Since independence in 1976, per capita output in this Indian Ocean archipelago has expanded to roughly seven times the pre-independence, near-subsistence level, moving the island into the high income group of countries. Growth has been led by the tourist sector, which directly employs about 26% of the labor force and directly and indirectly accounts for more than 55% of GDP, and by tuna fishing. In recent years, the government has encouraged foreign investment to upgrade hotels and other services. At the same time, the government has moved to reduce the dependence on tourism...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2022 | 21,893,815,570 | 20,365,088,263 | SCR | Annual |
Nominal Gross Domestic Product | 2022 | 29,372,962,843 | 25,163,758,379 | SCR | Annual |
Investment | 2019 | 6,079,600,000 | 5,863,200,000 | SCR | Annual |
Nominal Fixed Investment (gross fixed capital formation) | 2015 | 6,465,000,000 | 6,767,000,000 | NCU | Annual |
Real Private Consumption | 2006 | 2,429,000,000 | NCU | Annual | |
Real Government Consumption | 2006 | 2,213,307,900 | NCU | Annual | |
Real Fixed Investment (gross fixed capital formation) | 2006 | 1,708,000,000 | NCU | Annual | |
Real Investment | 2006 | 1,708,000,000 | NCU | Annual | |
Government Consumption | 2005 | 883.14 | 1,018 | Mil. SCR | Annual |
Real Gross Domestic Product | 2001 | 100.95 | 100 | Index 2000=100 | Annual |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Oct 2021 | 159.6 | 158.63 | 2010=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Wage & Salaries | 2016 | 2,047,527,661 | 1,209,275,520 | NCU | Annual |
Total Employment | Sep 2009 | 42,390 | 42,066 | #, NSA | Monthly |
Labor Force Employment | Sep 2009 | 42,390 | 42,066 | #, NSA | Monthly |
Trade | Reference | Last | Previous | Units | Frequency |
Exports of Goods | 2023 Q1 | 113,453,858 | 140,015,820 | USD, NSA | Quarterly |
Balance of Goods | 2023 Q1 | -201,900,468 | -188,545,211 | USD, NSA | Quarterly |
Imports of Goods | 2023 Q1 | 315,354,327 | 328,561,031 | USD, NSA | Quarterly |
Current Account Balance | 2023 Q1 | -9,305,788 | -9,028,742 | USD, NSA | Quarterly |
Exports of Goods and Services | 2022 | 25,961,733,153 | 20,197,406,659 | SCR | Annual |
Imports of Goods and Services | 2022 | 28,722,531,955 | 26,046,237,158 | SCR | Annual |
Real Exports of Goods and Services | 2006 | 4,733,280,700 | NCU | Annual | |
Real Imports of Goods and Services | 2006 | 5,640,073,400 | NCU | Annual | |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | 2016 | 6,923,965,770 | 6,227,637,884 | NCU | Annual |
Outstanding Public Debt | 2015 | 11,616,521,354 | 11,784,224,932 | NCU | Annual |
Government Expenditures | 2015 | 21,081,000,000 | 20,871,000,000 | NCU | Annual |
Government Budget Balance | 2010 | 7,620,074 | -167,180,077 | current LCU | Annual |
Markets | Reference | Last | Previous | Units | Frequency |
Treasury Bills (over 31 days) | Nov 2023 | 1.57 | 1.54 | % p.a., NSA | Monthly |
Average Long-term Government Bond | May 2017 | 5 | 5 | % | Monthly |
Lending Rate | Nov 2008 | 13.17 | 8.88 | % - End of period | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Change in Inventories | 2000 | 100,000 | 58,700,000 | NCU | Annual |
Real Change in Inventories | 1999 | 160,545,300 | 39,246,800 | NCU | Annual |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2017 | 95,843 | 94,677 | # | Annual |
Net Migration | 2017 | -1,000 | # | Annual | |
Birth Rate | 2014 | 17 | # per Ths. pop. | Annual | |
Death Rate | 2013 | 8 | # per Ths. pop. | Annual |