Seychelles: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Seychelles |
Trade balance as percent of GDP |
|---|---|
| Latest value | -18.03 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1976 - 2024 |
| Average | -25.75 |
| Min - Max | -61.89 - 6.21 |
| Source | The World Bank |
The latest value from 2024 is -18.03 percent, a decline from -14.01 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for the Seychelles from 1976 to 2024 is -25.75 percent. The minimum value, -61.89 percent, was reached in 1976 while the maximum of 6.21 percent was recorded in 2003.
See the global rankings or
world map for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
The trade balance for the Seychelles and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 94.50 | 2023 | percent |
| Trade openness | 188.37 | 2024 | percent |
| Financial openness | 2.290 | 2022 | index points |
| Exports, percent of GDP | 85.17 | 2024 | percent |
| Exports, billion dollars | 1.85 | 2024 | billion U.S. dollars |
| Growth of exports | 3.82 | 2024 | percent |
| Imports, percent of GDP | 103.20 | 2024 | percent |
| Imports, billion dollars | 2.24 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 10.96 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.30 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 3.47 | 2024 | million dollars (current) |
| Current account, percent of GDP | -7.40 | 2023 | percent |
| Trade balance, percent of GDP | -18.03 | 2024 | percent |
| Trade balance, in dollars | -0.06 | 2023 | billion U.S. dollars |
| Reserves | 0.77 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 0.49 | 2023 | percent |
| Remittances | 11.42 | 2023 | million U.S. dollars |
| Net errors and omissions | -8.62 | 2023 | million USD |