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Country name:

conventional long form: Republic of Seychelles
conventional short form: Seychelles

 

 

Capital:

Victoria

 

Location:

Indian Ocean, 1,600km (990 miles) east of Kenya.

 

Area:

455.3 sq km (176 sq miles).
 

 

 

map of Seychelles

Description:
The Seychelles Archipelago occupies 400,000 sq km (150,000 sq miles) of the Indian Ocean northeast of Madagascar and contains 115 islands and islets. These fall into two groups of markedly different appearance, stemming from their distinct geologies:

Granitic: A dense cluster of 43 islands, the only mid-ocean group in the world with a granite rock formation. Their lush green vegetation is tropical in character.

Coralline: Isolated coral outcrops speckling a vast area of the Indian Ocean to the southwest of the granitic group. They rise only a few feet above sea level but are covered with rich and dense vegetation due to fertilisation by copious amounts of guano. There is no permanent population. Aldabra, the largest atoll in the world, contains one-third of all Seychellois land and is a UNESCO-designated World Heritage Site.

The largest island in either group is Mah?�, lying 4?�S of the equator. It is 27km (17 miles) long by 8km (5 miles) wide and contains Victoria, the capital and main port, and 90% of the population. Mah?� is typical of the Granitic Islands, being mountainous and covered with jungle vegetation. Its highest point, indeed the highest point in the Seychelles, is Morne Seychellois (905m/2,970ft). The isolated nature of the Seychelles has given rise to the evolution of many unique species of flora and fauna, including the coco-de-mer palm and unique varieties of orchid, giant tortoise, gecko, chameleon and ��?flying fox’ (fruitbat).

 

Population:

81,100 (official estimate 2005).
 

Languages:

Creole, English and French
 

 

Economy - overview:

Tourism is the largest industry in the Seychelles; it now accounts for over 20% of GDP. The service sector as a whole covers three-quarters of the economy. In 2007, GDP growth was 5.8% and inflation was 2.9%.
Fishing has become increasingly important from the 1980s onwards, both through expansion of domestic operations and the lucrative sale of licences to foreign fleets.
Industry comprises a small mining sector plus light and small-scale industries including food and drinks (notably a tuna-canning operation) and boat-building. There is also a thriving re-export business based on a recently established export-processing zone.
The economy's heavy dependence on tourism makes it especially vulnerable to external factors
The economy contracted by 2.8% in 2005. The main financial problem is the size of the country's external debt. The Seychelles must import many essential products (an expensive process given the islands' location) and this consumes the bulk of the foreign exchange earned from tourism.

Economy:

Tourism is the largest industry in the Seychelles; it now accounts for over 20% of GDP. The service sector as a whole covers three-quarters of the economy. In 2007, GDP growth was 5.8% and inflation was 2.9%.
Fishing has become increasingly important from the 1980s onwards, both through expansion of domestic operations and the lucrative sale of licences to foreign fleets.
Industry comprises a small mining sector plus light and small-scale industries including food and drinks (notably a tuna-canning operation) and boat-building. There is also a thriving re-export business based on a recently established export-processing zone.
The economy's heavy dependence on tourism makes it especially vulnerable to external factors
The economy contracted by 2.8% in 2005. The main financial problem is the size of the country's external debt. The Seychelles must import many essential products (an expensive process given the islands' location) and this consumes the bulk of the foreign exchange earned from tourism.
 

 

Industries:

fishing; tourism; processing of coconuts and vanilla, coir (coconut fiber) rope, boat building, printing, furniture; beverages

 

Exports:
Canned tuna, fish, prawns and re-exports of petroleum.

Imports:
Food and live animals, manufactured goods, fuel and machinery.

• Main trade partners: UK, France, Saudi Arabia, Italy and Spain.

Exchange rates:
http://www.worldtravelguide.net/country/248/business/Africa/Seychelles.html


GDP :
US$733 million (2007).
 

 

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  Copyright By :  Kish Trade Promotion Center  2002