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Finance of Seychelles

The minimum monthly wage in Seychelles is 304 USD. With regard to consumer prices, the inflation rate in Seychelles is 4.3%. The currency of Seychelles is Seychellois rupee. The plural form of the word Seychellois rupee is rupees. The symbol used for this currency is ₨, and it is abbreviated as SCR. The Seychellois rupee is divided into cent; there are 100 in one rupee. Each year, consumers spend around $530 million. The ratio of consumer spending to GDP in Seychelles is 0.04%, and the ratio of consumer spending to the world consumer market is 0.15%. The corporate tax in Seychelles is set at 25%. VAT in Seychelles is 15%. In 2013, Seychelles received 35.3 million USD in foreign aid.In 2014, the foreign aid amounted to 22.1 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Seychelles is $2,424 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Seychelles was last recorded at $25,452,827. PPP in Seychelles is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Seychelles is 1,445 billion. Based on this statistic, Seychelles is considered to have a small economy. Countries with small economies generally support less industries and opportunities for investment. However, worthwhile investment opportunities may be found. The Gross Domestic Product (GDP) per capita in Seychelles was last recorded at $15,172,993. The average citizen in Seychelles has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Seychelles averaged 3.7% in 2014. According to this percentage, Seychelles is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.