Ludwig von Mises Institute

Seychelles

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Country summary

Capital

Victoria

Borders

(N/A)

Government type

republic

Population

87,476 (July 2010 est.)[1]

Population growth

0.999% (2010 est.)[1]

Life expectancy

73.02 years[1]

Unemployment

2% (2006 est.)[1]

Index of Economic Freedom

156[2]

Corruption Perceptions Index

54[3]

Doing Business ranking

111[4]


A lengthy struggle between France and Great Britain for the islands ended in 1814, when they were ceded to the latter. Independence came in 1976. Socialist rule was brought to a close with a new constitution and free elections in 1993. President France-Albert RENE, who had served since 1977, was re-elected in 2001, but stepped down in 2004. Vice President James MICHEL took over the presidency and in July 2006 was elected to a new five-year term.[1]

Economical characteristics[edit]

  • Currency: Seychellois rupee (ISO code: SCR)
  • Central bank discount rate: NA% (31 December 2009)[1]
  • Commercial banks lending rate: 15.35% (31 December 2009 )[1]
  • Stock of money (M1): $173.1 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $185.2 million (31 December 2008)[1]


Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 623 615 622 698 706 700 884 968 912 833
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7] 44.191 38.736 37.444 41.385 45.730 48.941 44.824 49.626 40.416 40.446
Govt. expenses (% of GDP)[8] 44.425 43.125 41.886 47.366 36.011 45.143 37.717 41.634 41.189 33.323
Debt to revenue (years)

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Seychelles", from The World Factbook. Referenced 2010-10-04.
  2. ↑ Heritage Foundation. "Seychelles", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  3. ↑ Transparency International. "Seychelles", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-04.
  4. ↑ Doing Business. "Seychelles", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  5. ↑ World Bank. "Seychelles: GDP", from World Bank Data. Referenced 2010-10-04.
  6. ↑ World Bank. "Seychelles: government debt", from World Bank Data. Referenced 2010-10-04.
  7. ↑ World Bank. "Seychelles: government revenue", from World Bank Data. Referenced 2010-10-04.
  8. ↑ World Bank. "Seychelles: government expenses", from World Bank Data. Referenced 2010-10-04.

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