The economy of Seychelles advanced by 4.7% year-on-year in the second quarter of 2022, decelerating from a 14% rise in the previous three-month period, partly due to fading low base-year effects. Output growth slowed mostly for transport & storage (82% vs 266% in Q1); accommodation & food services (16% vs 126%); administrative & support services (48% vs 695%) and agriculture (57% vs 66%). Additionally, declines were seen in fishing activities (-27% vs -38%), real estate (-36% vs -28%), professional, scientific and technical activities (-43% vs -11%) and the manufacture of fishery products (-26% vs -22%), other food (-17% vs 8%) and beverages & tobacco (-10% vs 30%). source: National Bureau of Statistics, Seychelles
GDP Annual Growth Rate in Seychelles averaged 3.34 percent from 2000 until 2022, reaching an all time high of 19 percent in the second quarter of 2021 and a record low of -19 percent in the second quarter of 2020. This page provides - Seychelles GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Seychelles GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
GDP Annual Growth Rate in Seychelles is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Seychelles GDP Annual Growth Rate is projected to trend around 5.90 percent in 2023 and 5.70 percent in 2024, according to our econometric models.