Attribute | Value |
---|---|
Geography | |
Area | 455 km² |
Continent | Africa |
Land area | 455 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 491 km |
Mean elevation | Add |
Lowest point | 0 m |
Highest point | 905 m |
People | |
Population | 95,981 |
Official languages |
|
Religion | Roman Catholic |
Government | |
Long country name | Republic of Seychelles |
Short country name | Seychelles |
Long local name | Republic of Seychelles |
Short local name | Seychelles |
Former name | Add |
Government type | Presidential republic |
Capital | Victoria |
Economy | |
GDP (PPP) | 2,750,000,000 USD |
GDP (OER) | 1,498,000,000 USD |
GDP (real growth rate) | 5.3 % |
GDP - per capita (PPP) | 29,300 USD |
Gross national saving | 8.1 % of GDP |
Labor force | 47,210 |
Unemployment rate | 3 % |
Population below poverty line | 39.3 % |
Budget revenues | 593,400,000 USD |
Budget expenditures | 600,700,000 USD |
Military expenditures | 1.44 % of GDP |
Taxes and other revenues | 39.6 % of GDP |
Budget surplus or deficit | -0.5 % of GDP |
Public debt | 63.6 % of GDP |
Inflation rate | 2.9 % |
Central bank discount rate | 11.17 % |
Commercial bank prime lending rate | 12.24 % |
Stock of narrow money | 627,300,000 USD |
Stock of broad money | 627,300,000 USD |
Stock of domestic credit | 650,300,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -307,000,000 USD |
Exports | 564,800,000 USD |
Imports | 1,155,000,000 USD |
Reserves of foreign exchange and gold | 545,200,000 USD |
External debt | 2,559,000,000 USD |
National currency | Seychelles rupees |
National currency (code) | SCR |
National currency (symbol) | ₨ |
National currency rate to USD | 13.64 |
A lengthy struggle between France and Great Britain for the islands ended in 1814, when they were ceded to the latter. During colonial rule, a plantation-based economy developed that relied on imported labor, primarily from European colonies in Africa. Independence came in 1976. Following a coup d’etat in 1977, the country was a socialist one-party state until adopting a new constitution and holding free elections in 1993. President France-Albert RENE, who had served since 1977, was reelected in 2001, but stepped down in 2004. Vice President James Alix MICHEL took over the presidency and in 2006 was elected to a new five-year term; he was reelected in 2011 and again in 2015. In 2016, James MICHEL resigned and handed over the presidency to his vice-president, Danny FAURE.