Remittance inflows to GDP in Seychelles
Seychelles: Remittance inflows to GDP was 0.8% in 2020. ◆ Volatile
Remittance inflows to GDP in Seychelles, 1989–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Seychelles is 0.8%, measured in 2020.
That represents a change of down 40.8% on the previous year and down 53.6% over ten years.
Over the whole period, remittance inflows to gdp in Seychelles peaked at 2.5% in 1992 and was at its lowest, 0.0%, in 1998.
Seychelles ranks 131st of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Seychelles, year by year
| Year | % | Change |
|---|---|---|
| 1989 | 1.4% | — |
| 1990 | 2.0% | +45.7% |
| 1991 | 2.0% | -4.0% |
| 1992 | 2.5% | +26.9% |
| 1993 | 0.1% | -97.5% |
| 1994 | 0.1% | -0.2% |
| 1995 | 0.1% | +62.6% |
| 1996 | 0.1% | +41.2% |
| 1997 | 0.0% | -72.2% |
| 1998 | 0.0% | -51.8% |
| 1999 | 0.0% | +60.3% |
| 2000 | 0.5% | +1610.0% |
| 2001 | 0.3% | -44.0% |
| 2002 | 0.3% | -1.4% |
| 2003 | 0.7% | +142.4% |
| 2004 | 0.8% | +17.9% |
| 2005 | 1.3% | +62.3% |
| 2006 | 1.3% | -0.8% |
| 2007 | 0.5% | -64.7% |
| 2008 | 0.3% | -29.1% |
| 2009 | 1.9% | +482.0% |
| 2010 | 1.8% | -5.8% |
| 2011 | 2.4% | +32.3% |
| 2012 | 1.7% | -29.6% |
| 2013 | 1.0% | -41.9% |
| 2014 | 1.1% | +12.1% |
| 2015 | 1.3% | +19.8% |
| 2016 | 1.5% | +13.9% |
| 2017 | 1.4% | -7.1% |
| 2018 | 1.4% | +0.8% |
| 2019 | 1.4% | +1.2% |
| 2020 | 0.8% | -40.8% |
Seychelles compared with similar countries
- Seychelles's 0.8% is above the median for high income countries, which is 0.8%, 1.1× the median. (67 countries reporting)
- Seychelles's 0.8% is below the median for Sub-Saharan Africa, which is 2.4%, 35% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP in Seychelles changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +1610.0% | 0.0% | 0.5% |
| 2009 | +482.0% | 0.3% | 1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.4% | 1.4% | 1.4% | 1 |
| 1990s | 0.7% | 0.0% | 2.5% | 10 |
| 2000s | 0.8% | 0.3% | 1.9% | 10 |
| 2010s | 1.5% | 1.0% | 2.4% | 10 |
| 2020s | 0.8% | 0.8% | 0.8% | 1 |
Countries ranked near Seychelles
More financial sector data for Seychelles
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 39.96 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 29.18 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 39.96 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Seychelles?
- Remittance inflows to gdp in Seychelles was 0.8% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Seychelles?
- The highest recorded value was 2.5% in 1992.
- What is the lowest remittance inflows to gdp recorded in Seychelles?
- The lowest recorded value was 0.0% in 1998.
- How does Seychelles rank for remittance inflows to gdp?
- Seychelles ranks 131st out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Seychelles?
- Over the last ten years it is down 53.6%. The long-run trend across the full record is volatile.
- Where does this Seychelles data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.