Current account balance in Seychelles
Seychelles: Current account balance was -7.5% 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 % of GDP.
Analysis
In 2024, current account balance in Seychelles stood at -7.5%.
Compared with earlier readings it is down 4.7% on the previous year and up 66.7% over ten years.
Over the whole period, current account balance in Seychelles peaked at 6.1% in 1994 and was at its lowest, -28.5%, in 2011.
Seychelles ranks 159th of 199 countries on this measure, in the bottom quarter.
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 | % of GDP | Change |
|---|---|---|
| 1976 | -7.9% | — |
| 1977 | -2.9% | -63.3% |
| 1978 | -4.7% | +60.6% |
| 1979 | -9.6% | +106.9% |
| 1980 | -10.0% | +3.4% |
| 1981 | -11.5% | +15.2% |
| 1982 | -25.9% | +125.2% |
| 1983 | -16.7% | -35.4% |
| 1984 | -8.3% | -50.5% |
| 1985 | -10.7% | +29.5% |
| 1986 | -15.1% | +40.9% |
| 1987 | -8.0% | -47.1% |
| 1988 | -9.4% | +18.2% |
| 1989 | -12.2% | +30.0% |
| 1990 | -3.3% | -72.9% |
| 1991 | -2.1% | -38.0% |
| 1992 | -1.5% | -27.1% |
| 1993 | 1.7% | -214.4% |
| 1994 | 6.1% | +254.4% |
| 1995 | 0.3% | -95.7% |
| 1996 | -9.8% | -3841.5% |
| 1997 | -11.0% | +12.7% |
| 1998 | -16.4% | +48.8% |
| 1999 | -17.6% | +7.3% |
| 2000 | -6.6% | -62.8% |
| 2001 | -23.1% | +252.4% |
| 2002 | -13.6% | -41.0% |
| 2003 | -1.2% | -90.9% |
| 2004 | -6.8% | +441.7% |
| 2005 | -17.8% | +163.5% |
| 2006 | -12.4% | -30.5% |
| 2007 | -18.0% | +45.6% |
| 2008 | -26.8% | +49.1% |
| 2009 | -22.3% | -17.0% |
| 2010 | -21.8% | -1.9% |
| 2011 | -28.5% | +30.3% |
| 2012 | -14.8% | -48.0% |
| 2013 | -11.9% | -19.7% |
| 2014 | -22.4% | +88.0% |
| 2015 | -17.9% | -20.1% |
| 2016 | -2.6% | -85.4% |
| 2017 | -2.2% | -15.7% |
| 2018 | -2.3% | +6.2% |
| 2019 | -2.8% | +21.4% |
| 2020 | -12.5% | +340.8% |
| 2021 | -10.8% | -14.0% |
| 2022 | -7.1% | -34.2% |
| 2023 | -7.1% | +0.6% |
| 2024 | -7.5% | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -6.3% | -9.6% | -2.9% | 4 |
| 1980s | -12.8% | -25.9% | -8.0% | 10 |
| 1990s | -5.4% | -17.6% | 6.1% | 10 |
| 2000s | -14.9% | -26.8% | -1.2% | 10 |
| 2010s | -12.7% | -28.5% | -2.2% | 10 |
| 2020s | -9.0% | -12.5% | -7.1% | 5 |
Countries ranked near Seychelles
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)
- Manufacturing, value added (constant LCU), per capita 13,276 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 14.54 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1435 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 2,791 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 16.08 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 2.11 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 41,098 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 12.99 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Seychelles?
- Current account balance in Seychelles was -7.5% 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 6.1% in 1994.
- What is the lowest current account balance recorded in Seychelles?
- The lowest recorded value was -28.5% in 2011.
- How does Seychelles rank for current account balance?
- Seychelles ranks 159th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Seychelles?
- Over the last ten years it is up 66.7%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.