Economy
Nominal GDP
USD 2.26 billion
GDP per capita
USD 17,522
2021–2025 average
Currency
- Name
- Seychellois rupee
Сейшельская рупия - ISO code
- SCR
- Rate against the US dollar
- USD 1 = 14.63 SCR
- Rate against the rouble
- 1 SCR = 5.7113 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- National currency
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data (https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS); World Bank, WDI: NV.AGR/NV.IND/NV.SRV.TOTL.ZS, calculation of averages for 2021–2025 (https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS). Period: 2021–2025 average
- Agriculture 2.5%
- Industry 13.0%
- Services 69.5%
Industries and programmes
- Key industries
- Tourism (the main source of revenue), fishing and tuna processing, and financial services.Source: AfDB, Seychelles Economic Outlook (https://www.afdb.org/en/countries/east-africa/seychelles/seychelles-economic-outlook)
- Government programmes
- National Development Strategy 2024–2028Source: Seychelles Ministry of Finance, NDS 2024–2028 (https://www.finance.gov.sc/blog/2024/04/05/the-national-development-strategy-2024-2028-is-launched/)
- Vision 2033Source: Seychelles Ministry of Finance, NDS 2024–2028 (https://www.finance.gov.sc/blog/2024/04/05/the-national-development-strategy-2024-2028-is-launched/)
- The “blue economy”Source: Seychelles Ministry of Finance, NDS 2024–2028 (https://www.finance.gov.sc/blog/2024/04/05/the-national-development-strategy-2024-2028-is-launched/)
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 0.46 | 100.0 |
| 2022 | 0.54 | 117.4 |
| 2023 | 0.54 | 117.4 |
| 2024 | 0.56 | 121.7 |
| 2025 | 0.55 | 119.6 |
- Imports of goods
- USD 1.43 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 1.90 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- +19.6%
- Average annual rate of change in exports of goods, 2021–2025
- +4.6%
Export specialisation
Main export products
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Main export destinations
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Investment areas
Source: AfDB, Seychelles Economic Outlook (https://www.afdb.org/en/countries/east-africa/seychelles/seychelles-economic-outlook)- Tourism
- Fish processing
- The “blue economy”
- Renewable energy
- Financial services
Agreements with Russia
Investment protection
There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.
Source: UNCTAD Investment Policy Hub (https://investmentpolicy.unctad.org/international-investment-agreements)Absent
Double taxation
There is no double taxation agreement with Russia.
Source: Russian Ministry of Finance, list of double taxation agreements in force — (the country is not on the list (https://minfin.gov.ru/ru/perfomance/tax_relations/international/international_dtt)Absent
Visa requirements
For Russian citizens holding ordinary passports: visa-free, up to 30 days — agreement dated 2 September 2015
Source: Alwihda Info (https://www.alwihdainfo.com/visa-free-travel-to-russian-federation-for-seychelles-citizens-comes-into-force-a25167/); travelto.ru (https://travelto.ru/blog/nuzhna-li-viza-na-seyshely-rossiyanam/)Visa-free
Peaceful nuclear energy
No information
Other agreements
Source: ppt.ru, Federal Law No. 129-FZ (https://ppt.ru/obzory/vstupaet-v-silu/federalnyy-zakon-07-06-2025-129-fz); Seychelles Gazette, S.I. 88 of 2024 (https://gazette.sc/sites/default/files/2024-10/SI%2088%202024%20-%20Government%20of%20the%20Russian%20Federation%20Debt%20Restructuring%20Agreement%20Debt%20Order%202024.pdf)- Agreement on the Waiver of Visa Requirements for Short-Term Visits (2 September 2015; in force since 14 December 2015): visa-free entry for up to 30 days.
- Treaty on Mutual Legal Assistance in Criminal Matters (signed 27 July 2023; ratified by Federal Law No. 129-FZ dated 7 June 2025).
- Debt Restructuring Agreement (signed 20–21 June 2024).
Incentives
- Main regimes and incentives
- Source: Seychelles Investment Act 2010 — Seychelles Investment Board
Investment Act 2010; regimes for tourism projects and fish processing; tax incentives in selected sectors.
- Investment agency
- SIB — Seychelles Investment Board
