Seychelles's GDP changed from approximately $147M in 1980 to $2B 203M in 2024, showing an overall 1398.6% sharply increased during the period.
The lowest GDP was recorded in 1980 at $147M, and the highest in 2024 at $2B 203M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.3%.
For comparison, the average annual growth rate of Mauritius was 6.0%, and that of Comoros was 4.1%.
Overview of Seychelles's GDP (1980–2024)
The Gross Domestic Product (GDP) of Seychelles recorded a 1398.6% sharply increased from 1980 to 2024.
The average GDP during this period was $857M 88K, and the median was $698M.
GDP fluctuated within a range of $2B 56M, with a standard deviation of $595M 361K.
The average annual change was $43M 426K.
Seychelles GDP from 1980 to 2024
The total market value of goods and services produced annually in Seychelles.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 1980, $147M
- Highest GDP: 2024, $2B 203M
- Most Recent GDP: 2024, $2B 203M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Seychelles's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $1B 867M → $1B 384M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $1B 34M → $847M
- Outcome: sharply declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $615M → $622M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $563M → $608M
- Outcome: increased
Key Economic Indicators of Seychelles (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 147M | $ 2,329.35 | $ 4,353.94 | $ 275M | -2.253 % | -10.602 % | 11.53 % | 0 % | 63,000 people |
1981 | $ 154M | $ 2,403.45 | $ 4,525.74 | $ 290M | -3.877 % | -12.211 % | 9.58 % | 0 % | 64,000 people |
1982 | $ 148M | $ 2,293.94 | $ 4,678.27 | $ 301M | -2.071 % | -27.505 % | 1.21 % | 0 % | 64,000 people |
1983 | $ 147M | $ 2,280.45 | $ 4,837.36 | $ 311M | -0.616 % | -17.755 % | −3.56 % | -1.108 % | 64,000 people |
1984 | $ 151M | $ 2,338.08 | $ 5,196.89 | $ 336M | 4.306 % | -8.782 % | 7.12 % | -3.183 % | 65,000 people |
1985 | $ 169M | $ 2,588.55 | $ 5,865.34 | $ 383M | 10.294 % | -11.369 % | 5.01 % | -0.598 % | 65,000 people |
1986 | $ 208M | $ 3,165.95 | $ 5,991.55 | $ 393M | 0.762 % | -16.018 % | 2.60 % | -7.08 % | 66,000 people |
1987 | $ 249M | $ 3,638.99 | $ 6,171.69 | $ 423M | 4.875 % | -8.47 % | 21.27 % | 11.183 % | 68,000 people |
1988 | $ 284M | $ 4,128.12 | $ 6,704.60 | $ 461M | 5.326 % | -10.01 % | 20.25 % | 20.458 % | 69,000 people |
1989 | $ 305M | $ 4,407.20 | $ 7,638.40 | $ 528M | 10.286 % | -13.008 % | 16.63 % | 16.351 % | 69,000 people |
1990 | $ 369M | $ 5,302.84 | $ 8,473.34 | $ 589M | 7.455 % | -3.521 % | 26.95 % | 19.897 % | 70,000 people |
1991 | $ 374M | $ 5,314.65 | $ 8,882.65 | $ 626M | 2.76 % | -2.182 % | 15.65 % | 11.09 % | 70,000 people |
1992 | $ 434M | $ 6,128.35 | $ 9,692.18 | $ 686M | 7.173 % | -1.592 % | 19.95 % | 14.299 % | 71,000 people |
1993 | $ 474M | $ 6,559.09 | $ 10,426.97 | $ 753M | 7.303 % | 1.82 % | 28.03 % | 4.273 % | 72,000 people |
1994 | $ 486M | $ 6,555.43 | $ 10,116.83 | $ 751M | -2.437 % | 6.452 % | 41.94 % | 1.401 % | 74,000 people |
1995 | $ 508M | $ 6,748.82 | $ 10,227.55 | $ 770M | 0.485 % | 0.279 % | 30.60 % | 7.119 % | 75,000 people |
1996 | $ 503M | $ 6,583.09 | $ 11,289.21 | $ 863M | 9.998 % | -10.42 % | 29.43 % | 0.371 % | 76,000 people |
1997 | $ 563M | $ 7,280.93 | $ 12,733.88 | $ 985M | 12.194 % | -11.741 % | 16.31 % | 3.854 % | 77,000 people |
1998 | $ 608M | $ 7,715.78 | $ 12,939.20 | $ 1B 20M | 2.467 % | -17.469 % | 16.53 % | -6.546 % | 79,000 people |
1999 | $ 623M | $ 7,747.49 | $ 13,107.93 | $ 1B 54M | 1.872 % | -18.743 % | 12.03 % | -1.14 % | 80,000 people |
