Seychelles 1999

Yearbook 1999

Seychelles. Visit Countryaah official website to get information about the capital city of Seychelles. The largest opposition party, the Seychelles National Party (SNP), increased its criticism of the government for its failure to lift the continuing economic downturn. The SNP also sought to take advantage of the continuing rumors of the failing health of President France Albert Rene. RenĂ©, who has dominated the country’s politics since 1977, appeared less and less public.

Map of Seychelles Victoria in English

Economy

Inflation rate 2.90%
Unemployment rate 3%
Gross domestic product (GDP) $ 2,750,000,000
GDP growth rate 5.30%
GDP per capita $ 29,300
GDP by sector
Agriculture 2.50%
Industry 13.80%
Service 83.70%
State budget
Revenue 439.7 million
Expenditure 408.5 million
Proportion of the population below the national poverty line
Distribution of household income
Top 10% 15.4
Lower 10% 4.7
Industrial production growth rate 2.70%
Investment volume 28.3% of GDP
National debt 63.60% of GDP
Foreign exchange reserves $ 538,800,000
Tourism 2014
Number of visitors 233,000
Revenue $ 481,000,000

 

The state-controlled broadcaster SBC’s decision to cease live broadcasts of parliamentary debates was heavily criticized by SNP leader Wavel Ramkalawan, who accused the Seychelles People’s Progressive Front (SPPF) government of trying to limit his party’s ability to operate. The SPPF also decided to withdraw state aid to the parties. A new party, the Social Democratic Alliance (SDA), was formed in late April by former central bank governor Guy Morel. As a reason for forming the party, Morel indicated the need to address the country’s economic problems with vigor.

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