Seychelles

Description of Seychelles

As a geopolitical and macroeconomic analyst, I offer unique insight into Seychelles, a country of great strategic importance in the Indian Ocean. Known for its stunning beaches, vibrant marine life, and unique biodiversity, Seychelles is not only a popular tourist destination but also a nation with a growing economy and potential for strategic partnerships. By delving into macroeconomic statistics and geopolitical dynamics, we can uncover the opportunities and challenges facing Seychelles in its development trajectory and its relationships with other countries in the region.

Population And Age Structure

Population, total: Seychelles has a population of 98,462, which is significantly below the average population of 40,097,746. Seychelles ranks 182 out of 194 countries in total population.

Population ages 0-14 (% of total population): Seychelles has 23.24% of its population in the 0-14 age group, slightly below the average of 27.34%. This ranks Seychelles 113 out of 194 countries.

Population ages 0-14, total: The total number of individuals in Seychelles aged 0-14 is 22,881, much lower than the average of 10,327,379. Seychelles ranks 181 out of 194 countries in this category.

Population ages 15-64 (% of total population): Seychelles has 69.12% of its population in the 15-64 age group, above the global average of 63.44%. This places Seychelles at the 32nd position out of 194 countries.

Population ages 15-64, total: The total number of individuals in Seychelles aged 15-64 is 68,061, significantly lower than the average of 26,003,407. Seychelles ranks 181 out of 194 countries in this demographic.

Population ages 65 and above (% of total population): Seychelles has 7.64% of its population aged 65 and above, below the average of 9.22%. This places Seychelles at the 88th position out of 194 countries.

Population ages 65 and above, total: The total number of individuals in Seychelles aged 65 and above is 7,521, much lower than the average of 3,766,959. Seychelles ranks 182 out of 194 countries in this age group.

Summary

Seychelles has a relatively small total population compared to the global average, with a significant majority falling in the 15-64 age group. The country has lower proportions of both young and elderly populations compared to the world average. These demographic indicators are crucial as they offer insights into Seychelles' workforce composition, potential social welfare needs, and future economic dependency ratios.

Population Miscellaneous

- Seychelles has a rural population of 41,801, significantly below the average of 18,044,041. Seychelles ranks 178 out of 190 countries for this attribute.
- The rural population (% of total population) in Seychelles is 42.454, slightly above the average of 41.158. Seychelles ranks 88 out of 190 countries in this category.
- Seychelles' urban population is 56,661, well below the average of 22,425,747. This places Seychelles at the 176th position out of 194 countries.
- The urban population (% of total population) in Seychelles is 57.546, lower than the average of 59.691. Seychelles ranks 107 out of 194 countries for this metric.
- Seychelles has an age dependency ratio (% of working-age population) of 44.67, below the average of 59.22. Seychelles ranks 163 out of 194 countries for this attribute.
- The crude birth rate in Seychelles is 15.8 per 1,000 people, lower than the average of 19.38. Seychelles holds the 103rd position out of 192 countries in this category.
- Seychelles has a crude death rate of 6.8 per 1,000 people, slightly below the average of 8.21. Seychelles ranks 125 out of 192 countries for this metric.
- The total fertility rate in Seychelles is 2.29 births per woman, lower than the average of 2.60. Seychelles ranks 90 out of 190 countries for this attribute.

Summary

Seychelles has a relatively small rural population and a higher urban population compared to global averages. The country also maintains a lower age dependency ratio, crude birth rate, crude death rate, and total fertility rate in comparison to the worldwide averages. These statistics are crucial as they indicate Seychelles' demographic makeup, which can impact factors such as workforce availability, healthcare needs, and overall population sustainability.

Military

Regarding Military expenditure (current USD), Seychelles spends $19,413,071.36 annually. This amount is significantly below the average expenditure of $12,904,993,617.17. Seychelles ranks 144 out of 149 countries in this data set.

Looking at Military expenditure (% of GDP), Seychelles allocates 1.57% of its GDP to military expenses. This percentage is below the average expenditure of 1.90% of GDP. Seychelles holds the 75th position out of 148 countries in this dataset.

Summary

Seychelles has a relatively low annual military expenditure compared to the average expenditure globally, ranking 144th out of 149 countries. Additionally, Seychelles allocates a lower percentage of its GDP towards military expenses compared to the global average, securing the 75th position out of 148 countries in this dataset.

These findings are important as they indicate that Seychelles prioritizes other areas of development over heavy military spending. This strategic allocation of resources reflects Seychelles' focus on economic growth and social welfare, potentially enhancing its stability and competitiveness in the global arena.

Natural Resources

Analysis of Key Geographical Attributes for Seychelles:

Summary

Seychelles stands out for its limited forest area, land area, surface area, and arable land compared to global averages, placing it in lower rankings among countries. However, it receives above-average precipitation, ranking higher in this aspect. These indicators are crucial for Seychelles' environmental sustainability, agricultural productivity, and overall land use management. The country's ability to efficiently use its limited land resources while maintaining its forests and maximizing agricultural output will be essential for its economic development and ecological preservation.

Resource Rents

Total natural resources rents (% of GDP): Seychelles' value for this attribute is significantly below the average of 4.63%. With a value of 0.13%, Seychelles ranks 145th out of 175 countries in the dataset.

Forest rents (% of GDP): Seychelles' value for this attribute is also below the average of 1.53%. At 0.13%, it ranks 111th out of 174 countries in the dataset for this metric.

Summary

Seychelles demonstrates a notably low reliance on natural resources, with total natural resources rents accounting for only 0.13% of its GDP, placing it 145th out of 175 countries. Additionally, its forest rents are also below average at 0.13%, ranking 111th out of 174 countries. These statistics indicate that Seychelles may have a limited resource-based economy, potentially relying more on other sectors for economic development.

Commodities

For Capture fisheries production, Seychelles had a production of 139,647.59 metric tons. This is below the attribute average of 467,453.06 metric tons. Seychelles ranks 69th out of 190 countries in this category.

Regarding Total fisheries production, Seychelles produced 139,647.59 metric tons, also falling below the attribute average of 1,153,914.85 metric tons. Seychelles holds the 74th position out of 182 countries for this metric.

In terms of Fertilizer consumption, Seychelles had a consumption of 542.47 kilograms per hectare of arable land, exceeding the attribute average of 159.04 kilograms. Seychelles ranks 9th out of 187 countries in this aspect.

Summary

Seychelles falls below the attribute average in both Capture fisheries production and Total fisheries production, ranking 69th and 74th respectively out of a large number of countries. However, in Fertilizer consumption, Seychelles surpasses the attribute average, ranking impressively 9th out of 187 countries. These statistics are crucial as they reveal Seychelles' strengths and weaknesses in important economic sectors, highlighting areas where the country may need to focus on improving competitiveness and sustainability.

Intellectual Property

Industrial design applications, nonresident, by count: Seychelles has a value of 8, which is significantly below the attribute average of 1415.83. Seychelles ranks 102 out of 112 countries in this dataset.

Patent applications, nonresidents: Seychelles has 9 applications, well below the attribute average of 6538.40. Seychelles ranks 100 out of 129 countries for this attribute.

Patent applications, residents: Seychelles has 3 applications, far below the attribute average of 19037.56. Seychelles ranks 112 out of 117 countries in this dataset.

Trademark applications, nonresident, by count: Seychelles with 468 applications is significantly below the attribute average of 15878.93. Seychelles ranks 118 out of 130 countries for this attribute.

Trademark applications, resident, by count: Seychelles with 84 applications is well below the attribute average of 111055.78. Seychelles ranks 119 out of 129 countries in this dataset.

Scientific and technical journal articles: Seychelles with 32.82 articles is significantly below the attribute average of 15103.76. Seychelles ranks 156 out of 192 countries for this attribute.

Charges for the use of intellectual property, payments (BoP, current US$): Seychelles incurs $1,982,431.31 in charges, significantly below the attribute average of $3,218,494,349.39. Seychelles ranks 124 out of 143 countries in this dataset.

Charges for the use of intellectual property, receipts (BoP, current US$): Seychelles earns $1,375,295.64 in charges, significantly below the attribute average of $3,191,687,117.58. Seychelles ranks 85 out of 122 countries for this attribute.

Summary

Seychelles shows significantly lower values in key macroeconomic indicators such as industrial design applications, patent applications for both residents and nonresidents, trademark applications, scientific and technical journal articles, as well as charges for the use of intellectual property compared to global averages. These low rankings indicate limited innovation, R&D, and intellectual property utilization within Seychelles, which could hinder its competitiveness, economic diversification, and long-term growth potential.

Broad Economy Attributes

Analysis of key statistics for Seychelles:

1. GDP (current US$): Seychelles' GDP is $1,183,515,314.03, which is significantly below the average GDP of $442,870,224,838.68. Seychelles ranks 176th out of 189 countries in this attribute.

2. GDP, PPP (current international $): With a GDP of $2,776,704,045.88, Seychelles falls well below the average GDP of $734,141,122,350.78. Seychelles ranks 164th out of 181 countries for this attribute.

3. GDP per capita (current US$): Seychelles' GDP per capita is $12,020.02, lower than the average of $15,462.11. Seychelles ranks 62nd out of 190 countries in this category.

4. GDP per capita, PPP (current international $): The GDP per capita of Seychelles is $28,200.77, above the average of $21,251.89. Seychelles ranks 50th out of 181 countries for this indicator.

5. GNI (current US$): Seychelles has a GNI of $1,115,979,236.78 which is notably lower than the average of $452,040,815,370.70. Seychelles ranks 173rd out of 185 countries for this attribute.

6. GNI, PPP (current international $): Seychelles' GNI is $2,618,254,301.52, significantly below the average GNI of $730,698,223,823.47. Seychelles ranks 165th out of 181 countries in this category.

7. GNI per capita, PPP (current international $): The GNI per capita for Seychelles is $26,590, higher than the average of $20,615.75. Seychelles ranks 52nd out of 181 countries for this statistic.

Summary

Despite Seychelles having a relatively small economy compared to the global average, it maintains higher GDP and GNI per capita figures than the average, indicating a decent standard of living for its citizens. However, Seychelles still lags behind in overall GDP and GNI figures, reflecting the challenges it faces in achieving significant economic growth and development on a broader scale.

These statistics are crucial as they provide insights into Seychelles' economic performance, its citizens' purchasing power, and the country's overall economic stability. Understanding these figures can help policymakers, investors, and international organizations gauge Seychelles' economic health and make informed decisions regarding investments, aid, and economic partnerships with the country.

Broad Value Added

- Gross value added at basic prices (GVA) (current US$): Seychelles' value is $983,604,048.93, which is significantly below the average of $360,070,943,595.12. Seychelles ranks 167 out of 176 countries in this attribute.

- Agriculture, forestry, and fishing, value added (% of GDP): Seychelles' value is 2.71%, well below the average of 10.86%. Seychelles ranks 136 out of 182 countries in this attribute.

- Agriculture, forestry, and fishing, value added (current US$): Seychelles' value is $32,036,599.74, far below the average of $19,924,732,828.07. Seychelles ranks 177 out of 182 countries in this attribute.

- Services, value added (% of GDP): Seychelles' value is 65.64%, above the average of 56.72%. Seychelles ranks 44 out of 183 countries in this attribute.

- Services, value added (current US$): Seychelles' value is $776,916,683.89, significantly below the average of $295,837,711,130.69. Seychelles ranks 171 out of 183 countries in this attribute.

- Industry (including construction), value added (current US$): Seychelles' value is $174,650,759.63, well below the average of $118,421,095,413.50. Seychelles ranks 172 out of 183 countries in this attribute.

Summary

Seychelles lags behind the global average in key macroeconomic indicators such as Gross Value Added, Agriculture, Forestry, and Fishing value added, Services value added, and Industry value added. This indicates a lower level of economic activity and development compared to the global average, as reflected in its rankings among other countries.

These findings are crucial for policymakers and investors as they highlight areas where Seychelles may need to focus on improving its economic performance. Addressing the weaknesses in these sectors could help enhance Seychelles' overall economic competitiveness and sustainability in the long term.

Manufacturing Value Added

For Manufacturing, value added (current US$), Seychelles has a value of 88,332,689.9977975 which is significantly below the attribute average of 76,207,179,589.66348. Seychelles ranks 159 out of 173 countries in this category.

Regarding Manufacturing, value added (% of GDP), Seychelles has a value of 7.46% which is below the attribute average of 11.90%. Seychelles holds the 127th position out of 173 countries for this indicator.

Summary

Seychelles' Manufacturing value added in US dollars is notably lower than the average of all countries examined, positioning the nation at 159th place. Additionally, Seychelles' contribution of Manufacturing value added to its GDP is also under the global average, ranking 127th among the countries studied. These figures suggest that Seychelles may face challenges in expanding its manufacturing sector and increasing its industrial output compared to its peers, which could impact its overall economic growth and development.

Money

- Inflation, consumer prices (annual %): The annual inflation rate in Seychelles is 8.28%, slightly above the average of 8.26%. Seychelles ranks 21st out of 165 countries in this data set.

- Inflation, GDP deflator (annual %): Seychelles experiences deflation with an annual rate of -2.12%, significantly below the average of 6.90%. Seychelles ranks 164th out of 188 countries for this metric.

- Broad money growth (annual %): Seychelles has a robust broad money growth rate of 27.21%, surpassing the average of 18.03%. This places Seychelles at the 12th position out of 139 countries.

- Broad money (% of GDP): Seychelles has a high broad money to GDP ratio of 118.72%, far exceeding the average of 71.75%. Seychelles ranks 16th out of 139 countries in this aspect.

- Broad money to total reserves ratio: Seychelles has a ratio of 2.51, lower than the average of 5.17. This positions Seychelles at the 72nd rank out of 126 countries for this indicator.

Summary

Seychelles displays a mix of economic indicators. It maintains a relatively high inflation rate compared to the global average, indicating potential economic stability challenges. However, the country's robust broad money growth and high broad money to GDP ratio suggest a strong financial sector and potential for economic expansion and investment. The lower broad money to total reserves ratio may imply a need to enhance reserve management for better economic stability and crisis resilience.

Consumption Expenditure

Final consumption expenditure (current US$): Seychelles has a final consumption expenditure of 797,149,493.77, which is below the average of 381,630,252,515.38. It ranks 154 out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): Seychelles' final consumption expenditure as a percentage of GDP is 67.35%, lower than the average of 82.37%. It ranks 136 out of 159 countries in this attribute.

General government final consumption expenditure (current US$): Seychelles has a general government final consumption expenditure of 314,610,893.64, significantly below the average of 93,676,578,238.03. It ranks 150 out of 158 countries in this attribute.

General government final consumption expenditure (% of GDP): Seychelles' general government final consumption expenditure as a percentage of GDP is 26.58%, above the average of 18.71%. It ranks 14 out of 158 countries in this attribute.

Household and NPISHs Final consumption expenditure (current US$): Seychelles has a household and NPISHs final consumption expenditure of 482,538,600.13, which is much lower than the average of 290,127,571,157.69. It ranks 155 out of 158 countries in this attribute.

Households and NPISHs final consumption expenditure (% of GDP): Seychelles' household and NPISHs final consumption expenditure as a percentage of GDP is 40.77%, below the average of 63.68%. It ranks 148 out of 158 countries in this attribute.

Summary

Seychelles exhibits lower final consumption expenditures in both absolute terms and as a percentage of GDP compared to the global average. This indicates a relatively smaller domestic market size and potentially lower economic activity. The government's expenditure, however, shows a higher proportion relative to the GDP compared to the average, suggesting a significant role of government spending in the country's economy.

Equities

1. Listed domestic companies, total: Seychelles has 40 listed domestic companies, which is significantly below the average of 636.625. Seychelles is ranked 56th out of 72 countries in this attribute.

2. Stocks traded, total value (current US$): Seychelles has stocks traded with a value of 9,920,000 USD, which is much lower than the average value of 1,379,501,950,182.91 USD. Seychelles is ranked 68th out of 71 countries in this attribute.

3. Stocks traded, total value (% of GDP): Seychelles has stocks traded valued at 0.83% of its GDP, well below the average of 31.65%. Seychelles is ranked 49th out of 71 countries in this attribute.

4. Market capitalization of listed domestic companies (current US$): Seychelles has a market capitalization of 1,224,510,000 USD, which is significantly below the average of 1,196,037,851,618.88 USD. Seychelles is ranked last, 72nd out of 73 countries in this attribute.

5. Market capitalization of listed domestic companies (% of GDP): Seychelles has a market capitalization equivalent to 103.46% of its GDP, higher than the average of 71.24%. Seychelles is ranked 15th out of 73 countries in this attribute.

Summary

Seychelles exhibits lower figures in key macroeconomic indicators such as listed domestic companies, total stock value, and market capitalization compared to global averages, positioning it in the lower rankings among countries. However, Seychelles does show a relatively higher market capitalization as a percentage of its GDP. These indicators are crucial as they reflect the depth and maturity of Seychelles' financial markets, its attractiveness to investors, and its economic stability.

Investment

Foreign direct investment, net in Seychelles is -134,574,089.82 USD, which is above the average of -1,615,235,980.51 USD. Seychelles ranks 63 out of 169 countries for this attribute.

Foreign direct investment, net inflows in Seychelles amount to 80,053,481.41 USD, below the average of 5,749,271,080.15 USD. Seychelles ranks 129 out of 182 countries in this category.

Foreign direct investment, net inflows as a percentage of GDP for Seychelles is 6.76%, significantly higher than the average of 2.61%. Seychelles ranks 23 out of 178 countries based on this metric.

Net outflows of foreign direct investment in Seychelles stand at -54,520,608.41 USD, below the average of 5,707,991,116.07 USD. Seychelles ranks 131 out of 156 countries for this indicator.

Foreign direct investment outflows as a percentage of GDP in Seychelles are at -4.61%, well below the average of 1.00%. Seychelles ranks 149 out of 155 countries in this aspect.

Portfolio investment, net in Seychelles is 96,457,683.41 USD, below the average of 679,559,169.57 USD. Seychelles ranks 60 out of 159 countries for this attribute.

Portfolio equity, net inflows in Seychelles amount to -37,190,584.29 USD. This is also below the average of 9,197,145,994.70 USD. Seychelles ranks 84 out of 125 countries for this metric.

Summary

Seychelles stands out in terms of Foreign Direct Investment (FDI) performance, with net inflows above average as a percentage of GDP and exceeding the average net inflow figure. However, the country struggles with net FDI outflows compared to global averages. In terms of portfolio investment, Seychelles experiences lower net portfolio equity inflows compared to the global average, indicating potential challenges in attracting equity investments. These indicators are crucial as they reflect Seychelles' attractiveness to foreign investors and its ability to sustain FDI and portfolio investment flows for economic development.

Broad Trade Attributes

Trade (% of GDP): Seychelles has a Trade value of 179.29% of its GDP, which is significantly above the average of 82.34%. This places Seychelles at rank 7 out of 163 countries.

Merchandise trade (% of GDP): Seychelles has a Merchandise trade value of 121.33% of its GDP, above the average of 60.01%. This ranks Seychelles at 16 out of 186 countries.

Trade in services (% of GDP): Seychelles has a Trade in services value of 107.06% of its GDP, which is notably above the average of 24.63%. Seychelles holds the 6th position out of 171 countries in this aspect.

External balance on goods and services (current US$): Seychelles has a negative balance of -281,927,350.01 US$, significantly below the average balance of 3,405,509,011.13 US$. Seychelles ranks 80th out of 163 countries.

External balance on goods and services (% of GDP): Seychelles exhibits a negative balance of -23.82% of GDP, much lower than the average of -5.97%. This places Seychelles at rank 148 out of 163 countries.

Summary

Seychelles stands out in its trade performance, with Trade, Merchandise trade, and Trade in services all significantly above global averages, placing the country among the top performers globally. However, the country faces challenges indicated by its negative External balance on goods and services, both in absolute terms and as a percentage of GDP, ranking lower compared to the global average. These indicators are crucial as they reflect Seychelles' strong integration in the global economy but also highlight the need to address trade imbalances to ensure economic sustainability and growth.

Net Trade

1. Current account balance (BoP, current US$): Seychelles has a current account balance of -173,236,338.24 USD, which is significantly below the average of 1,443,864,831.49 USD. Seychelles is ranked 82nd out of 170 countries in this attribute.

2. Current account balance (% of GDP): Seychelles's current account balance as a percentage of GDP is -14.64%, well below the average of -2.36%. Seychelles is ranked 155th out of 170 countries in this category.

3. Net trade in goods and services (BoP, current US$): Seychelles has a net trade value of -92,441,576.40 USD, which is considerably lower than the average of 2,604,730,003.57 USD. Seychelles ranks 70th out of 171 countries.

4. Net primary income (BoP, current US$): Seychelles's net primary income is -67,536,077.26 USD, above the average of -903,807,529.74 USD. Seychelles is ranked 58th out of 170 countries.

5. Net secondary income (BoP, current US$): Seychelles has a net secondary income of -13,258,684.59 USD, which is higher than the average of -269,227,340.40 USD. Seychelles is ranked 120th out of 170 countries.

6. Net trade in goods (BoP, current US$): Seychelles's net trade in goods is -358,661,127.70 USD, significantly below the average of 1,302,831,005.68 USD. Seychelles holds the 86th position out of 171 countries.

7. Net capital account (BoP, current US$): Seychelles has a net capital account of 20,852,962.76 USD, which is notably lower than the average of 136,543,824.05 USD. Seychelles ranks 97th out of 159 countries.

8. Net financial account (BoP, current US$): Seychelles's net financial account stands at -150,871,371.02 USD, higher than the average of -469,840,994.63 USD. Seychelles is positioned 84th out of 170 countries.

Summary

Seychelles demonstrates a pattern of negative balances across key macroeconomic indicators such as current account balance, net trade, primary income, and financial account. These indicators suggest that Seychelles relies heavily on external financing and struggles to maintain a positive balance of payments. Addressing these imbalances is crucial for Seychelles to achieve sustainable economic growth and stability in the long term.

Broad Export Attributes

- Exports of goods, services and primary income (BoP, current US$): Seychelles has a value of 1,251,488,490.39, ranking 148 out of 170 countries. The country performs below the attribute average of 146,238,908,936.30.

- Exports of goods and services (BoP, current US$): With a value of 1,239,725,606.81, Seychelles ranks 146 out of 170 countries, falling below the attribute average of 122,938,540,059.78.

- Exports of goods and services (current US$): Seychelles' value of 920,012,647.22 positions it at rank 142 out of 163 countries, below the attribute average of 129,596,864,610.19.

- Exports of goods and services (% of GDP): Seychelles ranks 15 out of 163 countries with a percentage of 77.74, surpassing the attribute average of 38.19.

- Goods exports (BoP, current US$): Seychelles performs below average in this attribute with a value of 473,095,872.09, ranking 148 out of 171 countries against an average of 93,310,581,697.39.

- International tourism, receipts (% of total exports): Seychelles excels in this attribute, ranking 18 out of 120 countries with a percentage of 18.39, higher than the attribute average of 9.74.

- ICT goods exports (% of total goods exports): Seychelles lags behind in this attribute with a value of 0.06, ranking 120 out of 142 countries and falling below the attribute average of 3.81.

Summary

Seychelles has mixed performance in key macroeconomic indicators related to exports. While the country excels in international tourism receipts, performing above average, it falls below the attribute average in exports of goods, services, primary income, and ICT goods exports. The country's high percentage of exports in goods and services relative to its GDP indicates a significant reliance on trade for economic growth.

Merchandise Exports

- Seychelles has a below-average Merchandise exports (current US$) value, ranking 156 out of 187 countries.
- Seychelles' Agricultural raw materials exports (% of merchandise exports) is significantly below the average, ranking 150 out of 151 countries.
- Seychelles excels in Food exports (% of merchandise exports) with a value well above the average, ranking 8 out of 152 countries.
- The country's Fuel exports (% of merchandise exports) value is below average, ranking 44 out of 147 countries.
- Seychelles' Ores and metals exports (% of merchandise exports) is notably below the average, ranking 139 out of 152 countries.
- In terms of Merchandise exports by the reporting economy, residual (% of total merchandise exports), Seychelles is below average, ranking 88 out of 166 countries.

Summary

Seychelles demonstrates a mixed performance in merchandise exports, excelling in food exports but lagging in agricultural raw materials and ores/metals exports. This indicates a potential specialization in food production and export, while highlighting the need for diversification in other key export sectors to enhance resilience and sustainability in the country's economy.

Technology Exports

In Seychelles, manufactures exports account for 9.02% of total merchandise exports, ranking the country 130th out of 152 countries. This value is significantly below the average of 42.62%, indicating a potential opportunity for growth in diversifying export sectors.

Seychelles' high-technology exports amount to $1,315,182, placing the country 136th out of 151 countries. This value is substantially lower than the average of $16,655,934,078.80, suggesting room for technological advancement and investment in this sector.

The country's high-technology exports as a percentage of manufactured exports stand at 3.29%, ranking Seychelles 98th out of 150 countries. This figure is below the average of 10.15%, indicating a potential area for improvement and increased integration of technology in the manufacturing industry.

Summary

In Seychelles, manufactures exports, high-technology exports, and high-technology exports as a percentage of manufactured exports all rank below global averages. This highlights opportunities for Seychelles to diversify its export base, invest in technological advancements, and integrate more technology into its manufacturing sector to boost economic growth and competitiveness on the global stage.

Service Exports

1. Seychelles' Service exports amount to $766,629,734.71, which is significantly below the average of $28,917,292,503.82. Seychelles ranks 113th out of 171 countries in this category.
2. ICT service exports in Seychelles are $9,542,359.41, far below the average of $4,578,501,153.77. Seychelles ranks 139th out of 166 countries for this statistic.
3. ICT service exports as a percentage of total service exports is 1.24% in Seychelles, well below the average of 11.75%. Seychelles ranks 155th out of 166 countries in this category.
4. Communications, computer, etc. as a percentage of service exports in Seychelles is 42.99%, slightly lower than the average of 45.85%. Seychelles ranks 94th out of 169 countries in this attribute.
5. Transport services as a percentage of service exports in Seychelles amount to 14.33%, lower than the average of 21.80%. Seychelles ranks 99th out of 169 countries in this regard.
6. Travel services as a percentage of service exports in Seychelles stand at 42.68%, notably higher than the average of 26.40%. Seychelles ranks 38th out of 167 countries for this statistic.

Summary

Seychelles lags behind the global average in service exports, ICT service exports, and ICT service exports as a percentage of total service exports. However, the country performs relatively well in communications, computer, etc. as a percentage of service exports and travel services as a percentage of service exports.

These findings are crucial as they highlight Seychelles' strengths and weaknesses in key sectors of the economy. By recognizing these disparities, policymakers can focus on improving areas of underperformance to enhance Seychelles' competitiveness and contribution to the global economy.

Commercial Service Exports

Commercial service exports (current US$): Seychelles has a commercial service exports value of 748,406,007.23, which is significantly below the average of 28,508,218,402.80. Seychelles ranks 111 out of 171 countries in this attribute data.

Travel services (% of commercial service exports): Seychelles's travel services account for 43.72% of its commercial service exports, surpassing the average of 27.89%. Seychelles ranks 39 out of 167 countries in this attribute data.

Computer, communications, and other services (% of commercial service exports): Seychelles's percentage in this category is slightly below average at 41.60%, compared to the average of 42.44%. It ranks 92 out of 169 countries in this attribute data.

Transport services (% of commercial service exports): Seychelles's percentage in transport services is 14.68%, lower than the average of 23.37%. The country ranks 102 out of 169 countries in this attribute data.

Summary

Seychelles has relatively low commercial service exports at $748,406,007.23, ranking 111 out of 171 countries. However, the country excels in travel services, accounting for 43.72% of its commercial service exports, surpassing the average. This indicates a strong tourism sector. The below-average performance in computer, communications, and other services as well as transport services highlights areas for potential growth and diversification in Seychelles' service sector.

Broad Import Attributes

- Imports of goods and services (current US$): Seychelles has an import value of 1201939997.22987, which is below the average of 126191355599.06. Seychelles ranks 144 out of 163 countries in this attribute.

- Imports of goods and services (% of GDP): Seychelles has a value of 101.56, significantly higher than the average of 44.15. Seychelles ranks 7 out of 163 countries in this attribute.

- International tourism, expenditures (% of total imports): Seychelles's value is 2.93, below the average of 3.98. The country ranks 68 out of 131 countries in this attribute.

- ICT goods imports (% total goods imports): Seychelles imports 1.82% of ICT goods, way below the average of 6.85%. The country ranks 137 out of 143 countries in this attribute.

- Goods imports (BoP, current US$): Seychelles has imports valued at 831756999.8, notably lower than the average of 92007788027.17. Seychelles ranks 152 out of 171 countries in this attribute.

- Imports of goods and services (BoP, current US$): Seychelles imports are 1332167183.2, below the average of 120321577988.12. The country ranks 151 out of 170 countries in this attribute.

- Imports of goods, services and primary income (BoP, current US$): Seychelles imports this category worth 1411466144.05, below the average of 144514428722.28. Seychelles ranks 151 out of 170 countries in this attribute.

Summary

Seychelles has lower values in various import indicators compared to global averages, such as Imports of goods and services and Goods imports. However, it stands out with a higher percentage of Imports of goods and services (% of GDP) and lower International tourism expenditures compared to the average. These indicators are crucial as they reflect Seychelles' integration into the global economy, its economic dependence on imports, and the impact of tourism on its economy.

Merchandise Imports

Analysis of Macroecnomic Statistics in Seychelles:

1. Seychelles' Merchandise imports amount to $1,004,000,000, ranking 159th out of 190 countries. This value is significantly below the average merchandise imports of $89,385,605,263. Seychelles is among 190 countries included in this data.

2. Manufactures imports account for 68.22% of Seychelles' merchandise imports. This places Seychelles at the 70th position out of 152 countries. The value is slightly above the average of 66.76%. The data includes 152 countries.

3. Seychelles imports 0.59% of agricultural raw materials which is below the average of 1.27%. It ranks 127th out of 152 countries in this aspect. The data includes 152 countries.

4. Food imports constitute 18.63% of Seychelles' merchandise imports, higher than the average of 15.89%. Seychelles ranks 47th out of 152 countries in this category.

5. Fuel imports represent 11.72% of Seychelles' merchandise imports, slightly above the average of 11.38%. Seychelles holds the 68th position out of 152 countries in fuel imports.

6. Ores and metals imports account for 0.64% of Seychelles' merchandise imports, significantly below the average of 2.57%. Seychelles ranks 132nd out of 152 countries in this aspect.

7. The residual category for merchandise imports is 8.65% for Seychelles, substantially above the average of 2.51%. Seychelles ranks 11th out of 180 countries in this category.

Summary

Overall, Seychelles has relatively low merchandise imports compared to the global average. However, it has a higher proportion of manufactured imports, food imports, and fuel imports than the average, indicating a potential dependence on these categories. On the other hand, Seychelles imports a lower percentage of agricultural raw materials and ores/metals. The notable residual category for merchandise imports suggests diversification in Seychelles' import sources.

These findings are crucial as they provide insights into Seychelles' trade dynamics and economic vulnerabilities. Dependence on manufactured goods, food, and fuel imports could expose Seychelles to price fluctuations and supply chain disruptions in these sectors. Diversification in import sources for other categories may indicate efforts towards economic resilience and risk mitigation.

Service Imports

Service imports (BoP, current US$): Seychelles' value for service imports is $500,410,183.40, which is significantly below the average of $27,615,356,170.47. Seychelles ranks 143 out of 171 countries in this attribute.

Communications, computer, etc. (% of service imports, BoP): Seychelles' percentage for this attribute is 63.59%, higher than the average of 44.40%. The country ranks 25 out of 169 countries.

Transport services (% of service imports, BoP): Seychelles' percentage for transport services is 28.03%, below the average of 32.90%. It ranks 92 out of 169 countries.

Travel services (% of service imports, BoP): Seychelles' percentage for travel services is 5.11%, lower than the average of 14.14%. The country ranks 136 out of 169 countries.

Insurance and financial services (% of service imports, BoP): Seychelles' percentage in this category is 3.27%, which is below the average of 8.53%. The country ranks 133 out of 169 countries.

Summary

Seychelles has a significantly lower value for service imports compared to the average, ranking 143rd out of 171 countries. The country shows a higher percentage in communications, computer, etc., but lower percentages in transport services, travel services, and insurance and financial services compared to the global average.

These indicators are important as they provide insights into Seychelles' economic structure and trade dynamics. The higher reliance on communications and technology-related services could indicate a focus on information and technology sectors, while lower percentages in transport, travel, and financial services highlight potential areas for development or investment to diversify the economy and enhance competitiveness in the global market.

Commercial Service Imports

Commercial service imports in Seychelles amount to 497,328,240.74 USD, significantly below the average of 27,102,746,128.60 USD. Seychelles ranks 141 out of 171 countries in this category.

In terms of Computer, Communications, and Other Services, Seychelles stands out with a percentage of 63.37%, well above the average of 41.71%. This places Seychelles at rank 24 out of 169 countries.

Seychelles shows a lower percentage of 3.29% for Insurance and Financial Services compared to the average of 8.85%. This places Seychelles at rank 136 out of 169 countries.

Transport Services in Seychelles represent 28.20% of commercial service imports, slightly below the average of 34.71%. Seychelles ranks 93 out of 169 countries in this aspect.

Travel Services in Seychelles contribute 5.15% to commercial service imports, notably lower than the average of 14.73%. Seychelles ranks 138 out of 169 countries in this category.

Summary

Seychelles has a unique economic profile compared to other countries, with a strong emphasis on Computer, Communications, and Other Services, exceeding the global average. However, the country lags behind in Insurance and Financial Services and Travel Services. These indicators are crucial as they show Seychelles' specialization in certain service sectors, indicating potential areas for growth and development, while also highlighting areas that may require attention and improvement to enhance overall economic performance and competitiveness.

Infrastructure

1. Air transport, freight (million ton-km): In Seychelles, the value for this attribute is 0.75756, significantly below the average of 1384.37 million ton-km. Seychelles ranks 107 out of 126 countries in this dataset.

2. Air transport, registered carrier departures worldwide: Seychelles has 8477 registered carrier departures, well below the average of 134365.61 departures. The country ranks 90 out of 149 countries for this metric.

3. Air transport, passengers carried: With 149,489 passengers carried, Seychelles falls short of the average of 11,848,242 passengers. The country ranks 114 out of 149 countries in this aspect.

Summary

Seychelles has notably lower air transport metrics compared to global averages, ranking below average in all three indicators of air transport activities. These statistics highlight the limited scale of Seychelles' air transportation sector in terms of freight transport, carrier departures, and passenger traffic. This could indicate challenges in connectivity, trade volume, and tourism potential for the country, emphasizing the need for infrastructure development and potentially impacting its economic growth and global competitiveness.

Information Technology Infrastructure

For Secure Internet servers, Seychelles has 6017 servers, which is significantly below the average of 458,294. Seychelles ranks 80th out of 193 countries in this attribute.

Regarding Secure Internet servers (per 1 million people), Seychelles demonstrates 61,109 servers, well above the average of 14,067. Seychelles ranks 14th out of 193 countries in this category.

Seychelles has 75.47% of its population using the Internet, slightly above the average of 64.77%. Seychelles ranks 82nd out of 180 countries in this metric.

For Fixed broadband subscriptions, Seychelles has 34,966 subscriptions, significantly below the average of 6,591,956. Seychelles ranks 139th out of 185 countries in this area.

Regarding Mobile cellular subscriptions, Seychelles has 183,498 subscriptions, also significantly below the average of 42,526,463. Seychelles ranks 175th out of 193 countries in this attribute.

Summary

Seychelles has a relatively low number of secure internet servers compared to the global average, but the country ranks higher in terms of servers per 1 million people. However, Seychelles lags behind in internet usage percentage, fixed broadband subscriptions, and mobile cellular subscriptions compared to the global averages and rankings. These indicators are crucial as they reflect Seychelles' digital infrastructure development, connectivity, and technological advancement relative to other countries, impacting its competitiveness in the digital economy and overall socio-economic development.

Energy Consumption

Seychelles consumes renewable energy that accounts for only 1.34% of its total final energy consumption, significantly below the attribute average of 32.18%. This places Seychelles at a low rank of 172 out of 191 countries in terms of renewable energy consumption among the dataset provided.

On the other hand, Seychelles emits 598.7 kt of CO2, which is far lower than the attribute average of 171,895.94 kt. Despite this, Seychelles ranks 166 out of 188 countries regarding CO2 emissions, showcasing its relatively low emissions compared to other nations in the dataset.

Summary

Seychelles has a low consumption of renewable energy compared to the global average, ranking 172 out of 191 countries in the dataset. However, its CO2 emissions are significantly lower than the average, placing it at a rank of 166 out of 188 countries. These findings are crucial as they indicate Seychelles' potential for sustainable energy growth and its positive environmental impact despite its current low rankings.

Government Balance Sheet

1. Reserves and related items (BoP, current US$): Seychelles has a value of -51517949.27 which is significantly below the average of 1924407186.58. The country ranks 108 out of 171 countries in this attribute.

2. Total reserves minus gold (current US$): Seychelles' value of 559681941.83 is well below the average of 74221588171.61. The country holds the 140th position out of 161 countries in this category.

3. Total reserves (includes gold, current US$): Seychelles has a value of 559681941.83, which is significantly lower than the average of 85708019773.47. It ranks 142 out of 161 countries considered for this attribute.

4. Total reserves in months of imports: Seychelles' value of 4.76 is below the average of 7.10 months. The country holds the 92nd position out of 151 countries in this particular metric.

Summary

Seychelles lags behind global averages in key macroeconomic indicators related to reserves, both overall and excluding gold. The country's reserves and related items, total reserves minus gold, total reserves including gold, and total reserves in months of imports are all below average, placing Seychelles in lower percentiles among countries worldwide. These findings are crucial as they suggest that Seychelles may face challenges in terms of financial stability, liquidity, and ability to weather economic shocks compared to other nations with higher reserves.

Government Revenue

1. Revenue, excluding grants (% of GDP): Seychelles has a value of 34.32%, which is above the average of 27.02%. This places Seychelles at rank 29 out of 122 countries in the dataset.

2. Grants and other revenue (% of revenue): Seychelles has a value of 16.04%, below the average of 23.54%. This places Seychelles at rank 61 out of 108 countries in the dataset.

3. Taxes on goods and services (% of revenue): Seychelles has a value of 47.34%, which is above the average of 31.82%. This places Seychelles at rank 11 out of 122 countries in the dataset.

4. Taxes on international trade (% of revenue): Seychelles has a value of 3.44%, below the average of 6.24%. This places Seychelles at rank 52 out of 101 countries in the dataset.

5. Other taxes (% of revenue): Seychelles has a value of 1.70%, below the average of 2.12%. This places Seychelles at rank 39 out of 106 countries in the dataset.

6. Taxes on income, profits and capital gains (% of revenue): Seychelles has a value of 31.48%, above the average of 24.66%. This places Seychelles at rank 33 out of 119 countries in the dataset.

Summary

Seychelles stands out in the dataset for having a relatively high revenue, excluding grants (% of GDP) at 34.32%, which places the country at rank 29. Additionally, Seychelles has elevated values for taxes on goods and services (% of revenue) and taxes on income, profits, and capital gains (% of revenue), ranking 11 and 33 respectively. These statistics suggest that Seychelles heavily relies on taxing goods, services, and income to generate revenue, highlighting potential areas for further economic policy evaluation and optimization.

Taxes

Analysis of key tax-related statistics for Seychelles:

1. Tax revenue (% of GDP): Seychelles has a tax revenue (% of GDP) of 30.58%, which is higher than the average of 16.72%. This puts Seychelles at rank 4 out of 123 countries.

2. Customs and other import duties (% of tax revenue): Seychelles has a value of 4.09%, below the average of 9.01%. This places Seychelles at rank 59 out of 99 countries.

3. Taxes on income, profits and capital gains (% of total taxes): Seychelles records 37.49%, slightly below the average of 38.40%. Seychelles ranks 60 out of 120 countries for this attribute.

4. Tariff rate, applied, weighted mean, all products (%): Seychelles' tariff rate stands at 1.47%, significantly lower than the average of 5.21%. This places Seychelles at rank 138 out of 153 countries.

Summary

Seychelles demonstrates a strong reliance on tax revenue, with a percentage of 30.58% of GDP, ranking 4th globally. However, the country has a lower than average customs and import duties percentage, as well as a slightly lower share of taxes on income, profits, and capital gains. Additionally, Seychelles maintains a significantly low weighted mean tariff rate compared to the global average.

These statistics are crucial as they indicate Seychelles' fiscal policies and its approach to revenue generation. The high tax revenue percentage suggests a robust tax system, while the low tariffs can signify a more open approach to trade. It also highlights Seychelles' relative position compared to other countries in terms of tax and tariff policies, which can impact its competitiveness and economic interactions on the global stage.

Government Expenses

- Expense (% of GDP): Seychelles' expense as a percentage of GDP is 51.67%, which is above the average of 31.69%. Seychelles ranks 8th out of 123 countries in this category.
- Compensation of employees (% of expense): Seychelles allocates 28.21% of its expenses to employee compensation, slightly higher than the average of 24.70%. Seychelles ranks 49th out of 123 countries.
- Goods and services expense (% of expense): Seychelles dedicates 24.34% of its expenses to goods and services, surpassing the average of 14.77%. Seychelles ranks 18th out of 122 countries.
- Interest payments (% of expense): Seychelles spends 6.61% of its expenses on interest payments, below the average of 6.85%. Seychelles ranks 50th out of 121 countries.
- Other expense (% of expense): Seychelles allocates 4.48% of its expenses to other areas, lower than the average of 8.29%. Seychelles ranks 81st out of 120 countries.
- Subsidies and other transfers (% of expense): Seychelles spends 36.36% of its expenses on subsidies and transfers, below the average of 43.29%. Seychelles ranks 72nd out of 121 countries.

Summary

Seychelles' expense as a percentage of GDP is relatively high at 51.67%, with a significant portion allocated to employee compensation (28.21%) and goods/services (24.34%). However, the country's expenditure on interest payments (6.61%) is below the average. This indicates a focus on domestic investment and development rather than external debt servicing. Additionally, Seychelles' lower allocation towards other expenses (4.48%) and subsidies/transfers (36.36%) compared to the global average could imply efficient governance and targeted expenditure, potentially contributing to long-term economic stability and growth.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Fertilizer consumption (kilograms per hectare of arable land) 9/187
Broad money growth (annual %) 12/139
General government final consumption expenditure (% of GDP) 14/158
Trade (% of GDP) 7/163
Merchandise trade (% of GDP) 16/186
Trade in services (% of GDP) 6/171
Exports of goods and services (% of GDP) 15/163
Food exports (% of merchandise exports) 8/152
Imports of goods and services (% of GDP) 7/163
Merchandise imports by the reporting economy, residual (% of total merchandise imports) 11/180
Secure Internet servers (per 1 million people) 14/193
Taxes on goods and services (% of revenue) 11/122
Tax revenue (% of GDP) 4/123
Expense (% of GDP) 8/123

Ranks in Bottom Decile For:

Attribute Rank/Total
Population, total 182/194
Population ages 0-14, total 181/194
Population ages 15-64, total 181/194
Population ages 65 and above, total 182/194
Rural population 178/190
Urban population 176/194
Military expenditure (current USD) 144/149
Land area (sq. km) 180/194
Surface area (sq. km) 180/194
Arable land (hectares) 190/190
Industrial design applications, nonresident, by count 102/112
Patent applications, residents 112/117
Trademark applications, nonresident, by count 118/130
Trademark applications, resident, by count 119/129
GDP (current US$) 176/189
GDP, PPP (current international $) 164/181
GNI (current US$) 173/185
GNI, PPP (current international $) 165/181
Gross value added at basic prices (GVA) (current US$) 167/176
Agriculture, forestry, and fishing, value added (current US$) 177/182
Services, value added (current US$) 171/183
Industry (including construction), value added (current US$) 172/183
Manufacturing, value added (current US$) 159/173
Final consumption expenditure (current US$) 154/159
General government final consumption expenditure (current US$) 150/158
Household and NPISHs Final consumption expenditure (current US$) 155/158
Households and NPISHs final consumption expenditure (% of GDP) 148/158
Stocks traded, total value (current US$) 68/71
Market capitalization of listed domestic companies (current US$) 72/73
Foreign direct investment, net outflows (% of GDP) 149/155
External balance on goods and services (% of GDP) 148/163
Current account balance (% of GDP) 155/170
Agricultural raw materials exports (% of merchandise exports) 150/151
Ores and metals exports (% of merchandise exports) 139/152
High-technology exports (current US$) 136/151
ICT service exports (% of service exports, BoP) 155/166
ICT goods imports (% total goods imports) 137/143
Mobile cellular subscriptions 175/193
Renewable energy consumption (% of total final energy consumption) 172/191
Tariff rate, applied, weighted mean, all products (%) 138/153