The economy of Seychelles advanced 3.8 percent year-on-year in the third quarter of 2019, decelerating sharply from a 7.1 percent growth in the previous period. It was the weakest expansion since the third quarter 2018, hampered by food manufacturing (-22.9 percent vs 3.8 percent in Q2); agriculture (-6.1 percent vs 0.4 percent); construction (-1.2 percent vs 9.3 percent); accommodation & food services (-1.9 percent vs 2.6 percent) and public administration and defence; compulsory social security (-2.7 percent vs -2.5 percent). Conversely, stronger gains were recorded in fishing (39.8 percent vs 16.9 percent); professional, scientific and technical activities (23.2 percent vs 22.9 percent); arts, entertainment and recreation (14.1 percent vs 8.9 percent) and finance & insurance (6.9 percent vs 5.5).

GDP Annual Growth Rate in Seychelles averaged 4.27 percent from 2000 until 2019, reaching an all time high of 13.90 percent in the first quarter of 2007 and a record low of -7.30 percent in the first quarter of 2009. This page provides - Seychelles GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Seychelles is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Seychelles to stand at 5.10 in 12 months time. In the long-term, the Seychelles GDP Annual Growth Rate is projected to trend around 5.50 percent in 2021, according to our econometric models.

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Seychelles GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.80 7.10 13.90 -7.30 2000 - 2019 percent Quarterly

Seychelles GDP Annual Growth Rate
Seychelles is one of the most developed countries in Africa. The country is known for its upmarket tourism and offshore financial center. In recent years, to make the economy less dependent on tourism, Seychelles promoted the development of farming and fishing industries.