trade portal
Eden Island, Seychelles
Seychelles Airport
Victoria, Mahe
Victoria-industry-harbor
IMG-20220607-WA0019
Slide two
Edin Irland
main slide two
IMG-20220607-WA0008
Slide one
Market
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Press Release-The Import Permit Unit- E-Service application

March 21, 2023

Press Release-The Import Permit

The Import Permit Unit of the Trade Department has announced that since the start of the week, all Government agencies, NGOs and Offshore companies can access its e-service and apply for their permits. Any client wishing to have access to the e-service.......

Call for Invitation of Bids-Procurement of service vessel and underwater drone in Seychelles  

March 21, 2023

Call for Invitation of Bids-Procurement

11th EDF Economic Partnership Programme -Procurement of service vessel and underwater drone in Seychelles  INTPA/MRU/2023/EA-LOP/0049.......

Call for Invitation of Bids-Procurement of servers in Seychelles

March 21, 2023

Call for Invitation of Bids-Procurement

11th EDF Economic Partnership Programme - Procurement of servers in Seychelles INTPA/MRU/2023/EA-LOP/0050.......

Call for Invitation of Bids- Procurement of laboratory and testing equipment for Seychelles Bureau of Standards and Seychelles Fishing Authority, Seychelles

March 21, 2023

Call for Invitation of Bids- Procurement

11th EDF Economic Partnership Programme - Procurement of laboratory and testing equipment for Seychelles Bureau of Standards and Seychelles Fishing Authority, Seychelles INTPA/MRU/2023/EA-LOP/0047.......

Call for Invitation of bids-11th European Development Fund (EDF) Economic Partnership Agreement (EPA) Programme – Procurement of Equipment for a Pig Abattoir on Praslin Island, Seychelles

March 21, 2023

Call for Invitation of bids-11th

11th European Development Fund (EDF) Economic Partnership Agreement (EPA) Programme – Procurement of Equipment for a Pig Abattoir on Praslin Island, SeychellesINTPA/MRU/2023/EA-LOP/0045.......

‎Seychelles at a Glance

Seychelles has a mixed, developing economy that is heavily dependent on tourism and ‎fisheries. Growth has been led by the tourism sector and by tuna fishing. The tourism ‎industry directly employs about 30% of the labour force and directly and indirectly accounts ‎for over 70% of the GDP.

Type of Economy Open Economy
Inflation (yearly average) 9.96% (2021)‎
National Currency Seychelles Rupees (SCR)‎
Labour Force (December 2021)‎ ‎66.7%‎‎
Unemployment (December 2021)‎‎ ‎3.3%‎‎
Exchange Rate (Jan 2022) Central bank of ‎Seychelles Website‎
  • US$ 1= SCR 14.72‎
  • € 1= SCR 16.92
  • ‎£ 1= SCR 20.06‎
Agricultural products‎ ‎Sweet potatoes,‎Cinnamon, cassava, and ‎Banana
Industries‎ ‎Tourism, Fisheries, Manufacturing, ‎Financial and Agriculture‎‎
Industrial production growth rate‎ ‎Due to COVID 19 in 2021 it decreases ‎‎15.20% in 2021.However prior to COVID, ‎it was 3.2%‎‎‎
Commercial bank prime lending rate ‎Average 8.5%‎
Business Hours‎ ‎‎08.00Hrs-16.00hrs‎

Internet penetration rate (% Population)‎ 72.1%
Internet subscriptions 31-Dec-2020‎ 119,010
Internet Users 31-DEC-20‎ ‎71,300‎‎
Internet Growth % 2000 – 2020‎ ‎‎1,088 %‎
Facebook subscribers 31-DEC-2020‎ ‎‎71,300‎‎‎

Seychelles has yet to establish a holistic strategy for tapping into the full benefits of the ‎digital economy. Given the many benefits as well as drawbacks, efforts are being made to ‎establish national positions. The use of existing consultations platforms such as the National ‎Committee on Domestic Regulations for Trade in Service has begun working on establishing ‎a national strategy to fully tap into the benefits of the digital economy.‎

‎Future Plan for E-Commerce

A future with e-commerce is a future paved towards growth. There exists great potential to ‎promote greater international trade and contribute to the country’s international ‎development by improving access to markets and communities that would be otherwise ‎inaccessible. ‎ As such, plans for the future are to:‎

  • First and foremost improve the structure of e-commerce by reviewing and modernizing laws ‎and regulations governing e-commerce as well as protecting consumers.
  • Moreover, conduct assessments to obtain a deeper view of the status of E-commerce in the ‎country.
  • and finally, formulate and introduce an action plan to guide the country’s efforts on this ‎area.