Current account balance in Seychelles
Seychelles: Current account balance was -166.20 million BoP, current US$ in 2024. ◆ Volatile
Current account balance in Seychelles, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Seychelles recorded -166.20 million BoP, current US$ for current account balance in 2024.
The figure is down 7.4% on the previous year and up 46.5% over ten years.
Over the whole period, current account balance in Seychelles peaked at 31.39 million BoP, current US$ in 1994 and was at its lowest, -310.40 million BoP, current US$, in 2014.
That places Seychelles 97th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Seychelles, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | -3.90 million BoP, current US$ | — |
| 1977 | -1.87 million BoP, current US$ | -52.0% |
| 1978 | -3.98 million BoP, current US$ | +113.0% |
| 1979 | -12.26 million BoP, current US$ | +207.8% |
| 1980 | -15.62 million BoP, current US$ | +27.4% |
| 1981 | -18.79 million BoP, current US$ | +20.3% |
| 1982 | -40.64 million BoP, current US$ | +116.2% |
| 1983 | -26.05 million BoP, current US$ | -35.9% |
| 1984 | -13.29 million BoP, current US$ | -49.0% |
| 1985 | -19.20 million BoP, current US$ | +44.5% |
| 1986 | -33.29 million BoP, current US$ | +73.4% |
| 1987 | -21.11 million BoP, current US$ | -36.6% |
| 1988 | -28.41 million BoP, current US$ | +34.6% |
| 1989 | -39.65 million BoP, current US$ | +39.6% |
| 1990 | -12.98 million BoP, current US$ | -67.3% |
| 1991 | -8.17 million BoP, current US$ | -37.0% |
| 1992 | -6.90 million BoP, current US$ | -15.5% |
| 1993 | 8.63 million BoP, current US$ | -225.0% |
| 1994 | 31.39 million BoP, current US$ | +263.8% |
| 1995 | 1.42 million BoP, current US$ | -95.5% |
| 1996 | -52.42 million BoP, current US$ | -3803.5% |
| 1997 | -66.10 million BoP, current US$ | +26.1% |
| 1998 | -106.28 million BoP, current US$ | +60.8% |
| 1999 | -116.76 million BoP, current US$ | +9.9% |
| 2000 | -42.92 million BoP, current US$ | -63.2% |
| 2001 | -153.06 million BoP, current US$ | +256.6% |
| 2002 | -101.27 million BoP, current US$ | -33.8% |
| 2003 | -9.36 million BoP, current US$ | -90.8% |
| 2004 | -60.32 million BoP, current US$ | +544.3% |
| 2005 | -174.07 million BoP, current US$ | +188.6% |
| 2006 | -133.77 million BoP, current US$ | -23.2% |
| 2007 | -194.01 million BoP, current US$ | +45.0% |
| 2008 | -262.95 million BoP, current US$ | +35.5% |
| 2009 | -189.46 million BoP, current US$ | -27.9% |
| 2010 | -214.39 million BoP, current US$ | +13.2% |
| 2011 | -301.29 million BoP, current US$ | +40.5% |
| 2012 | -161.31 million BoP, current US$ | -46.5% |
| 2013 | -158.61 million BoP, current US$ | -1.7% |
| 2014 | -310.40 million BoP, current US$ | +95.7% |
| 2015 | -256.18 million BoP, current US$ | -17.5% |
| 2016 | -41.00 million BoP, current US$ | -84.0% |
| 2017 | -36.92 million BoP, current US$ | -9.9% |
| 2018 | -41.78 million BoP, current US$ | +13.2% |
| 2019 | -53.12 million BoP, current US$ | +27.1% |
| 2020 | -173.24 million BoP, current US$ | +226.2% |
| 2021 | -160.17 million BoP, current US$ | -7.5% |
| 2022 | -141.65 million BoP, current US$ | -11.6% |
| 2023 | -154.68 million BoP, current US$ | +9.2% |
| 2024 | -166.20 million BoP, current US$ | +7.4% |
Seychelles compared with similar countries
- Seychelles's -166.20 million BoP, current US$ is below the median for high income countries, which is 303.23 million BoP, current US$. (72 countries reporting)
- Seychelles's -166.20 million BoP, current US$ is above the median for Sub-Saharan Africa, which is -749.01 million BoP, current US$, 22% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Seychelles changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | -3803.5% | 1.42 million BoP, current US$ | -52.42 million BoP, current US$ |
| 2004 | -544.3% | -9.36 million BoP, current US$ | -60.32 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -5.50 million BoP, current US$ | -12.26 million BoP, current US$ | -1.87 million BoP, current US$ | 4 |
| 1980s | -25.61 million BoP, current US$ | -40.64 million BoP, current US$ | -13.29 million BoP, current US$ | 10 |
| 1990s | -32.82 million BoP, current US$ | -116.76 million BoP, current US$ | 31.39 million BoP, current US$ | 10 |
| 2000s | -132.12 million BoP, current US$ | -262.95 million BoP, current US$ | -9.36 million BoP, current US$ | 10 |
| 2010s | -157.50 million BoP, current US$ | -310.40 million BoP, current US$ | -36.92 million BoP, current US$ | 10 |
| 2020s | -159.19 million BoP, current US$ | -173.24 million BoP, current US$ | -141.65 million BoP, current US$ | 5 |
Countries ranked near Seychelles
- 94 Guinea-Bissau -161.73 million BoP, current US$ compare
- 95 Saint Kitts and Nevis -162.32 million BoP, current US$ compare
- 96 Saint Lucia -166.18 million BoP, current US$ compare
- 98 Panama -169.05 million BoP, current US$ compare
- 99 Saint Vincent and the Grenadines -201.72 million BoP, current US$ compare
- 100 Bangladesh -239.44 million BoP, current US$ compare
More economy & growth data for Seychelles
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.59 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -41.42 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0186 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -341.28 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 226.13 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.66 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1015 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,863 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 13.31 % change on previous year (2024)
Frequently asked questions
- What is current account balance in Seychelles?
- Current account balance in Seychelles was -166.20 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Seychelles?
- The highest recorded value was 31.39 million BoP, current US$ in 1994.
- What is the lowest current account balance recorded in Seychelles?
- The lowest recorded value was -310.40 million BoP, current US$ in 2014.
- How does Seychelles rank for current account balance?
- Seychelles ranks 97th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Seychelles?
- Over the last ten years it is up 46.5%. The long-run trend across the full record is volatile.
- Where does this Seychelles data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.