Seychelles Basic Information

By | July 21, 2022
Basic data
Capital Victoria
Population 0.99 million
Language Seychellois Creole, English, French
Religion Roman Catholicism
State system presidential republic
Head of State Wavel Ramkalawan
Head of government Ahmed Afif (Vice President)
Currency name Seychellois Rupee (SCR)

Seychelles Basic Information

Travel
Time shift +3 hours (+2 hours in summer)
Economy 2021
Nominal GDP (billion USD) 2.8
Economic growth (%) 6.8
Inflation (%) 10
Unemployment (%) ON

Executive power in Seychelles is held by the president, who is directly elected and has been able to issue presidential decrees since 1993. The President also appoints the Council of Ministers. There are 35 legislators sitting in the National Parliament, 25 seats are distributed on the basis of a simple majority and the remaining 10 using the proportional system. The last presidential and parliamentary elections took place in autumn 2020, the next one is scheduled for October 2025. The two main political parties are the USP (United Seychelles Party) and the Linyon Demokratik Seselwa (LDS) coalition. The LDS party won the last presidential election, giving Seychelles the first time since independence in 1976 that a president was elected from an opposition party. Despite the change in government, the main theme of Seychelles politics is continuity.

In the wake of the 2008 economic crisis, Seychelles took drastic measures aimed at significant macroeconomic and institutional reform. A stricter fiscal policy, exchange rate liberalization and a reduction in the role of the state sector in the economy led to a stabilization of the fiscal situation and debts. The Seychelles economy is dependent on services, which account for up to 85% of GDP. The main sources of income are tourism (30% of GDP) and fish exports (20% of GDP). Fish represents 96% of all exports from the country. It is promising for Czech companies to get involved in the development of infrastructure, building new irrigation systems and reservoirs for fresh water, equipment for recycling water and other raw materials. There is also potential in the supply of small energy sources from renewable sources (wind, biomass). Furthermore, means of transport including airplanes, medical supplies, food, agroprocessing,

The global pandemic had drastic consequences for the Seychelles economy. The decline in tourism also significantly affected related sectors such as transportation, the entertainment industry, finance, etc. Hand in hand with the decline in income went increased spending on health care and social programs. The main source of income for Seychelles is tourists from Europe, so the local economy is closely linked to the development of the epidemic situation on the old continent. Despite a significant drop in GDP in 2020 (-13.8%), it grew again in 2021, by 6.8%. After the rapid growth of the fiscal deficit, it should gradually decrease in the next period. To limit the consequences of the pandemic and strengthen resistance against future shocks, the Seychelles economy should follow a path of greater diversification.

This Summary Territorial Information is processed for a country that is so-called accredited. The information is provided in an abbreviated form.

Basic information about the territory

Subchapters:

  • System of governance and political tendencies in the country
  • Foreign policy of the country
  • Population

The system of governance and political tendencies in the country

Official name of the country: Republic of Seychelles

President: Wavel Ramkalawan (since 26 October 2020)

Political trends: The 2020 presidential election was a watershed for Seychelles. For the first time since the declaration of independence in 1976, an opposition candidate won, replacing the current president, Danny Faure, whose popularity was gradually declining. The LDS party (Linyon Demokratik Seselwa) strengthened its majority in the Parliament and won 25 seats out of 35 in the parliamentary elections, which were held together with the presidential elections after the agreement of the opposition and the ruling party (originally planned for 2021). Compared to the previous period, when power was divided between the Parliament and the President, an easier legislative process and the approval of important reforms in the social field and in the fight against corruption can be expected. Check cancermatters to learn more about Seychelles political system.

Composition of the government:

President, Minister of Public Administration, Defense and Legal Affairs – Wavel Ramkalawan

Vice President, Minister of ICT and Information – Ahmed Afif

Ministry of Agriculture, Climate Change and Environment – Flavien Joubert

Ministry of Fisheries – Jean Francois Ferrari

Ministry of Education – Justin Valentin

Ministry of Employment and Social Affairs – Patricia Francourt

Ministry of Finance, Trade and Economic Planning – Naadir Hassan

Ministry of Foreign Affairs and Tourism – Sylvestre Radegonde

Ministry of Health – Peggy Vidot

Ministry of Home Affairs – Errol Fonseka

Ministry of Investment, Business and Industry – Devika Vidot

Ministry of Town Planning and Housing – Billy Rangasamy

Department of Local Government and Community Affairs – Rose-Marie Hoareau

Ministry of Transport – Antony Derjacques

Ministry of Youth, Sports and Family – Marie-Celine Zialor

Foreign policy of the country

Seychelles’ foreign policy is dominated by the fight against climate change, piracy, illegal fishing and drug smuggling, protection of territorial waters, sustainable tourism and the blue economy. The country’s main partners include the EU, the USA, the countries of the Persian Gulf (especially the UAE and Saudi Arabia), China, India, Sri Lanka and Mauritius. The importance of non-European partners in foreign policy is growing at the expense of traditional European ones. The most important sessions include China (support for schools, hydrogeological marine research, construction of a local TV building), India (construction of naval installations – Indian naval bases) and the UAE (construction of Coast Guard headquarters, including radar and purchase of patrol boats, construction of wind farms in Port Victoria). Check prozipcodes for Seychelles defense and foreign policy.

Maritime security, the fight against piracy and the protection of territorial waters remain a foreign-security priority for the Seychelles government. The country fully supports the regional maritime security strategy. In a specifically Seychelles context, maritime security is linked to drug smuggling, which has a significant socio-pathological effect on Seychelles society. In international forums, Seychelles is stepping up its efforts to combat smuggling and money laundering. The European Union contributes financially to the maritime security of Seychelles, in particular RMIFC (Regional Maritime Information Fusion Centre, based in Madagascar) and RCOC (Regional Center for Operations Coordination, based in Seychelles). The ideal international forum for Seychelles is the Small Island Developing States (SIDS), in which the Seychelles government is actively involved.

Population

Population: 99,202 (National Bureau of Statistics, 2021)

Average annual growth: 0.64% (2022 CIA estimate)

Demographic composition: women 49.3%; men 50.7% (2018, according to SB); by age (CIA estimate for 2022): 0-14 years: 18.85%, 15-24 years: 12.39%, 25-54 years: 49.03%, 55-64 years: 11.46%, 65 and over: 8.27%

National composition – “Seychellois”: Seychellois Creole (90%), Indian/Pakistani, East African and Malagasy, also Arab, Chinese and French populations

Religious composition: Catholic (76%), Protestant (11%), Hindu (2.4%), Muslim (1.6%)