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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, 2025
GDP (current USD)$2.4 BWorld Bank, 2025
GDP per Capita$19,449World Bank, 2025
GDP Growth5.80%World Bank, 2025
Inflation (y/y)~0.30%World Bank, 2025
Policy Rate2.00%Central Bank
Internet Use~87.82%World Bank, 2024
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)

World Bank Indicators Compare with another country

GDP (current USD)$2.4 BWorld Bank, 2025
GDP growth (annual)5.80%World Bank, 2025
GDP per capita (USD)$19,449World Bank, 2025
Population, total122,730World Bank, 2025
FDI net inflows (USD)$226.1 MWorld Bank, 2024
Inflation (consumer prices)0.30%World Bank, 2025
Unemployment (% labour force)No value publishedWorld Bank, none for 2016 to 2025
Internet use (% of people)87.82%World Bank, 2024
Trade (% of GDP)172.29%World Bank, 2025

Country Facts

CapitalVictoria
RegionEast Africa
CurrencySeychellois Rupee (SCR)
FX RegimeFree float
Stock ExchangeSeychelles Securities Exchange (TROP-X)
Legal SystemMixed: English common law, French civil law
Time ZoneIndian/Mahe

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