This page has economic forecasts for Seychelles including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Seychelles economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.10 3.4 1.7 3.3 1.7 3.1 percent
Inflation Rate 3.43 3.5 3.8 4 4 4.4 percent
Interest Rate 12.38 12.5 12.25 12.5 12.5 11 percent
Balance of Trade -20.84 -40.39 -38.46 -37.05 -38.64 -37.76 USD Million
Government Debt to GDP 62.00 65 63 63 63 61 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 13.56
13.87 14.26 14.65 15.06 16.8
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 4.90
percent
6.8 6.6 6.6 6.3 6.2
GDP 1.49
USD Billion
1.5 1.6 1.6 1.6 1.6
GDP per capita 13997.08
USD
14400 14900 14900 14900 15500
GDP per capita PPP 26382.29
USD
26825 28176 28176 27003 27532
GDP Constant Prices 2306.70
SCR Million
2360 2388 2377 2396 2472
GDP From Agriculture 31.90
SCR Million
28.34 27.66 29.02 29.43 28.91
GDP From Construction 58.90
SCR Million
61.46 64.87 60.56 61.69 61.82
GDP From Public Administration 146.40
SCR Million
145 147 148 148 151
GDP From Transport 197.10
SCR Million
203 206 189 197 192
GDP From Utilities 22.90
SCR Million
22.84 22.77 22.82 22.79 22.8
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.10
percent
3.4 1.7 3.3 1.7 3.1
Population 0.10
Million
0.09 0.09 0.09 0.09 0.09
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 3.43
percent
3.5 3.8 4 4 4.4
Food Inflation -1.11
percent
3.4 3.3 2.95 2.5 2.8
Import Prices 101.17
Index Points
99.4 99.49 99.37 100 100
Inflation Rate Mom 0.22
percent
0.14 0.1 0.08 0.07 0.06
Producer Prices 89.02
Index Points
89.48 89.42 89.39 89.37 89.37
Producer Prices Change 4.77
percent
4.12 3.57 3.48 3.42 3.41
Export Prices 116.77
Index Points
120 122 121 123 123
Cpi Housing Utilities 117.71
Index Points
118 118 118 118 118
CPI Transportation 125.28
Index Points
110 129 131 130 120
Consumer Price Index Cpi 110.51
Index points
110 113 114 115 120
Core Consumer Prices 111.83
Index Points
112 112 112 112 112
Core Inflation Rate 2.05
percent
2.43 2.31 2.25 2.28 2.28
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 12.38
percent
12.5 12.25 12.5 12.5 11
Banks Balance Sheet 20702.99
SCR Million
20621 20613 20609 20609 20609
Deposit Interest Rate 3.61
percent
3.73 3.48 3.73 3.73 2.23
Money Supply M1 4973.30
SCR Million
5064 5139 5215 5291 5950
Money Supply M2 9784.70
SCR Million
9887 10002 10117 10231 11176
Money Supply M3 16520.50
SCR Million
16835 17123 17410 17694 20130
Central Bank Balance Sheet 9138.12
SCR Million
9229 9285 9338 9389 9777
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -20.84
USD Million
-40.39 -38.46 -37.05 -38.64 -37.76
Exports 77.99
USD Million
48.67 56.09 54.53 54.66 54.72
Imports 98.83
USD Million
92.27 94.55 91.58 93.3 92.48
Current Account -87.30
USD Million
-80.58 -63.7 -80.69 -67.13 -76.59
Current Account to GDP -20.00
percent
-15 -18 -18 -18 -16
Capital Flows -46.50
USD Million
-28.01 -20.61 -22.79 -21.24 -22.09
Terms Of Trade 115.42
Index Points
116 117 117 117 117
Tourist Arrivals 27458.00
29300 27900 28600 28400 28400
External Debt 5466.00
SCR Million
5481 5481 5481 5480 5479
Foreign Direct Investment 3.70
USD Million
3.04 8.84 17.02 18.55 17.47
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 62.00
percent
65 63 63 63 61
Government Budget -0.04
percent of GDP
-0.04 -0.04 -0.04 -0.04 -0.04
Government Revenues 2060.00
SCR Million
1999 1848 2039 1905 2022
Government Debt 12467.00
SCR Million
12474 12475 12475 12475 12475
Fiscal Expenditure 1757.00
SCR Million
2230 1881 1880 1732 2048
Military Expenditure 22.10
USD Million
21.89 21.9 21.91 21.93 21.93
Government Budget Value 303.00
SCR Million
-176 -32.46 158 173 -26.23
Government Spending 1857.00
SCR Million
2259 2318 2439 2431 1649
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 3195.70
KBps
3036 3045 3058 3045 3049
IP Addresses 21123.00
IP
24213 24311 24499 26048 26504
Industrial Production 17.00
percent
3.65 3.6 3.59 3.59 3.59
Industrial Production Mom -3.70
percent
8.73 1.69 2.73 1.78 2.17
Ease of Doing Business 96.00
93 95 96 97 95
Corruption Index 60.00
Points
60 60 60 60 60
Corruption Rank 36.00
36 36 36 36 36
Competitiveness Index 58.50
Points
59 59 59 59 61.5
Competitiveness Rank 74.00
74 74 74 74 74
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Private Sector Credit 6584.80
SCR Million
6909 7109 7231 7303 7409
Consumer Credit 1423.00
SCR Million
1480 1514 1548 1582 1885
Consumer Spending 2210.00
SCR Million
2772 2963 2526 2632 2684
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 33.00
percent
33 33 33 33 33
Personal Income Tax Rate 15.00
percent
15 15 15 15 15
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 26.95
celsius
26.45 26.98 27.61 27.61 27.39



Seychelles - Economic Forecasts - 2018-2020 Outlook