Seychelles: 2017 Article IV Consultation and Sixth Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Seychelles
IMF Staff Country Reports, June 20, 2017
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- Seychelles: 2017 Article IV Consultation and Sixth Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Seychelles
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Bibliographic details
- Published: June 20, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484304785.002
Macroeconomic performance (2016)
- Economic growth reached 4.5 percent.
- Growth drivers identified: increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector.
- Gross international reserves at the end of 2016 reached four months of prospective imports of goods and services.
Inflation and exchange rate
- Inflation (year over year) was negative throughout early 2017.
- The report cites a stable exchange rate and low commodity prices as contributors to the disinflationary environment.
External accounts and outlook
- The external current account deficit remained largely unchanged in 2016.
- With continued foreign investment and rising arrivals in the tourism sector, the growth outlook for 2017 remains positive.
Publication and metadata
- Publication date: June 20, 2017
- Pages: 61
- Series: Country Report No. 2017/160
- Issue: 160
- Volume: 2017
- DOI: https://doi.org/10.5089/9781484304785.002
- Stock No: 1SYCEA2017002
- ISBN: 9781484304785
- ISSN: 1934-7685
- Subjects listed: Asset and liability management, Climate change, Debt reduction, Environment, Expenditure, Public debt, Public financial management (PFM)
International Monetary Fund. Seychelles: 2017 Article IV Consultation and Sixth Review Under the Extended Arrangement—Press Release; Staff Report; and Statement by the Executive Director for Seychelles (June 20, 2017).
Content in this bundle
- Country Report