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The economy of Seychelles is based on fishing, tourism, processing of coconuts and vanilla, coir rope, boat building, printing, furniture and beverages. [ 8 ] [ 9 ] Agricultural products include cinnamon , sweet potatoes , cassava ( tapioca ), bananas , poultry and tuna .
Economy of Seychelles. Economic rank, by nominal GDP (2007): 172nd (one hundred and seventy second) Agriculture in Seychelles; Communications in Seychelles. Internet in Seychelles; Companies of Seychelles; Currency of Seychelles: Rupee. ISO 4217: SCR; Energy in Seychelles Renewable energy in Seychelles; Mineral industry of Seychelles; Mining in ...
The plantation sector of the economy declined in prominence, and tourism became the primary industry of Seychelles. Consequently, there was a sustained spate of hotel construction throughout almost the entire 1970s which included the opening of Coral Strand Smart Choice, Vista Do Mar and Bougainville Hotel in 1972.
Tourism is the most important nongovernment sector of Seychelles' economy. About 15 percent of the formal work force is directly employed in tourism, and employment in construction, banking, transportation, and other activities is closely tied to the tourist industry. Tourists enjoy the Seychelles' coral beaches and opportunities for water sports.
The Seychelles is a small island country in the Indian Ocean.It is a popular tourist destination with an economy that is heavily dependent on the ocean. In Seychelles, the fisheries sector employs 17% of the population and contributes 20% to GDP [3]
In addition, the agricultural sector consisted of state farms of the Seychelles Agricultural Development Company (Sadeco) and the outer islands managed by the IDC; three other large holdings producing mainly coconuts, cinnamon, and tea; about 250 families engaged in full-time production of foodstuffs; and an estimated 700 families working on a ...
JEPQ data by YCharts.. Long-term dividend yields. The monthly payouts added up to $5.38 per share over the last year, or a 10.7% yield against the current share price of approximately $58.
Since Seychelles' independence in 1976, per capita output in this Indian Ocean archipelago has expanded to roughly seven times the old near-subsistence level. Growth has been led by the tourist sector, which employs about 30% of the labor force and provides more than 70% of hard currency earnings, followed by tuna fishing .