Seychelles Economy

Seychelles Economy can be described as a mixed type of economy in which the public sector and the private cooperate with each other in order to realize rapid and meaningful economic growth.

Role of Government in the Economy of Seychelles

The government of Seychelles has a very important role to play in the national economic development. There are a large number of public enterprises in the country that provides employment to the largest section of the population. The public sector has been developing at a fast rate and also accounts for 40% of the total GDP of Seychelles.

Importance of tourism in Seychelles Economy

Tourism is one of the major sectors that amount for most of the economic development of the country. Seychelles is undoubtedly one of the most beautiful and breathtaking tourist destinations in the world. It attracts countless enthusiastic tourists every year that accounts for the swift growth of the tourism industry. The economy of Seychelles is primarily based on the tourism. Tourism accounts for the major portion of the GDP of the country and also contributes significantly to the overall foreign exchange of the country.

Fishing and other sectors of Seychelles Economy

Seychelles' Economy is also dependent on the thriving fishing industry of the country. Fishing is the most important source of foreign exchange earning for this island country. Tuna fishing is of major significance for the economic development of the country. Some of the other sectors of Seychelles Economy, which all together also accounts for a portion of the revenue earned by the country, are Agriculture, Forestry and manufacturing Industry.