Gross Domestic Product: 1992 estimate US$407
with growth rate of 4 percent, and inflation rate of 3.3
(1993 inflation rate 4 percent). 1992 per capita GDP of
In 1980s socialist France Albert René government created
parastatals; in early 1990s moving toward more liberal
Labor Force: In 1991 government employed 38
labor, parastatals employed 26 percent, and private sector
Independent trade unions allowed since November 1993.
Tourism: Major source of economic activity,
tourism-related services; provides 50 percent of GDP but
food and materials for tourism cost 70 percent of tourism
In 1993 more than 116,000 tourists, mainly from Europe,
Agriculture: Only 400 hectares cultivable on
Some vegetables and fruit grown but most food, including
imported. Market for traditional crops, copra and
decreased; tea grown for local consumption. Fishing (tuna
shrimp particularly) encouraged; population eats
kilograms seafood per capita annually.
Industry: Very limited because of small market,
raw materials; mostly food processing, handicrafts for
Exports: 1992 estimate US$47 million: canned and
fish, copra, cinnamon bark. Major markets Britain, France,
Imports: 1992 estimate US$192 million; major
manufactured goods, food, petroleum products,
equipment and machinery. Major sources: Bahrain, South
Britain, Singapore, and France.
Balance of Payments: Visible trade always in
but tourism helps compensate excess of imports.
Currency and Exchange Rate: 1 Seychelles rupee
100 cents. August 1995 exchange rate US$1 = SRe4.25.
Fiscal Year: Calendar year.
Data as of August 1994