Contact Euler Hermes
Economic Research Team
research@eulerhermes.com
SEYCHELLES
Country risk rating
D3
SENSITIVE RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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| GDP | USD 1.5902bn (World ranking 186, World Bank 2018) |
| Population | 0.1mn (World ranking 193, World Bank 2018) |
| Form of state | Republic |
| Head of government | Danny Faure (President) |
| Next elections | 2020, presidential |
- Tourism sector (driving growth and foreign exchange earnings)
- Strategy to limit oil imports and develop domestic power generation (hydro and wind-power infrastructures)
- Seychelles is a tax haven attracting an increasing number of offshore companies
- Growth is too weak (+0.4% on average between 2016 and 2019)
- Its small size does not allow it to possess many natural resources and limits the quantity of labor available
- Exposure to climate change impacts
- Although absolute poverty is low, inequalities are still significant
- Structural vulnerabilities due to heavy reliance on imported goods and foreign funding