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.
GDP Annual Growth Rate in Seychelles is expected to be 6.90 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 6.00 in 12 months time. In the long-term, the Seychelles GDP Annual Growth Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.