The economy of Seychelles advanced by 21.7% year-on-year in the third quarter of 2021, following a record 34% rise in the previous three-month period, amid the ongoing recovery from the Covid-19 crisis. Main positive contributions to the GDP growth came from accommodation & food services (261% vs 643% in Q2), which is a good indicator of the tourism sector; transportation & storage (306% vs 310%); wholesale and retail trade, repair of motor vehicles and motorcycles (64% vs 72%) and information & communication (42% vs 22%). On a quarterly basis, the economy rose 2.6%, mainly boosted by accommodation & food services (9.8%), as a result of an increase in tourist arrivals; transportation & storage (37.1%) due to an increase in air traffic and information & communication (15%) source: National Bureau of Statistics, Seychelles
GDP Annual Growth Rate in Seychelles averaged 3.57 percent from 2000 until 2021, reaching an all time high of 34 percent in the second quarter of 2021 and a record low of -24 percent in the second quarter of 2020. This page provides - Seychelles GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Seychelles GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
GDP Annual Growth Rate in Seychelles is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Seychelles GDP Annual Growth Rate is projected to trend around 7.00 percent in 2023 and 6.40 percent in 2024, according to our econometric models.