National Bureau of Statistics, Seychelles

In 2022 Q3, the average number of employed persons for All sectors was 55,119 and average earnings were SCR 14,719. This represents an increase of 11.4% in employment numbers and 0.3% in average earnings compared to the same quarter in 2021. Compared to the second quarter of 2022, the overall average employment across All industries recorded an increase (5.0%), with the private sector recording the highest increase (8.6%). Employment in tourism related industries also recorded an increase of (18.3%). 

Cases under Employment Tribunal of Seychelles 

The ‘All Items’ Index in August 2024 stood at 126.35  compared  to 125.66  in  August 2023,representing  a  year-on-year  inflation  rate  of 0.54% in August 2024.The year on year Core inflation, which excludes fresh fish and energy items (fuel prices and electricity), worked out to -0.61%. The ‘All Items’ 12-month average inflation for the period ending August 2024 (measured by the ratio of the average monthly index of the period Sep 2023 - Aug 2024 to the average monthly index of Sep 2022 - Aug 2023) stood at -0.92%. Over the same period, the rate of inflation for ‘Fish’ was 4.40%, ‘Other Food’ -2.02% and ‘Non-Food’ -0.84%. The 12-monthly average core inflation stood at -0.92%.                

Note: Base period = 2014 for data from 2014 to date. In quarter 2 of 2022 the ‘year on year’ real GDP recorded a growth (4.7%) compared to 2021 Q2. On a quarter on quarter comparison (2022 Q2 over  2022 Q1), real GDP decreased by 1.2%. This was driven mainly by a fall in the ‘Accommodation and food services’, ‘Professional, scientific and technical activities’, ‘Manufacture of fishery products’, ‘Information and communication’ and ‘Public Administration’. An analysis of GDP by expenditure shows that Final consumption expenditure of Households and NPISH and Government contributed 59% and 26% of GDP, respectively. The share of Gross Capital Formation was 31%, Exports 138% and Imports 154%.