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Economy of China vs Seychelles compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $2.17B for the Seychelles, ranking 2/197 and 178/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

China vs Seychelles GDP by year

China
Seychelles
1x
Year GDP, current $
China Seychelles
2024 $18,743,803,170,827 $2,167,239,562
2023 $18,270,356,654,533 $2,187,379,755
2022 $18,316,765,021,690 $2,018,346,589
2021 $18,201,698,719,564 $1,487,173,795
2020 $14,996,414,166,715 $1,382,551,752
2019 $14,560,167,101,283 $1,868,690,097
2018 $14,147,765,772,964 $1,784,313,927
2017 $12,537,559,062,283 $1,675,370,641
2016 $11,456,024,084,962 $1,568,513,348
2015 $11,280,814,787,469 $1,432,403,352
2014 $10,674,533,168,257 $1,387,577,870
2013 $9,743,124,247,267 $1,333,160,407
2012 $8,673,664,713,189 $1,089,407,839
2011 $7,671,757,207,851 $1,058,918,707
2010 $6,192,564,874,453 $981,616,542
2009 $5,189,577,094,998 $850,901,620
2008 $4,667,346,414,522 $979,597,394
2007 $3,604,055,822,572 $1,077,308,814
2006 $2,791,498,472,804 $1,081,441,283
2005 $2,317,551,298,052 $977,899,382
2004 $1,984,196,551,300 $893,012,218
2003 $1,683,903,309,844 $750,847,230
2002 $1,489,821,682,051 $742,134,838
2001 $1,355,036,590,252 $662,064,156
2000 $1,223,754,919,971 $654,212,394
1999 $1,103,843,203,576 $662,838,615
1998 $1,037,134,141,760 $647,287,376
1997 $967,753,570,435 $598,966,982
1996 $868,523,936,530 $535,250,347
1995 $738,190,896,228 $540,733,048
1994 $566,929,539,493 $517,570,058
1993 $446,557,291,212 $504,230,621
1992 $428,502,354,788 $461,409,399
1991 $384,510,452,962 $398,307,170
1990 $361,560,229,446 $392,163,561
1989 $348,380,566,802 $324,333,367
1988 $312,888,888,889 $301,985,618
1987 $273,455,156,951 $265,212,957
1986 $301,310,144,928 $221,147,061
1985 $310,064,625,850 $179,691,483
1984 $260,442,857,143 $160,992,921
1983 $231,130,268,199 $156,098,237
1982 $205,480,916,031 $157,211,790
1981 $196,218,253,968 $163,750,728
1980 $191,487,500,000 $156,783,830
1979 $178,573,913,043 $127,261,099
1978 $149,788,617,886 $85,552,366
1977 $175,226,595,860 $64,526,401
1976 $154,196,810,059 $49,278,982
1975 $163,687,619,736 $47,803,146
1974 $144,418,433,058 $43,134,496
1973 $138,764,340,892 $36,896,280
1972 $113,871,930,714 $30,645,123
1971 $99,959,013,880 $21,965,951
1970 $92,752,930,873 $18,432,032
1969 $79,847,786,729 $16,452,028
1968 $70,980,323,819 $16,074,028
1967 $73,011,350,596 $16,632,032
1966 $76,854,053,259 $16,443,034
1965 $70,565,994,356 $15,603,032
1964 $59,821,862,703 $15,393,032
1963 $50,812,227,919 $13,923,029
1962 $47,310,737,754 $12,642,026
1961 $50,162,299,350 $11,592,024
1960 $59,846,235,025 $12,012,025

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/seychelles | CC BY

GDP per capita in China vs Seychelles by year

China
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $17,859 $33,239
2023 $12,951 $25,179 $18,263 $31,781
2022 $12,971 $23,032 $16,837 $29,973
2021 $12,887 $20,843 $14,983 $29,980
2020 $10,627 $18,267 $14,041 $31,056
2019 $10,343 $17,601 $19,142 $34,219
2018 $10,086 $16,298 $18,440 $32,091
2017 $8,980 $15,022 $17,480 $30,675
2016 $8,255 $14,157 $16,567 $28,811
2015 $8,175 $13,463 $15,333 $25,435
2014 $7,781 $12,942 $15,188 $24,985
2013 $7,147 $12,228 $14,821 $22,487
2012 $6,405 $11,420 $12,337 $22,264
2011 $5,704 $10,457 $12,110 $21,781
2010 $4,629 $9,411 $10,935 $18,982
2009 $3,898 $8,448 $9,747 $18,453
2008 $3,523 $7,713 $11,265 $18,881
2007 $2,735 $6,935 $12,669 $19,473
2006 $2,129 $5,946 $12,783 $17,503
2005 $1,778 $5,148 $11,802 $15,846
2004 $1,531 $4,505 $10,828 $14,160
2003 $1,307 $4,007 $9,070 $14,142
2002 $1,164 $3,591 $8,864 $14,570
2001 $1,065 $3,258 $8,153 $14,615
2000 $969 $2,964 $8,064 $14,638
1999 $881 $2,690 $8,243 $13,853
1998 $835 $2,483 $8,210 $13,675
1997 $787 $2,297 $7,747 $13,458
1996 $713 $2,088 $7,004 $11,931
1995 $613 $1,884 $7,181 $10,809
1994 $476 $1,680 $6,975 $10,692
1993 $379 $1,471 $6,979 $11,020
1992 $368 $1,276 $6,520 $10,243
1991 $334 $1,105 $5,655 $9,387
1990 $319 $991 $5,642 $8,955
1989 $311 - $4,689 -
1988 $284 - $4,392 -
1987 $252.3 - $3,872 -
1986 $282.4 - $3,368 -
1985 $295 - $2,754 -
1984 $251.2 - $2,488 -
1983 $225.9 - $2,426 -
1982 $203.7 - $2,441 -
1981 $197.4 - $2,557 -
1980 $195.1 - $2,478 -
1979 $184.3 - $2,030 -
1978 $156.7 - $1,377 -
1977 $185.7 - $1,044 -
1976 $165.7 - $814 -
1975 $178.6 - $806 -
1974 $160.4 - $745 -
1973 $157.3 - $649 -
1972 $132.1 - $547 -
1971 $118.8 - $402 -
1970 $113.3 - $344 -
1969 $100.3 - $314 -
1968 $91.6 - $314 -
1967 $96.8 - $333 -
1966 $104.5 - $338 -
1965 $98.7 - $328 -
1964 $85.7 - $332 -
1963 $74.5 - $308 -
1962 $71.1 - $287 -
1961 $76 - $270.3 -
1960 $89.7 - $288.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/seychelles | CC BY

China's GDP per capita is $13,303, ranking 76/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while the Seychelles ranks 67th at $33,239.

Economic indicators

China Seychelles
Gross domestic product
$18.7T
2024
$2.17B
2024
GDP rank
2/197
2024
178/197
2024
GDP growth
4.98%
2023-2024
3.47%
2023-2024
GDP per capita
$13,303
2024
$17,859
2024
GDP per capita rank
76/197
2024
63/197
2024
GDP per capita, PPP
$27,105
2024
$33,239
2024
GDP per capita PPP rank
77/197
2024
67/197
2024
Government debt
$16.6T
2024
$1.25B
2024
Debt-to-GDP ratio
88.3%
2024
57.6%
2024
Government debt per person
$11,749
2024
$10,288
2024
Government debt per person rank
47/185
2024
57/185
2024
Average annual personal income after taxes
$9,826
2026
$10,944
2026
Market capitalization of domestic companies
$11.8T
2024
$811M
2024
Number of millionaires
6,327,000
2025
n/a
Number of billionaires
450
2025
n/a
Income share by richest 10%
28.4%
2022
23.9%
2018
Income share by poorest 10%
3.1%
2022
2.6%
2018
Government expenditure, % of GDP
32.9%
2024
33.8%
2024
Consumer prices inflation
0.2%
2023-2024
0.31%
2023-2024
Central bank interest rate
3.1%
2024
1.75%
2024
Unemployment rate
5.11%
2021
2.59%
2024
Population
1402578808
126311

Spending and national debt comparison by year

China
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
China Seychelles
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 33.8% 57.6%
2023 32.7% 82% 32.9% 55.3%
2022 32.6% 75.5% 31.3% 60%
2021 31.9% 70.1% 38.8% 71%
2020 34.8% 69% 46.7% 77.4%
2019 33.6% 59.4% 31.7% 48.9%
2018 32.6% 55.6% 33% 51.3%
2017 32% 53.9% 34.3% 56.7%
2016 31.7% 49.7% 34.5% 62.8%
2015 31% 40.8% 31.5% 64.7%
2014 28.4% 39.3% 33.4% 70.4%
2013 28.1% 36.4% 37.8% 68.2%
2012 27.7% 33.8% 38.6% 80.1%
2011 26.6% 33.2% 36.4% 82.5%
2010 24.7% 33.3% 34.6% 82.2%
2009 25.2% 34% 32.1% 106.1%
2008 22.2% 26.7% 27% 192.1%
2007 17.9% 28.7% 41.9% 144%
2006 18.1% 25.2% 43.6% 135.1%
2005 18% 25.9% 39% 144.1%
2004 17.6% 26% 39.9% 163.2%
2003 18% 26.4% 44.6% 177%
2002 18.2% 25.6% 56.3% 195.9%
2001 17.2% 24.3% 46.8% 199.8%
2000 16.1% 22.7% 55.4% 177.8%
1999 14.9% 21.6% 56.1% 159.8%
1998 12.6% 20.4% 60.7% 161.2%
1997 11.5% 20.4% 54.7% 143%
1996 11% 21.2% 59.1% 146.7%
1995 11.1% 21.4% 53.1% 133.5%
1994 12.4% - 63.6% 123.5%
1993 13.4% - 60.4% 82.2%
1992 14.6% - 50.7% 79.9%
1991 16.5% - 52.1% 89.2%
1990 18.2% - 46.1% 80.4%
1989 18.6% - 51.7% 39.9%
1988 20.9% 4.46% 46.7% 41.3%
1987 23.4% 3.6% 49.7% 37%
1986 25.6% 3.24% 58% 31.5%
1985 25.8% 3.31% 53% 26.5%
1984 26.9% 0.97% 50.5% 15.3%
1983 28.3% - 47.9% 12.4%
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/seychelles | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 88.3% in China and 57.6% in the Seychelles, ranking 34/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
China

Seychelles
1x
Year Deficit/surplus, % of GDP
China Seychelles
2024 -7.34% -0.69%
2023 -6.71% -1.14%
2022 -7.32% -0.76%
2021 -5.9% -5.76%
2020 -9.56% -15.7%
2019 -6% 0.42%
2018 -4.2% -0.8%
2017 -3.34% -1.67%
2016 -3.33% 0.02%
2015 -2.5% 1.39%
2014 -0.67% 2.87%
2013 -0.82% 0.33%
2012 -0.3% 2.93%
2011 -0.1% 3.36%
2010 -0.36% 0.52%
2009 -1.72% 4.84%
2008 -0.02% 7.88%
2007 0.06% -9.93%
2006 -1.13% -2.54%
2005 -1.38% 0.42%
2004 -1.49% 0.44%
2003 -2.36% 3.4%
2002 -2.84% -16.3%
2001 -2.56% -8.93%
2000 -2.81% -14.7%
1999 -2.3% -10.3%
1998 -1.08% -16.7%
1997 -0.73% -5.91%
1996 -0.73% -9.69%
1995 -0.94% -2.58%
1994 -1.68% -6.95%
1993 -0.89% -3.62%
1992 -1.22% 6.44%
1991 -1.04% 3.15%
1990 -0.72% 11.9%
1989 -0.91% 8.26%
1988 -2.22% 11.8%
1987 -2.08% 2.77%
1986 -1.82% -10.1%
1985 -0.45% -4.86%
1984 -1.44% -6.09%
1983 -1.61% -3.13%
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/seychelles | CC BY

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 42 years, China recorded a fiscal deficit in 41 of those years, while the Seychelles ran a deficit in 23 years. On average, China posted an annual deficit equal to 2.3% of GDP, compared to deficit of 2.04% of GDP for the Seychelles.

Inflation comparison by year

Inflation
China

Seychelles
1x
Year Consumer prices inflation
China Seychelles
2024 0.2% 0.31%
2023 0.2% -1.04%
2022 2% 2.63%
2021 0.9% 9.77%
2020 2.5% 1.2%
2019 2.9% 1.81%
2018 2.1% 3.7%
2017 1.6% 2.86%
2016 2% -1.02%
2015 1.5% 4.04%
2014 2% 1.39%
2013 2.7% 4.34%
2012 2.6% 7.11%
2011 5.4% 2.56%
2010 3.3% -2.4%
2009 -0.7% 31.8%
2008 5.9% 37%
2007 4.7% 5.32%
2006 1.5% -0.35%
2005 1.8% 0.91%
2004 3.9% 3.86%
2003 1.1% 3.3%
2002 -0.8% 0.18%
2001 0.7% 5.97%
2000 0.4% 6.27%
1999 -1.4% 6.35%
1998 -0.8% 2.58%
1997 2.8% 0.62%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/seychelles | CC BY

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 5.03% in the Seychelles. In 2024, inflation was 0.2% in China and 0.31% in the Seychelles.

Top exports between countries

China
Export category Export value
Machinery & equipment $28.3M
Textiles & consumer goods $16.7M
Miscellaneous $11.9M
Metals $9.86M
Chemicals & pharma $6.67M
Wood & paper products $4.39M
Raw materials & minerals $2.5M
Raw agricultural goods $2.29M
Processed food, beverages & tobacco $880K
Animal & marine products $368K
Seychelles
Export category Export value
Machinery & equipment $58K
Metals $38K
Chemicals & pharma $25K
Animal & marine products $11K

Balance of trade

China Seychelles
Current account balance
$424B
2024
-$176M
2024
Current account balance ranking
1/190
2024
97/190
2024
Current account balance, % of GDP
+2.26%
2024
-8.11%
2024
Goods imports
$2.64T
2024
$1.39B
2024
Goods exports
$3.41T
2024
$595M
2024
Service imports
$613B
2024
$1B
2024
Service exports
$384B
2024
$1.71B
2024
Imports of goods and services, % of GDP
17.2%
2024
103.2%
2024
Exports of goods and services, % of GDP
20%
2024
85.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

China Seychelles
Economic freedom 48.3 66.5
Economic freedom ranking 170/197 60/197
Property rights 40.9 82.6
Government integrity 42.3 71.7
Judicial effectiveness 38.6 61.7
Tax burden 69.3 77.3
Government spending 67.8 68
Fiscal health 4.4 92.2
Business freedom 68.7 71.3
Labor freedom 57.9 52
Monetary freedom 76.1 79.8
Trade freedom 73.4 81.2
Investment freedom 20 30
Financial freedom 20 30

Economic freedom comparison by year

China
Seychelles
1x
Year Economic freedom index
China Seychelles
2026 48.3 66.5
2025 49 66.4
2024 48.5 60.4
2023 48.3 59.5
2022 48 61.1
2021 58.4 66.3
2020 59.5 64.3
2019 58.4 61.4
2018 57.8 61.6
2017 57.4 61.8
2016 52 62.2
2015 52.7 57.5
2014 52.5 56.2
2013 51.9 54.9
2012 51.2 53
2011 52 51.2
2010 51 47.9
2009 53.2 47.8
2008 53.1 -
2007 52 -
2006 53.6 -
2005 53.7 -
2004 52.5 -
2003 52.6 -
2002 52.8 -
2001 52.6 -
2000 56.4 -
1999 54.8 -
1998 53.1 -
1997 51.7 -
1996 51.3 -
1995 52 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/china/seychelles | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Seychelles
Services, % of GDP
56.7%
2024
65.8%
2024
Industry, % of GDP
36.5%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
2.45%
2024
GNI, Atlas method
$19.3T
2024
$2.12B
2024
GNI per capita, PPP
$26,920
2024
$32,180
2024
Total reserves including gold
$3.46T
2024
$774M
2024
Total reserves ranking
1/177
2024
145/177
2024
Net foreign direct investment
$154B
2024
-$262M
2024
Net inflows of foreign direct investment
$18.6B
2024
$226M
2024
Net outflows of foreign direct investment
$172B
2024
-$35.4M
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
n/a
Poverty at national poverty lines
0%
2020
25.3%
2018
Gross capital formation, % of GDP
40.6%
2024
17.2%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/china/seychelles | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.