Source: world bank Nominal/PPP
Summary:
Seychelles GDP Per Capita expanded from 1960 to 2024, increasing from $0.01 to $2.17 .The compound annual growth rate (CAGR) averaged 8.77% over the period. The economy recorded its peak level in 2023 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 26.2%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Seychelles Economic Phases (1960 - 2024)
From 1960 to 2024, Seychelles economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1964) indicating robust economic expansion
- High Growth (1970–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Contraction (1982–1983) indicating temporary slowdown
- High Growth (1985–1990) indicating robust economic expansion
- High Growth (1992–1993) indicating robust economic expansion
- Expansion (1994–1995) indicating steady moderate growth
- High Growth (1997–1998) indicating robust economic expansion
- High Growth (2004–2006) indicating robust economic expansion
- Contraction (2007–2008) indicating temporary slowdown
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2014–2015) indicating steady moderate growth
- High Growth (2016–2018) indicating robust economic expansion
- High Growth (2021–2023) indicating robust economic expansion
- Contraction (2024–2024) indicating temporary slowdown
The most remarkable growth occurred in 1979 with an increase of 48.752%, while the largest decline was in 2020 at -26.015%.