SEYCHELLES

Country risk rating

D3

SENSITIVE RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • 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

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Economic Research Team

research@eulerhermes.com

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