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Economy of Seychelles vs Sierra Leone compared: GDP & Debt

Updated on by Georank

The Seychelles has a GDP of $2.39B compared to $7.46B for Sierra Leone, ranking 177/197 and 160/197 by economy size, respectively.

The Seychelles has $1.23B in government debt (51.5% of GDP), compared to $3.38B (45.2% of GDP) in Sierra Leone.

Seychelles vs Sierra Leone GDP by year

Seychelles
Sierra Leone
1x
Year GDP, current $
Seychelles Sierra Leone
2025 $2,387,022,853 $7,464,157,904
2024 $2,228,608,684 $6,971,127,234
2023 $2,171,547,935 $6,415,852,766
2022 $1,999,888,599 $7,121,125,277
2021 $1,487,173,795 $7,166,931,483
2020 $1,382,551,752 $6,688,307,706
2019 $1,868,690,097 $6,523,577,590
2018 $1,784,313,927 $6,390,514,689
2017 $1,675,370,641 $5,749,846,528
2016 $1,568,513,348 $6,084,297,211
2015 $1,432,403,352 $6,788,352,975
2014 $1,387,577,870 $7,686,138,791
2013 $1,333,160,407 $7,502,762,863
2012 $1,089,407,839 $6,141,666,509
2011 $1,058,918,707 $4,861,632,885
2010 $981,616,542 $4,262,805,967
2009 $850,901,620 $3,953,403,098
2008 $979,597,394 $4,157,895,298
2007 $1,077,308,814 $3,632,957,611
2006 $1,081,441,283 $3,263,697,467
2005 $977,899,382 $2,545,275,313
2004 $893,012,218 $2,237,350,687
2003 $750,847,230 $2,142,618,046
2002 $742,134,838 $1,933,863,911
2001 $662,064,156 $1,681,473,894
2000 $654,212,394 $635,866,404
1999 $662,838,615 $669,386,624
1998 $647,287,376 $672,368,187
1997 $598,966,982 $850,232,760
1996 $535,250,347 $941,709,423
1995 $540,733,048 $870,740,292
1994 $517,570,058 $911,853,802
1993 $504,230,621 $768,867,883
1992 $461,409,399 $679,940,814
1991 $398,307,170 $779,981,987
1990 $392,163,561 $649,644,098
1989 $324,333,367 $932,974,420
1988 $301,985,618 $1,055,083,933
1987 $265,212,957 $660,106,336
1986 $221,147,061 $490,181,457
1985 $179,691,483 $856,890,459
1984 $160,992,921 $1,087,471,862
1983 $156,098,237 $995,104,305
1982 $157,211,790 $1,295,361,886
1981 $163,750,728 $1,114,830,472
1980 $156,783,830 $1,100,685,845
1979 $127,261,099 $1,109,374,911
1978 $85,552,366 $960,728,339
1977 $64,526,401 $691,777,584
1976 $49,278,982 $594,895,942
1975 $47,803,146 $679,336,344
1974 $43,134,496 $648,590,643
1973 $36,896,280 $575,230,724
1972 $30,645,123 $465,381,340
1971 $21,965,951 $419,549,305
1970 $18,432,032 $434,410,974
1969 $16,452,028 $408,690,163
1968 $16,074,028 $329,859,732
1967 $16,632,032 $348,795,303
1966 $16,443,034 $375,479,850
1965 $15,603,032 $359,379,856
1964 $15,393,032 $371,847,461
1963 $13,923,029 $348,547,279
1962 $12,642,026 $342,721,416
1961 $11,592,024 $327,834,191
1960 $12,012,025 $322,009,962

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/sierra-leone | CC BY

GDP per capita in Seychelles vs Sierra Leone by year

Seychelles
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Seychelles Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,449 - $846 -
2024 $18,365 $33,239 $807 $3,522
2023 $18,131 $31,781 $758 $3,368
2022 $16,683 $29,973 $860 $3,144
2021 $14,983 $29,980 $885 $2,849
2020 $14,041 $31,056 $845 $2,719
2019 $19,142 $34,219 $844 $2,704
2018 $18,440 $32,091 $846 $2,640
2017 $17,480 $30,675 $779 $2,501
2016 $16,567 $28,811 $844 $2,635
2015 $15,333 $25,435 $965 $2,560
2014 $15,188 $24,985 $1,118 $2,762
2013 $14,821 $22,487 $1,117 $2,701
2012 $12,337 $22,264 $938 $2,317
2011 $12,110 $21,781 $761 $2,043
2010 $10,935 $18,982 $685 $1,900
2009 $9,747 $18,453 $653 $1,814
2008 $11,265 $18,881 $705 $1,824
2007 $12,669 $19,473 $632 $1,770
2006 $12,783 $17,503 $580 $1,698
2005 $11,802 $15,846 $463 $1,615
2004 $10,828 $14,160 $418 $1,541
2003 $9,070 $14,142 $414 $1,458
2002 $8,864 $14,570 $389 $1,360
2001 $8,153 $14,615 $358 $1,121
2000 $8,064 $14,638 $143.7 $1,242
1999 $8,243 $13,853 $155 $1,167
1998 $8,210 $13,675 $156.5 $1,180
1997 $7,747 $13,458 $199.9 $1,157
1996 $7,004 $11,931 $224.3 $1,225
1995 $7,181 $10,809 $208.4 $1,187
1994 $6,975 $10,692 $218.5 $1,266
1993 $6,979 $11,020 $185 $1,269
1992 $6,520 $10,243 $163.2 $1,220
1991 $5,655 $9,387 $183.7 $1,445
1990 $5,642 $8,955 $154.8 $1,382
1989 $4,689 - $231.3 -
1988 $4,392 - $268.2 -
1987 $3,872 - $172.4 -
1986 $3,368 - $131.5 -
1985 $2,754 - $235.5 -
1984 $2,488 - $306 -
1983 $2,426 - $285.8 -
1982 $2,441 - $380 -
1981 $2,557 - $334 -
1980 $2,478 - $336 -
1979 $2,030 - $346 -
1978 $1,377 - $305 -
1977 $1,044 - $224.2 -
1976 $814 - $196.4 -
1975 $806 - $228.4 -
1974 $745 - $222.1 -
1973 $649 - $200.6 -
1972 $547 - $165.4 -
1971 $402 - $151.8 -
1970 $344 - $160.2 -
1969 $314 - $153.6 -
1968 $314 - $126.3 -
1967 $333 - $136.1 -
1966 $338 - $149.3 -
1965 $328 - $145.6 -
1964 $332 - $153.4 -
1963 $308 - $146.3 -
1962 $287 - $146.3 -
1961 $270.3 - $142.3 -
1960 $288.1 - $142 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/sierra-leone | CC BY

The Seychelles' GDP per capita is $19,449, ranking 64/197, compared to $846 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), the Seychelles ranks 67th at $33,239, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Seychelles Sierra Leone
Gross domestic product
$2.39B
2025
$7.46B
2025
GDP rank
177/197
2025
160/197
2025
GDP growth
5.8%
2024-2025
4.61%
2024-2025
GDP per capita
$19,449
2025
$846
2025
GDP per capita rank
64/197
2025
186/197
2025
GDP per capita, PPP
$33,239
2024
$3,522
2024
GDP per capita PPP rank
67/197
2024
171/197
2024
Government debt
$1.23B
2025
$3.38B
2025
Debt-to-GDP ratio
51.5%
2025
45.2%
2025
Government debt per person
$10,019
2025
$383
2025
Government debt per person rank
59/185
2025
173/185
2025
Average annual personal income after taxes
$11,537
2026
$1,418
2026
Market capitalization of domestic companies
$646M
2025
n/a
Income share by richest 10%
23.9%
2018
29.4%
2018
Income share by poorest 10%
2.6%
2018
3.4%
2018
Government expenditure, % of GDP
32.7%
2025
16.5%
2025
Consumer prices inflation
0.3%
2024-2025
7.6%
2024-2025
Central bank interest rate
1.75%
2024
16.8%
2025
Unemployment rate
2.59%
2024
1.65%
2018
Population
125859
9090531

Spending and national debt comparison by year

Seychelles
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Seychelles Sierra Leone
Government spending Government debt Government spending Government debt
2025 32.7% 51.5% 16.5% 45.2%
2024 33% 56.1% 17.6% 46.7%
2023 33.1% 55.1% 15.4% 49.4%
2022 31.6% 60.6% 16.7% 54%
2021 38.8% 71% 16.8% 47.1%
2020 46.7% 77.4% 15.6% 46.4%
2019 31.7% 48.9% 13.3% 45.3%
2018 33% 51.3% 13.7% 44.2%
2017 34.3% 56.7% 15% 44.2%
2016 34.5% 64.3% 14.9% 38.9%
2015 31.5% 75.4% 13.1% 28.4%
2014 33.4% 70.4% 13.5% 26.8%
2013 37.8% 68.2% 11.4% 22.3%
2012 38.6% 80.1% 13.5% 24.1%
2011 36.4% 82.5% 13.2% 25.8%
2010 34.6% 82.2% 12.5% 28.9%
2009 32.1% 106.1% 11.3% 31.1%
2008 27% 192.1% 10.3% 46.1%
2007 41.9% 144% 8.1% 26.4%
2006 43.6% 135.1% 9.97% 61.9%
2005 39% 144.1% 10.9% 78.9%
2004 39.9% 163.2% 11.1% 93.2%
2003 44.6% 177% 11.7% 99.8%
2002 56.3% 195.9% 12.6% 99.8%
2001 46.8% 199.8% 12% 113.5%
2000 55.4% 177.8% 10.3% -
1999 56.1% 159.8% - -
1998 60.7% 161.2% - -
1997 54.7% 143% - -
1996 59.1% 146.7% - -
1995 53.1% 133.5% - -
1994 63.6% 123.5% - -
1993 60.4% 82.2% - -
1992 50.7% 79.9% - -
1991 52.1% 89.2% - -
1990 46.1% 80.4% - -
1989 51.7% 39.9% - -
1988 46.7% 41.3% - -
1987 49.7% 37% - -
1986 58% 31.5% - -
1985 53% 26.5% - -
1984 50.5% 15.3% - -
1983 47.9% 12.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/sierra-leone | CC BY

In 2025, the Seychelles' government spending was $781M, accounting for 32.7% of its GDP, while Sierra Leone spent $1.23B, or 16.5% of GDP.

Debt-to-GDP ratio is 51.5% in the Seychelles and 45.2% in Sierra Leone, ranking 102/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Seychelles

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Seychelles Sierra Leone
2025 -0.99% -4.2%
2024 -0.68% -5.16%
2023 -1.15% -4.99%
2022 -0.77% -5.93%
2021 -5.76% -4.35%
2020 -15.7% -3.5%
2019 0.42% -1.95%
2018 -0.8% -3.57%
2017 -1.67% -5.61%
2016 0.02% -5.41%
2015 1.39% -2.86%
2014 2.87% -2.77%
2013 0.33% -1.74%
2012 2.93% -3.41%
2011 3.36% -2.78%
2010 0.52% -3.09%
2009 4.84% -1.51%
2008 7.88% -2.22%
2007 -9.93% 12.6%
2006 -2.54% -0.93%
2005 0.42% -1.17%
2004 0.44% -1.46%
2003 3.4% -2.78%
2002 -16.3% -3.03%
2001 -8.93% -3.22%
2000 -14.7% -1.94%
1999 -10.3% -
1998 -16.7% -
1997 -5.91% -
1996 -9.69% -
1995 -2.58% -
1994 -6.95% -
1993 -3.62% -
1992 6.44% -
1991 3.15% -
1990 11.9% -
1989 8.26% -
1988 11.8% -
1987 2.77% -
1986 -10.1% -
1985 -4.86% -
1984 -6.09% -
1983 -3.13% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/sierra-leone | CC BY

In 2025, the Seychelles' government deficit, the difference between spending and revenue, was $23.5M, equivalent to 0.99% of GDP. This compares to Sierra Leone's deficit of $313M, or 4.2% of GDP.

Over the past 26 years, the Seychelles recorded a fiscal deficit in 13 of those years, while Sierra Leone ran a deficit in 25 years. On average, the Seychelles posted an annual deficit equal to 1.97% of GDP, compared to deficit of 2.58% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Seychelles

Sierra Leone
1x
Year Consumer prices inflation
Seychelles Sierra Leone
2025 0.3% 7.6%
2024 0.31% 28.4%
2023 -1.04% 47.7%
2022 2.63% 27.2%
2021 9.77% 11.9%
2020 1.2% 13.4%
2019 1.81% 14.8%
2018 3.7% 16%
2017 2.86% 18.2%
2016 -1.02% 10.9%
2015 4.04% 6.7%
2014 1.39% 4.6%
2013 4.34% 5.5%
2012 7.11% 6.6%
2011 2.56% 6.8%
2010 -2.4% 7.2%
2009 31.8% 7.5%
2008 37% 8.2%
2007 5.32% 17%
2006 -0.35% 10.5%
2005 0.91% 13.7%
2004 3.86% 12.9%
2003 3.3% 4%
2002 0.18% 0.1%
2001 5.97% 2.6%
2000 6.27% -0.9%
1999 6.35% 34.1%
1998 2.58% 36%
1997 0.62% 14.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/sierra-leone | CC BY

Over the past 29 years, the Seychelles has recorded an average annual inflation rate of 4.87%, compared with 13.6% in Sierra Leone. In 2025, inflation was 0.3% in the Seychelles and 7.6% in Sierra Leone.

Top exports between countries

Seychelles
Export category Export value
Textiles & consumer goods $17K
Sierra Leone
Export category Export value

Balance of trade

Seychelles Sierra Leone
Current account balance
-$166M
2024
-$984M
2024
Current account balance ranking
90/190
2024
115/190
2024
Current account balance, % of GDP
-7.46%
2024
-14.1%
2024
Goods imports
$1.38B
2024
$2.4B
2024
Goods exports
$595M
2024
$1.55B
2024
Service imports
$1B
2024
$514M
2024
Service exports
$1.71B
2024
$49.6M
2024
Imports of goods and services, % of GDP
92.7%
2025
28.2%
2025
Exports of goods and services, % of GDP
79.6%
2025
20.9%
2025

Economic freedom indices

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

Seychelles Sierra Leone
Economic freedom 66.5 49.6
Economic freedom ranking 60/197 165/197
Property rights 82.6 32.9
Government integrity 71.7 35.8
Judicial effectiveness 61.7 42
Tax burden 77.3 88.2
Government spending 68 92.4
Fiscal health 92.2 54.1
Business freedom 71.3 44.8
Labor freedom 52 38.2
Monetary freedom 79.8 53.6
Trade freedom 81.2 63.6
Investment freedom 30 30
Financial freedom 30 20

Economic freedom comparison by year

Seychelles
Sierra Leone
1x
Year Economic freedom index
Seychelles Sierra Leone
2026 66.5 49.6
2025 66.4 48
2024 60.4 44.6
2023 59.5 50.2
2022 61.1 52
2021 66.3 51.7
2020 64.3 48
2019 61.4 47.5
2018 61.6 51.8
2017 61.8 52.6
2016 62.2 52.3
2015 57.5 51.7
2014 56.2 50.5
2013 54.9 48.3
2012 53 49.1
2011 51.2 49.6
2010 47.9 47.9
2009 47.8 47.8
2008 - 48.3
2007 - 47
2006 - 45.2
2005 - 44.8
2004 - 43.6
2003 - 42.2
2002 - -
2001 - -
2000 - 44.2
1999 - 47.2
1998 - 47.7
1997 - 45
1996 - 52.3
1995 - 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/sierra-leone | CC BY

The Economic Freedom Index for the Seychelles is 66.5, ranking 60/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Seychelles Sierra Leone
Services, % of GDP
67.9%
2025
41.6%
2025
Industry, % of GDP
14.3%
2025
25.7%
2025
Agriculture, forestry, and fishing, % of GDP
2.61%
2025
29.5%
2025
GNI, Atlas method
$2.36B
2025
$7.34B
2025
GNI per capita, PPP
$34,930
2025
$3,690
2025
Total reserves including gold
$774M
2024
$433M
2024
Total reserves ranking
146/177
2024
161/177
2024
Net foreign direct investment
-$268M
2024
-$122M
2024
Net inflows of foreign direct investment
$226M
2024
$122M
2024
Net outflows of foreign direct investment
-$41.4M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.22%
2024
Poverty at national poverty lines
25.3%
2018
56.8%
2018
Gross capital formation, % of GDP
18.7%
2025
23.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/sierra-leone | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2023, retrieved 2026-07-08)

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.