Seychelles’ GDP per capita peaked at $19.14k in 2019, more than doubling from $8.06k in 2000

  • Seychelles’ GDP per capita rose from $8.06k in 2000 to a peak of $19.14k in 2019, more than doubling in two decades.
  • After steady growth through the 2010s, the COVID-19 pandemic in 2020 cut GDP per capita to $14.04k, a 26% drop from 2019.
  • Recovery has been gradual, with GDP per capita rebounding to $18.26k in 2023, though still below the 2019 high.
  • By 2024, GDP per capita settled at $17.86k, showing resilience but reflecting ongoing global and domestic economic pressures.

Seychelles stands as Africa’s richest country per capita, a position it has held since 2013 when it overtook Libya. This is due to its small population (about 121,000 in 2024) and a reliance on tourism, fisheries, and offshore services.

From just $8.06k in 2000, the economy expanded steadily, peaking at $19.14k in 2019. The pandemic dealt a heavy blow in 2020, resulting in a slash of the GDP per capita by over a quarter.

Despite these challenges, Seychelles has demonstrated resilience, with GDP per capita rebounding to above $18k by 2023, though not yet reaching pre-pandemic highs. This underscores both its vulnerability to external shocks and its capacity to recover.

Source:

World Bank

Period:

2024
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