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Economy of Seychelles vs Syria compared: GDP & Debt

Updated on by Georank team

The Seychelles has a GDP of $2.17B compared to $20B for Syria, ranking 178/197 and 129/197 by economy size, respectively.

The Seychelles has $1.25B in government debt (57.6% of GDP), compared to $18.4B (30% of GDP) in Syria.

Seychelles vs Syria GDP by year

Seychelles
Syria
1x
Year GDP, current $
Seychelles Syria
2024 $2,167,239,562 -
2023 $2,187,379,755 $19,993,439,950
2022 $2,018,346,589 $23,622,827,080
2021 $1,487,173,795 $14,353,205,678
2020 $1,382,551,752 $12,047,752,036
2019 $1,868,690,097 $22,583,045,060
2018 $1,784,313,927 $21,497,782,868
2017 $1,675,370,641 $16,369,843,352
2016 $1,568,513,348 $12,597,854,877
2015 $1,432,403,352 $16,466,863,117
2014 $1,387,577,870 $21,502,061,466
2013 $1,333,160,407 $21,361,254,635
2012 $1,089,407,839 $43,190,318,033
2011 $1,058,918,707 $67,539,428,159
2010 $981,616,542 $61,390,830,875
2009 $850,901,620 $54,111,735,629
2008 $979,597,394 $52,557,913,569
2007 $1,077,308,814 $40,465,318,382
2006 $1,081,441,283 $33,751,788,856
2005 $977,899,382 $28,858,965,517
2004 $893,012,218 $25,086,950,495
2003 $750,847,230 $21,828,144,686
2002 $742,134,838 $20,669,357,462
2001 $662,064,156 $20,237,024,725
2000 $654,212,394 $18,937,052,543
1999 $662,838,615 $15,873,875,969
1998 $647,287,376 $15,200,846,154
1997 $598,966,982 $14,505,233,463
1996 $535,250,347 $13,789,560,878
1995 $540,733,048 $11,396,706,587
1994 $517,570,058 $10,122,020,000
1993 $504,230,621 $13,695,962,055
1992 $461,409,399 $13,253,565,861
1991 $398,307,170 $12,981,833,333
1990 $392,163,561 $12,308,624,418
1989 $324,333,367 $9,853,395,762
1988 $301,985,618 $10,577,041,645
1987 $265,212,957 $11,356,215,543
1986 $221,147,061 $13,293,205,278
1985 $179,691,483 $16,403,539,893
1984 $160,992,921 $17,503,078,174
1983 $156,098,237 $17,589,277,143
1982 $157,211,790 $16,298,929,011
1981 $163,750,728 $15,518,201,335
1980 $156,783,830 $13,062,420,382
1979 $127,261,099 $9,929,681,529
1978 $85,552,366 $9,275,200,458
1977 $64,526,401 $7,696,011,396
1976 $49,278,982 $7,633,528,867
1975 $47,803,146 $6,826,980,444
1974 $43,134,496 $5,159,557,148
1973 $36,896,280 $3,239,487,516
1972 $30,645,123 $3,059,681,698
1971 $21,965,951 $2,589,851,325
1970 $18,432,032 $2,140,384,010
1969 $16,452,028 $2,245,011,515
1968 $16,074,028 $1,753,746,430
1967 $16,632,032 $1,580,229,799
1966 $16,443,034 $1,342,287,553
1965 $15,603,032 $1,472,036,540
1964 $15,393,032 $1,339,494,267
1963 $13,923,029 $1,200,447,408
1962 $12,642,026 $1,110,565,881
1961 $11,592,024 $945,244,972
1960 $12,012,025 $857,704,413

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

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

GDP per capita in Seychelles vs Syria by year

Seychelles
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Seychelles Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,859 $33,239 - -
2023 $18,263 $31,781 $847 $4,650
2022 $16,837 $29,973 $1,052 $4,772
2021 $14,983 $29,980 $664 $4,593
2020 $14,041 $31,056 $572 $3,738
2019 $19,142 $34,219 $1,110 $3,502
2018 $18,440 $32,091 $1,098 $3,456
2017 $17,480 $30,675 $852 $3,265
2016 $16,567 $28,811 $656 -
2015 $15,333 $25,435 $848 -
2014 $15,188 $24,985 $1,061 -
2013 $14,821 $22,487 $986 -
2012 $12,337 $22,264 $1,898 -
2011 $12,110 $21,781 $2,952 -
2010 $10,935 $18,982 $2,731 -
2009 $9,747 $18,453 $2,462 -
2008 $11,265 $18,881 $2,429 -
2007 $12,669 $19,473 $1,938 -
2006 $12,783 $17,503 $1,719 -
2005 $11,802 $15,846 $1,534 -
2004 $10,828 $14,160 $1,368 -
2003 $9,070 $14,142 $1,220 -
2002 $8,864 $14,570 $1,183 -
2001 $8,153 $14,615 $1,187 -
2000 $8,064 $14,638 $1,138 -
1999 $8,243 $13,853 $978 -
1998 $8,210 $13,675 $961 -
1997 $7,747 $13,458 $941 -
1996 $7,004 $11,931 $918 -
1995 $7,181 $10,809 $780 -
1994 $6,975 $10,692 $712 -
1993 $6,979 $11,020 $993 -
1992 $6,520 $10,243 $990 -
1991 $5,655 $9,387 $1,000 -
1990 $5,642 $8,955 $978 -
1989 $4,689 - $809 -
1988 $4,392 - $898 -
1987 $3,872 - $997 -
1986 $3,368 - $1,208 -
1985 $2,754 - $1,544 -
1984 $2,488 - $1,706 -
1983 $2,426 - $1,776 -
1982 $2,441 - $1,703 -
1981 $2,557 - $1,676 -
1980 $2,478 - $1,458 -
1979 $2,030 - $1,146 -
1978 $1,377 - $1,108 -
1977 $1,044 - $951 -
1976 $814 - $976 -
1975 $806 - $904 -
1974 $745 - $707 -
1973 $649 - $459 -
1972 $547 - $448 -
1971 $402 - $393 -
1970 $344 - $335 -
1969 $314 - $364 -
1968 $314 - $293.3 -
1967 $333 - $272.9 -
1966 $338 - $239.3 -
1965 $328 - $270.8 -
1964 $332 - $254.2 -
1963 $308 - $234.9 -
1962 $287 - $223.9 -
1961 $270.3 - $196.3 -
1960 $288.1 - $183.5 -

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

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

The Seychelles' GDP per capita is $17,859, ranking 63/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), the Seychelles ranks 67th at $33,239, while Syria ranks 160th at $4,650.

Economic indicators

Seychelles Syria
Gross domestic product
$2.17B
2024
$20B
2023
GDP rank
178/197
2024
129/197
2023
GDP growth
3.47%
2023-2024
-1.21%
2022-2023
GDP per capita
$17,859
2024
$847
2023
GDP per capita rank
63/197
2024
185/197
2023
GDP per capita, PPP
$33,239
2024
$4,650
2023
GDP per capita PPP rank
67/197
2024
160/197
2023
Government debt
$1.25B
2024
$18.4B
2010
Debt-to-GDP ratio
57.6%
2024
30%
2010
Government debt per person
$10,288
2024
$820
2010
Government debt per person rank
57/185
2024
148/185
2010
Average annual personal income after taxes
$10,944
2026
$730
2026
Market capitalization of domestic companies
$811M
2024
n/a
Income share by richest 10%
23.9%
2018
21.1%
2022
Income share by poorest 10%
2.6%
2018
3.8%
2022
Government expenditure, % of GDP
33.8%
2024
28.6%
2010
Consumer prices inflation
0.31%
2023-2024
13.4%
2018-2019
Central bank interest rate
1.75%
2024
n/a
Unemployment rate
2.59%
2024
8.61%
2010
Population
126311
26829400

Spending and national debt comparison by year

Seychelles
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Seychelles Syria
Government spending Government debt Government spending Government debt
2024 33.8% 57.6% - -
2023 32.9% 55.3% - -
2022 31.3% 60% - -
2021 38.8% 71% - -
2020 46.7% 77.4% - -
2019 31.7% 48.9% - -
2018 33% 51.3% - -
2017 34.3% 56.7% - -
2016 34.5% 62.8% - -
2015 31.5% 64.7% - -
2014 33.4% 70.4% - -
2013 37.8% 68.2% - -
2012 38.6% 80.1% - -
2011 36.4% 82.5% - -
2010 34.6% 82.2% 28.6% 30%
2009 32.1% 106.1% 26.7% 31.2%
2008 27% 192.1% 22.9% 37.3%
2007 41.9% 144% 25.7% 42.7%
2006 43.6% 135.1% 26.3% 45%
2005 39% 144.1% 28.2% 50.7%
2004 39.9% 163.2% 31.3% 113%
2003 44.6% 177% 32.6% 133.4%
2002 56.3% 195.9% 28.5% 132.4%
2001 46.8% 199.8% 28% 144.5%
2000 55.4% 177.8% 27.4% 152.1%
1999 56.1% 159.8% 28% 147.7%
1998 60.7% 161.2% 28.8% 151.2%
1997 54.7% 143% 29% 147.6%
1996 59.1% 146.7% 27.7% 141.5%
1995 53.1% 133.5% 29.8% 152.6%
1994 63.6% 123.5% 30.3% 163%
1993 60.4% 82.2% 29.4% 171.9%
1992 50.7% 79.9% 34.2% 173.6%
1991 52.1% 89.2% 34.3% 182.4%
1990 46.1% 80.4% 28.3% 189.8%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, the Seychelles' government spending was $732M, accounting for 33.8% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 57.6% in the Seychelles and 30% in Syria, ranking 85/185 and 157/185, respectively.

Government deficit by year

Deficit/surplus
Seychelles

Syria
1x
Year Deficit/surplus, % of GDP
Seychelles Syria
2024 -0.69% -
2023 -1.14% -
2022 -0.76% -
2021 -5.76% -
2020 -15.7% -
2019 0.42% -
2018 -0.8% -
2017 -1.67% -
2016 0.02% -
2015 1.39% -
2014 2.87% -
2013 0.33% -
2012 2.93% -
2011 3.36% -
2010 0.52% -7.79%
2009 4.84% -2.89%
2008 7.88% -2.86%
2007 -9.93% -2.99%
2006 -2.54% -1.12%
2005 0.42% -4.41%
2004 0.44% -4.18%
2003 3.4% -2.7%
2002 -16.3% -2.02%
2001 -8.93% 2.3%
2000 -14.7% -1.36%
1999 -10.3% -1.47%
1998 -16.7% -2.81%
1997 -5.91% -1.78%
1996 -9.69% -2.83%
1995 -2.58% -3.81%
1994 -6.95% -6%
1993 -3.62% -4.96%
1992 6.44% -7.26%
1991 3.15% -6.57%
1990 11.9% -3.92%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2010, the Seychelles' government surplus, the difference between spending and revenue, was $5.12M, equivalent to 0.52% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 21 years, the Seychelles recorded a fiscal deficit in 12 of those years, while Syria ran a deficit in 20 years. On average, the Seychelles posted an annual deficit equal to 3.29% of GDP, compared to deficit of 3.4% of GDP for Syria.

Inflation comparison by year

Inflation
Seychelles

Syria
1x
Year Consumer prices inflation
Seychelles Syria
2024 0.31% -
2023 -1.04% -
2022 2.63% -
2021 9.77% -
2020 1.2% -
2019 1.81% 13.4%
2018 3.7% 0.94%
2017 2.86% 18.1%
2016 -1.02% 47.7%
2015 4.04% 38.5%
2014 1.39% 10.9%
2013 4.34% 40%
2012 7.11% 36.7%
2011 2.56% 4.75%
2010 -2.4% 4.4%
2009 31.8% 2.92%
2008 37% 15.7%
2007 5.32% 3.91%
2006 -0.35% 10%
2005 0.91% 7.24%
2004 3.86% 4.43%
2003 3.3% 5.8%
2002 0.18% -0.13%
2001 5.97% 3%
2000 6.27% -3.85%
1999 6.35% -3.7%
1998 2.58% -0.8%
1997 0.62% 1.89%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 23 years, the Seychelles has recorded an average annual inflation rate of 5.57%, compared with 11.4% in Syria. In 2019, inflation was 0.31% in the Seychelles and 13.4% in Syria.

Top exports between countries

Seychelles
Export category Export value
Syria
Export category Export value
Raw agricultural goods $7K

Balance of trade

Seychelles Syria
Current account balance
-$176M
2024
-$367M
2010
Current account balance ranking
97/190
2024
103/190
2010
Current account balance, % of GDP
-8.11%
2024
-0.6%
2010
Goods imports
$1.39B
2024
$15.9B
2010
Goods exports
$595M
2024
$12.3B
2010
Service imports
$1B
2024
$3.53B
2010
Service exports
$1.71B
2024
$7.33B
2010
Imports of goods and services, % of GDP
103.2%
2024
28.8%
2022
Exports of goods and services, % of GDP
85.2%
2024
6.81%
2022

Economic freedom indices

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

Seychelles Syria
Economic freedom 66.5 51.2
Economic freedom ranking 60/197 155/197
Property rights 82.6 4
Government integrity 71.7 3.6
Judicial effectiveness 61.7 3.7
Tax burden 77.3 87.3
Government spending 68 78.5
Fiscal health 92.2 13.8
Business freedom 71.3 33.8
Labor freedom 52 37.2
Monetary freedom 79.8 80
Trade freedom 81.2 47
Investment freedom 30 0
Financial freedom 30 20

Economic freedom comparison by year

Seychelles
Syria
1x
Year Economic freedom index
Seychelles Syria
2026 66.5 -
2025 66.4 -
2024 60.4 -
2023 59.5 -
2022 61.1 -
2021 66.3 -
2020 64.3 -
2019 61.4 -
2018 61.6 -
2017 61.8 -
2016 62.2 -
2015 57.5 -
2014 56.2 -
2013 54.9 -
2012 53 51.2
2011 51.2 51.3
2010 47.9 49.4
2009 47.8 51.3
2008 - 47.2
2007 - 48.3
2006 - 51.2
2005 - 46.3
2004 - 40.6
2003 - 41.3
2002 - 36.3
2001 - 36.6
2000 - 37.2
1999 - 39
1998 - 42.2
1997 - 43
1996 - 42.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for the Seychelles is 66.5, ranking 60/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Seychelles Syria
Services, % of GDP
65.8%
2024
44.9%
2022
Industry, % of GDP
12.3%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
2.45%
2024
43.1%
2022
GNI, Atlas method
$2.12B
2024
$18.2B
2023
GNI per capita, PPP
$32,180
2024
$4,480
2023
Total reserves including gold
$774M
2024
$20.6B
2010
Total reserves ranking
145/177
2024
62/177
2010
Net foreign direct investment
-$262M
2024
-$1.47B
2010
Net inflows of foreign direct investment
$226M
2024
$0
2024
Net outflows of foreign direct investment
-$35.4M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.15%
2023
Poverty at national poverty lines
25.3%
2018
35.2%
2007
Gross capital formation, % of GDP
17.2%
2024
16%
1969

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/seychelles/syria | 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 (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2010, retrieved 2026-02-08)

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.