Seychelles recorded a Current Account deficit of 17.10 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Seychelles averaged -12.23 percent from 1976 until 2018, reaching an all time high of 6.44 percent in 1994 and a record low of -28.90 percent in 2007. This page provides - Seychelles Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Seychelles Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Seychelles is expected to reach -28.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Seychelles Current Account to GDP is projected to trend around -24.00 percent in 2021 and -20.00 percent in 2022, according to our econometric models.

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Seychelles Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-17.10 -20.00 6.44 -28.90 1976 - 2018 percent Yearly

Seychelles Trade Last Previous Highest Lowest Unit
Balance of Trade -14.15 -21.75 -2.91 -192.00 USD Million [+]
Current Account -106.80 -126.70 13.10 -375.00 USD Million [+]
Current Account to GDP -17.10 -20.00 6.44 -28.90 percent [+]
Imports 68.66 62.22 244.70 28.59 USD Million [+]
Exports 54.51 40.47 82.51 19.81 USD Million [+]
Capital Flows -59.90 -27.10 457.40 -104.20 USD Million [+]
Foreign Direct Investment 42.60 41.80 95.20 16.70 USD Million [+]
External Debt 8014.00 7915.00 8014.00 1865.02 SCR Million [+]
Terms Of Trade 112.90 112.95 116.00 94.05 points [+]
Tourist Arrivals 1575.00 2072.00 38910.00 22.00 [+]


Seychelles Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.