AfCFTA Export Guide

April 23, 2024

AfCFTA Export Guide

The AfCFTA Trade in Services Export Guide aims to provide Seychellois businesses, and entrepreneurs with the trade-based information necessary to offer their services to the African market. Research shows…….

Registered Intellectual

March 1, 2024

Registered Intellectual

Property in Seychelles for 2023…….

Press Release-11th EDF EPA Project is continuing its cooperation with the SCCI

December 22, 2023

Press Release-11th EDF EPA Project

Press-Release- 11th EDF EPA Project is continuing its cooperation with the SCCI in giving support to the Private Sector, in particular, the SMEs and Start-ups. …….

Seychelles Trade Success Story – Bristol Enterprises Limited

December 22, 2023

Seychelles Trade Success Story

“Trade Success” is a series about stories of entrepreneurs who benefit from the Economic Partnership Agreement (EPA)between the European Union (EU) and signatory countries of the Eastern and Southern Africa…….

2023 World Intellectual Property Organization (WIPO) Global Awards

December 22, 2023

2023 World Intellectual Property

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

‎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.
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