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.

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Seychelles GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-01 10:00 AM Q1 14% 0% 4%
2022-09-30 10:00 AM Q2 4.7% 14% 12%
2022-12-30 10:00 AM Q3 4.7%


Related Last Previous Unit Reference
GDP Annual Growth Rate 4.70 14.00 percent Jun 2022
GDP from Utilities 171.40 168.40 SCR Million Jun 2022
GDP from Transport 317.60 259.30 SCR Million Jun 2022
GDP from Public Administration 567.10 585.70 SCR Million Jun 2022
GDP from Construction 226.20 219.60 SCR Million Jun 2022
GDP from Agriculture 138.30 120.10 SCR Million Jun 2022
GDP Constant Prices 5445.60 5511.20 SCR Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.70 14.00 19.00 -19.00 2000 - 2022 percent Quarterly
2014=100, NSA

News Stream
Seychelles Economy Loses Steam in Q2
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%).
2022-09-30
Seychelles GDP Growth Picks Up in Q1
The economy of Seychelles advanced by 14% year-on-year in the first quarter of 2022, after stalling in the previous three-month period. It was the fourth consecutive quarter of expansion and at a solid pace, mainly driven by accommodation & food services (126% vs 1% in Q34), amid the recovery in tourism demand; transportation & storage (268% vs 75%) and information & communication (35% vs 30%). At the same time, the agricultural sector rebounded significantly (66% vs -9%). On a quarterly basis, the GDP increased by just 0.1%.
2022-07-04
Seychelles GDP Expands 21.7% YoY in Q3
The economy of Seychelles advanced by 21.7% year-on-year in the third quarter of 2021, following a record 34% rise in the previous three-month period, amid the ongoing recovery from the Covid-19 crisis. Main positive contributions to the GDP growth came from accommodation & food services (261% vs 643% in Q2), which is a good indicator of the tourism sector; transportation & storage (306% vs 310%); wholesale and retail trade, repair of motor vehicles and motorcycles (64% vs 72%) and information & communication (42% vs 22%). On a quarterly basis, the economy rose 2.6%, mainly boosted by accommodation & food services (9.8%), as a result of an increase in tourist arrivals; transportation & storage (37.1%) due to an increase in air traffic and information & communication (15%).
2022-01-07