Seychelles - Economic Forecasts - 2018-2020 Outlook

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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.10 3.4 3.4 1.7 3.3 3.1 percent
Inflation Rate 2.78 3.2 3.5 3.8 4 4.4 percent
Interest Rate 12.46 12.5 12.5 12.25 12.5 11 percent
Balance of Trade -31.10 -33.75 -18.4 -26.81 -17.83 -21.06 USD Million
Government Debt to GDP 62.00 65 65 63 63 61 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 13.50
 13.93 14.35 14.79 15.24 17.18
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.60
percent		 5.2 6.1 5.9 6.1 5.6
GDP 1.49
USD Billion		 1.5 1.5 1.6 1.6 1.6
GDP per capita 13997.08
USD		 14400 14400 14900 14900 15500
GDP per capita PPP 26382.29
USD		 26650 26825 28176 28176 27532
Gdp Constant Prices 2323.60
SCR Million		 2352 2371 2399 2395 2500
Gdp From Agriculture 27.90
SCR Million		 27.02 26.62 27.05 27.15 27.04
Gdp From Construction 72.90
SCR Million		 67.14 67.05 69.37 67.57 67.94
Gdp From Public Administration 140.50
SCR Million		 138 139 140 140 141
Gdp From Transport 228.20
SCR Million		 237 229 232 235 233
Gdp From Utilities 22.70
SCR Million		 22.6 22.69 22.64 22.69 22.67
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.10
percent		 3.4 3.4 1.7 3.3 3.1
Population 0.10
Million		 0.09 0.09 0.09 0.09 0.09
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.78
percent		 3.2 3.5 3.8 4 4.4
Food Inflation -1.66
percent		 3.2 3.4 3.3 2.95 2.8
Import Prices 100.49
Index Points		 100 99.32 99.57 99.7 100
Inflation Rate Mom -0.20
percent		 0.2 0.3 0.3 0.3 0.3
Producer Prices 92.48
Index Points		 93.36 93.84 93.74 93.8 93.78
Producer Prices Change 9.40
percent		 9.3 10.29 9.77 10.1 10.01
Export Prices 115.34
Index Points		 119 118 120 119 119
Cpi Housing Utilities 113.50
Index Points		 114 113 113 113 113
CPI Transportation 125.64
Index Points		 109 110 129 131 120
Consumer Price Index Cpi 110.07
Index points		 110 110 113 114 120
Core Consumer Prices 111.91
Index Points		 112 112 112 112 112
Core Inflation Rate 1.82
percent		 2.18 2.58 2.4 2.35 2.39
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 12.46
percent		 12.5 12.5 12.25 12.5 11
Banks Balance Sheet 20920.96
SCR Million		 21111 21135 21136 21136 21137
Deposit Interest Rate 3.61
percent		 3.66 3.66 3.41 3.66 2.16
Money Supply M1 5033.20
SCR Million		 5100 5183 5267 5351 6164
Money Supply M2 9840.90
SCR Million		 9882 9908 9922 9929 9934
Money Supply M3 16416.30
SCR Million		 16619 16926 17224 17519 20318
Central Bank Balance Sheet 9351.86
SCR Million		 9484 9587 9687 9785 10644
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -31.10
USD Million		 -33.75 -18.4 -26.81 -17.83 -21.06
Exports 48.20
USD Million		 48 46.45 45.88 46.26 46.13
Imports 79.30
USD Million		 81.75 64.2 72.69 64.09 67.19
Current Account -61.10
USD Million		 -62.33 -79.37 -62.19 -78.99 -74.78
Current Account to GDP -20.00
percent		 -15 -15 -18 -18 -16
Capital Flows -23.80
USD Million		 -17.7 -19.76 -18.11 -19.16 -19.31
Terms Of Trade 114.78
Index Points		 116 117 117 117 118
Tourist Arrivals 0.00
 30100 28700 28600 28900 28800
External Debt 5489.00
SCR Million		 5489 5490 5490 5491 5497
Foreign Direct Investment 44.30
USD Million		 52.7 46.91 46.77 47.16 46.35
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 62.00
percent		 65 65 63 63 61
Government Budget -0.04
percent of GDP		 -0.02 -0.2 -0.06 0.08 0.22
Government Revenues 2060.00
SCR Million		 1948 1999 1848 2039 2022
Government Debt 12393.00
SCR Million		 12405 12405 12405 12405 12405
Fiscal Expenditure 1757.00
SCR Million		 1720 2230 1881 1880 2048
Military Expenditure 22.10
USD Million		 21.66 21.89 21.9 21.91 21.93
Government Budget Value 303.00
SCR Million		 228 -176 -32.46 158 -26.23
Government Spending 1341.00
SCR Million		 1392 1491 1558 1590 1908
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 3195.70
KBps		 3064 3036 3045 3058 3049
IP Addresses 21123.00
IP		 24489 24213 24311 24499 26504
Industrial Production 8.30
percent		 0.96 2.27 2.33 2.33 2.33
Industrial Production Mom 38.80
percent		 -4.28 8.61 1.48 2.66 2.02
Ease of Doing Business 95.00
 80 75 78 81 89
Corruption Index 60.00
Points		 60 60 60 60 60
Corruption Rank 36.00
 35 34 34 35 35
Competitiveness Index 3.80
Points		 3.85 3.85 3.84 3.83 3.88
Competitiveness Rank 107.00
 108 108 112 113 125
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Private Sector Credit 6209.00
SCR Million		 6296 6350 6380 6398 6420
Consumer Credit 1416.00
SCR Million		 1452 1487 1522 1556 1901
Consumer Spending 3222.00
SCR Million		 3126 3170 3300 3304 3703
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 26.95
celsius		 26.25 26.45 26.98 27.61 27.39