spain 5.1% (2007)
Imports - major partnersSaudi Arabia 17.6%, Germany 10.8%, France 8.1%, Spain 7.6%, South Africa 6.4%, Singapore 5.8% (2007)
FDI inflows
200820092010
US$179 millionUS$275 million(2009)US$369 million(2009)
FDI outflows
200820092010
US$13 millionUS$5 millionUS$6 million
Value of cross-border M&A, by country of purchaser
2008200920102011
US$66 millionN/A(2009)US$11 million(2009)US$0 million
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 95 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 109 out of 183 countries(2009)

Registering property: 62 out of 183 countries

Paying Taxes: 38 out of 183 countries

Getting credit: 152 out of 183 countries

Protecting investors: 59 out of 183 countries

Trading across border: 36 out of 183 countries

Enforcing Contracts: 69 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 142 Score: 51.2 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+4
Total area 455 km2 (2006)
CapitalVictoria (2009)
CurrencySeychelles rupees (SCR) (2009)
Government typerepublic (2009)
LanguagesCreole 91.8%, English 4.9% (official), other 3.1%, unspecified 0.2% (2002 census)
ReligionsRoman Catholic 82.3%, Anglican 6.4%, Seventh Day Adventist 1.1%, other Christian 3.4%, Hindu 2.1%, Muslim 1.1%, other non-Christian 1.5%, unspecified 1.5%, none 0.6% (2002 census)
Total population
1980199020002010*2015**
0.06 million0.07 million0.08 million0.09 million0.09 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
27.7%49.4%51%54.8%
Population median ageN/A
Population growth rate1.2% (2009)
Life expectancyN/A
Adult literacy92% (2000/2007)
% of population living on less than $2 a day<2% (2011)
Inequality of wealth distribution (Gini index)

65.8 (2007)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

161.39% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population41% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Victoria: 25th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

8.1356 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE