Seychelles Economy - Savoy Resort & Spa

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Savoy Resort Spa Seychelles Economy
If you are going on a trip to Seychelles, then,
of course, it is important for you to know more
about this state. In this presentation, we will
talk about the Seychelles economy.
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According to the economic index, the Seychelles
in 2019 occupies 87th place in the world and 6th
place from 47 countries south of Africa.
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The main source of income is tourism. High
growth in the tourism industry provoked an
increase in income to above average. To raise
other sectors, the government invests in other
sectors of the economy - reduces debts, removes
inefficient enterprises, subsidizes electricity
prices.
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The share of exports and spoils is 192. The
banking sector consists of private and public
institutions.
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The agrarian sector today does not bring more
than two percent of the profit to the country's
economy. Although, a few decades ago, these
islands were characterized as agrarian. Only six
thousand hectares of land are occupied by
agricultural land. Most of the local population
grows banana, sweet potato, avocado, millet, tea,
various vegetables, as well as cinnamon.
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The bulk of exports are fresh and frozen fish and
seafood, cinnamon and canned fruits. Seychelles
maintains excellent export ties with England, the
United States, central European countries, Japan
and Thailand.
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The imported products are based on food
products, all petroleum products, various
equipment, automobiles, tobacco and tobacco
products, as well as chemical and pharmaceutical
products of detail. These products are bought
mainly in France, Saudi Arabia, Italy, Singapore
and England.
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GDP per capita is approximately 28 thousand
dollars. The size of government debt per capita
is about fifteen thousand dollars. Government
debt is fifty-three percent of GDP. The
unemployment rate is quite low, less than three
percent. The local population is quite conscious
about the economic situation in the country,
therefore it does not evade taxes and tries to
make the largest possible contribution to the
development of its republic.
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Contacts
Beau Vallon beach, Mahe island, Seychelles 248
252 02 00 reservation_at_savoy.sc savoy.sc