Seychelles

Republic of Seychelles

English, French, Creole Seychellois Rupee (SCR) Mixed: English common law, French civil law
AU, SADC, COMESA, AfCFTA, Commonwealth, WTO
Seychelles is Africa's smallest country by population (~100,000) but has the continent's highest GDP per capita ($17,500+) and HDI score (0.785). The economy is driven by high-end tourism, industrial fishing (one of the world's largest tuna processing facilities), and a growing offshore financial services sector. The Seychelles Securities Exchange (TROP-X) serves as a small but regulated market. The country has achieved near-universal electricity access and high internet penetration. Challenges include a small domestic market, vulnerability to global tourism cycles, climate change (sea level rise), and import dependence for food and fuel. The country actively promotes its Blue Economy strategy focused on sustainable ocean resources.

Snapshot

Population~0.1 MWorld Bank WDI
GDP (current USD)$2.2 BIMF WEO
GDP per Capita$17,500IMF WEO
GDP Growth4.00%IMF WEO
Inflation (y/y)~1.00%Central Bank / IMF
Policy Rate2.00%Central Bank
Internet Use~79.00%World Bank WDI
Electrification~100.00%World Bank WDI
CPI Score (Rank)52.0/100 (#48)Transparency Intl
HDI (Rank)0.785 (#74)UNDP HDR
MarketSeychelles Securities Exchange (TROP-X)

Focus Sectors

Tourism
Fisheries (tuna)
Financial Services (offshore)
Port Services
Telecoms
Real Estate
Renewable Energy

Regulations & Taxes

Corporate Income Tax25% standard (33% for specific activities)
VAT / Sales Tax15% standard
Data Notes: Population, GDP, and GDP per capita are latest IMF WEO / World Bank estimates. Inflation is year-over-year. Trade data from UN Comtrade/OEC (2023). Tax rates from PwC/KPMG country guides. CPI from Transparency International. HDI from UNDP Human Development Report.
Narrative last updated: April 8, 2026.