IMF Staff Country Reports

Seychelles: Recent Economic Developments

June 21, 1996

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Seychelles: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 22, 2024

Summary

This paper reviews economic developments in Seychelles during 1990–95. After growing in 1992 and 1993 by 6.9 percent and 5.1 percent, respectively, real GDP contracted in 1994 by an estimated 1.6 percent, mainly as a result of a sharp decline in tourist receipts and a poor performance in the fishing sector. The annual rate of inflation as measured by the retail price index remained subdued at about 1.6 percent during 1993–94, compared with about 2.6 percent during the preceding two years.

Subject: Agroindustries, Banking, Commercial banks, Economic sectors, Financial institutions, Imports, International trade, Labor, Tourism, Wages

Keywords: About SR, Africa, Agroindustries, Balance of payments, Commercial bank, Commercial banks, CR, Debt service, Europe, Exchange rate, Imports, ISCR, Merchandise trade account, Net petroleum earnings, Retail price index, Rupee terms, Seychelles rupee, SR million, Tourism, U.S. dollar, Wages

Publication Details

  • Pages:

    100

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1996/046

  • Stock No:

    1SYCEA0011996

  • ISBN:

    9781451836189

  • ISSN:

    1934-7685

Notes

This report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.