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Economy of Seychelles vs Taiwan compared: GDP & Debt

Updated on by Georank team

The Seychelles has a GDP of $2.17B compared to $802B for Taiwan, ranking 178/197 and 22/197 by economy size, respectively.

The Seychelles has $1.25B in government debt (57.6% of GDP), compared to $211B (26.3% of GDP) in Taiwan.

Seychelles vs Taiwan GDP by year

Seychelles
Taiwan
1x
Year GDP, current $
Seychelles Taiwan
2024 $2,167,239,562 $801,529,000,000
2023 $2,187,379,755 $757,328,000,000
2022 $2,018,346,589 $765,529,000,000
2021 $1,487,173,795 $777,062,000,000
2020 $1,382,551,752 $676,935,000,000
2019 $1,868,690,097 $613,453,000,000
2018 $1,784,313,927 $610,744,000,000
2017 $1,675,370,641 $591,734,000,000
2016 $1,568,513,348 $543,002,000,000
2015 $1,432,403,352 $534,474,000,000
2014 $1,387,577,870 $535,332,000,000
2013 $1,333,160,407 $512,957,000,000
2012 $1,089,407,839 $495,536,000,000
2011 $1,058,918,707 $483,957,000,000
2010 $981,616,542 $444,245,000,000
2009 $850,901,620 $390,788,000,000
2008 $979,597,394 $415,824,000,000
2007 $1,077,308,814 $406,940,000,000
2006 $1,081,441,283 $386,492,000,000
2005 $977,899,382 $374,042,000,000
2004 $893,012,218 $346,881,000,000
2003 $750,847,230 $317,374,000,000
2002 $742,134,838 $307,429,000,000
2001 $662,064,156 $299,303,000,000
2000 $654,212,394 $330,725,000,000
1999 $662,838,615 $303,827,000,000
1998 $647,287,376 $279,926,000,000
1997 $598,966,982 $303,315,000,000
1996 $535,250,347 $292,473,000,000
1995 $540,733,048 $279,013,000,000
1994 $517,570,058 $256,213,000,000
1993 $504,230,621 $234,943,000,000
1992 $461,409,399 $222,947,000,000
1991 $398,307,170 $187,100,000,000
1990 $392,163,561 $166,392,000,000
1989 $324,333,367 $152,687,000,000
1988 $301,985,618 $126,378,000,000
1987 $265,212,957 $104,956,000,000
1986 $221,147,061 $78,347,000,000
1985 $179,691,483 $63,599,000,000
1984 $160,992,921 $61,036,000,000
1983 $156,098,237 $54,155,000,000
1982 $157,211,790 $49,540,000,000
1981 $163,750,728 $49,047,000,000
1980 $156,783,830 $42,292,000,000
1979 $127,261,099 $33,875,000,000
1978 $85,552,366 $27,373,000,000
1977 $64,526,401 $22,252,000,000
1976 $49,278,982 $18,988,000,000
1975 $47,803,146 $15,836,000,000
1974 $43,134,496 $14,739,000,000
1973 $36,896,280 $10,940,000,000
1972 $30,645,123 $8,063,000,000
1971 $21,965,951 $6,727,000,000
1970 $18,432,032 $5,785,000,000
1969 $16,452,028 $5,017,000,000
1968 $16,074,028 $4,325,000,000
1967 $16,632,032 $3,709,000,000
1966 $16,443,034 $3,207,000,000
1965 $15,603,032 $2,869,000,000
1964 $15,393,032 $2,592,000,000
1963 $13,923,029 $2,218,000,000
1962 $12,642,026 $1,960,000,000
1961 $11,592,024 $1,778,000,000
1960 $12,012,025 $1,743,000,000
1959 - $1,444,000,000
1958 - $1,836,000,000
1957 - $1,636,000,000
1956 - $1,399,000,000
1955 - $1,940,000,000
1954 - $1,628,000,000
1953 - $1,481,000,000
1952 - $1,677,000,000
1951 - $1,197,000,000

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Seychelles vs Taiwan by year

Seychelles
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Seychelles Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,859 $33,239 $34,238 -
2023 $18,263 $31,781 $32,444 -
2022 $16,837 $29,973 $32,827 -
2021 $14,983 $29,980 $33,111 -
2020 $14,041 $31,056 $28,705 -
2019 $19,142 $34,219 $25,998 -
2018 $18,440 $32,091 $25,901 -
2017 $17,480 $30,675 $25,121 $50,500
2016 $16,567 $28,811 $23,091 -
2015 $15,333 $25,435 $22,780 $46,800
2014 $15,188 $24,985 $22,874 -
2013 $14,821 $22,487 $21,973 $39,600
2012 $12,337 $22,264 $21,295 $39,400
2011 $12,110 $21,781 $20,866 $38,200
2010 $10,935 $18,982 $19,197 $35,700
2009 $9,747 $18,453 $16,933 $32,000
2008 $11,265 $18,881 $18,081 $31,100
2007 $12,669 $19,473 $17,757 $30,100
2006 $12,783 $17,503 $16,934 $29,500
2005 $11,802 $15,846 $16,456 $27,500
2004 $10,828 $14,160 $15,317 $25,300
2003 $9,070 $14,142 $14,066 $23,400
2002 $8,864 $14,570 $13,686 $18,000
2001 $8,153 $14,615 $13,397 $17,200
2000 $8,064 $14,638 $14,908 $17,400
1999 $8,243 $13,853 $13,804 $16,100
1998 $8,210 $13,675 $12,820 -
1997 $7,747 $13,458 $14,020 -
1996 $7,004 $11,931 $13,641 -
1995 $7,181 $10,809 $13,119 -
1994 $6,975 $10,692 $12,150 -
1993 $6,979 $11,020 $11,242 -
1992 $6,520 $10,243 $10,768 -
1991 $5,655 $9,387 $9,125 -
1990 $5,642 $8,955 $8,205 -
1989 $4,689 - $7,613 -
1988 $4,392 - $6,370 -
1987 $3,872 - $5,350 -
1986 $3,368 - $4,036 -
1985 $2,754 - $3,314 -
1984 $2,488 - $3,224 -
1983 $2,426 - $2,903 -
1982 $2,441 - $2,699 -
1981 $2,557 - $2,720 -
1980 $2,478 - $2,389 -
1979 $2,030 - $1,950 -
1978 $1,377 - $1,606 -
1977 $1,044 - $1,330 -
1976 $814 - $1,158 -
1975 $806 - $985 -
1974 $745 - $934 -
1973 $649 - $706 -
1972 $547 - $530 -
1971 $402 - $451 -
1970 $344 - $397 -
1969 $314 - $357 -
1968 $314 - $319 -
1967 $333 - $280.8 -
1966 $338 - $249.1 -
1965 $328 - $229.3 -
1964 $332 - $213.6 -
1963 $308 - $188.6 -
1962 $287 - $172 -
1961 $270.3 - $161.2 -
1960 $288.1 - $163.4 -
1959 - - $140.4 -
1958 - - $185.1 -
1957 - - $170.5 -
1956 - - $150.6 -
1955 - - $216.3 -
1954 - - $188.3 -
1953 - - $177.7 -
1952 - - $208.4 -
1951 - - $154.3 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-02-20).

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

The Seychelles' GDP per capita is $17,859, ranking 63/197, compared to $34,238 in Taiwan, ranking 35/197. Adjusted for purchasing power (GDP per capita PPP), the Seychelles ranks 67th at $33,239, while Taiwan ranks 44th at $50,500.

Economic indicators

Seychelles Taiwan
Gross domestic product
$2.17B
2024
$802B
2024
GDP rank
178/197
2024
22/197
2024
GDP growth
3.47%
2023-2024
2.3%
2023-2024
GDP per capita
$17,859
2024
$34,238
2024
GDP per capita rank
63/197
2024
35/197
2024
GDP per capita, PPP
$33,239
2024
$50,500
2017
GDP per capita PPP rank
67/197
2024
44/197
2017
Government debt
$1.25B
2024
$211B
2024
Debt-to-GDP ratio
57.6%
2024
26.3%
2024
Government debt per person
$10,288
2024
$9,020
2024
Government debt per person rank
57/185
2024
59/185
2024
Average annual personal income after taxes
$10,944
2026
$18,163
2026
Market capitalization of domestic companies
$811M
2024
n/a
Number of millionaires n/a
759,000
2025
Number of billionaires n/a
54
2025
Income share by richest 10%
23.9%
2018
n/a
Income share by poorest 10%
2.6%
2018
n/a
Government expenditure, % of GDP
33.8%
2024
15.8%
2024
Consumer prices inflation
0.31%
2023-2024
2.2%
2023-2024
Central bank interest rate
1.75%
2024
2%
2024
Unemployment rate
2.59%
2024
3.35%
2025
Population
126311
23229461

Spending and national debt comparison by year

Seychelles
Spending

Debt
Taiwan
Spending

Debt
1x
Year % of GDP
Seychelles Taiwan
Government spending Government debt Government spending Government debt
2024 33.8% 57.6% 15.8% 26.3%
2023 32.9% 55.3% 17.1% 29%
2022 31.3% 60% 16% 29.5%
2021 38.8% 71% 15.4% 30.1%
2020 46.7% 77.4% 16.2% 32%
2019 31.7% 48.9% 15.3% 32.6%
2018 33% 51.3% 15.4% 33.8%
2017 34.3% 56.7% 15.4% 34.5%
2016 34.5% 62.8% 15.6% 35.4%
2015 31.5% 64.7% 15.5% 35.9%
2014 33.4% 70.4% - 37.5%
2013 37.8% 68.2% - 38.9%
2012 38.6% 80.1% - 39.2%
2011 36.4% 82.5% 18.3% 38.3%
2010 34.6% 82.2% - 36.9%
2009 32.1% 106.1% - 36.7%
2008 27% 192.1% - 33.4%
2007 41.9% 144% - 32.2%
2006 43.6% 135.1% - 33.3%
2005 39% 144.1% - 34.1%
2004 39.9% 163.2% - 33.4%
2003 44.6% 177% - 32.1%
2002 56.3% 195.9% - 29.8%
2001 46.8% 199.8% 22.5% 30.1%
2000 55.4% 177.8% - 26.2%
1999 56.1% 159.8% - 23.7%
1998 60.7% 161.2% - 23.7%
1997 54.7% 143% - 25%
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% 25.4% -
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% - -
1982 - - - -
1981 - - 23.6% -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 - - 21.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, the Seychelles' government spending was $732M, accounting for 33.8% of its GDP, while Taiwan spent $127B, or 15.8% of GDP.

Debt-to-GDP ratio is 57.6% in the Seychelles and 26.3% in Taiwan, ranking 85/185 and 160/185, respectively.

Government deficit by year

Deficit/surplus
Seychelles

Taiwan
1x
Year Deficit/surplus, % of GDP
Seychelles Taiwan
2024 -0.69% 0.43%
2023 -1.14% -0.61%
2022 -0.76% 0.17%
2021 -5.76% -0.18%
2020 -15.7% -1.03%
2019 0.42% 0.11%
2018 -0.8% 0.02%
2017 -1.67% -0.14%
2016 0.02% -0.31%
2015 1.39% 0.1%
2014 2.87% -
2013 0.33% -
2012 2.93% -
2011 3.36% -2.15%
2010 0.52% -
2009 4.84% -
2008 7.88% -
2007 -9.93% -
2006 -2.54% -
2005 0.42% -
2004 0.44% -
2003 3.4% -
2002 -16.3% -
2001 -8.93% -3.71%
2000 -14.7% -
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% -4.5%
1990 11.9% -
1989 8.26% -
1988 11.8% -
1987 2.77% -
1986 -10.1% -
1985 -4.86% -
1984 -6.09% -
1983 -3.13% -
1982 - -
1981 - -0.78%
1980 - -
1979 - -
1978 - -
1977 - -
1976 - 1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, the Seychelles' government deficit, the difference between spending and revenue, was $15M, equivalent to 0.69% of GDP. This compares to Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 42 years, the Seychelles recorded a fiscal deficit in 23 of those years, while Taiwan ran a deficit in 8 years. On average, the Seychelles posted an annual deficit equal to 2.04% of GDP, compared to deficit of 0.91% of GDP for Taiwan.

Inflation comparison by year

Inflation
Seychelles

Taiwan
1x
Year Consumer prices inflation
Seychelles Taiwan
2024 0.31% 2.2%
2023 -1.04% 2.5%
2022 2.63% 2.9%
2021 9.77% 2%
2020 1.2% -0.2%
2019 1.81% 0.6%
2018 3.7% 1.4%
2017 2.86% 0.6%
2016 -1.02% 1.4%
2015 4.04% -0.3%
2014 1.39% 1.2%
2013 4.34% 0.8%
2012 7.11% 1.9%
2011 2.56% 1.4%
2010 -2.4% 1%
2009 31.8% -0.9%
2008 37% 3.5%
2007 5.32% 1.8%
2006 -0.35% 0.6%
2005 0.91% 2.3%
2004 3.86% 1.6%
2003 3.3% -0.3%
2002 0.18% -0.2%
2001 5.97% 0%
2000 6.27% 1.2%
1999 6.35% 0.2%
1998 2.58% 1.7%
1997 0.62% 0.9%

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/seychelles/taiwan | CC BY

Over the past 28 years, the Seychelles has recorded an average annual inflation rate of 5.03%, compared with 1.14% in Taiwan. In 2024, inflation was 0.31% in the Seychelles and 2.2% in Taiwan.

Balance of trade

Seychelles Taiwan
Current account balance
-$176M
2024
$113B
2024
Current account balance ranking
97/190
2024
4/190
2024
Current account balance, % of GDP
-8.11%
2024
+14.1%
2024
Goods imports
$1.39B
2024
n/a
Goods exports
$595M
2024
n/a
Service imports
$1B
2024
n/a
Service exports
$1.71B
2024
n/a
Imports of goods and services, % of GDP
103.2%
2024
50.2%
2024
Exports of goods and services, % of GDP
85.2%
2024
63.3%
2024

Economic freedom indices

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

Seychelles Taiwan
Economic freedom 66.5 79.8
Economic freedom ranking 60/197 6/197
Property rights 82.6 83.4
Government integrity 71.7 74.3
Judicial effectiveness 61.7 94.3
Tax burden 77.3 78.9
Government spending 68 90
Fiscal health 92.2 92.9
Business freedom 71.3 78.6
Labor freedom 52 69
Monetary freedom 79.8 80.3
Trade freedom 81.2 86
Investment freedom 30 70
Financial freedom 30 60

Economic freedom comparison by year

Seychelles
Taiwan
1x
Year Economic freedom index
Seychelles Taiwan
2026 66.5 79.8
2025 66.4 79.7
2024 60.4 80
2023 59.5 80.7
2022 61.1 80.1
2021 66.3 78.6
2020 64.3 77.1
2019 61.4 77.3
2018 61.6 76.6
2017 61.8 76.5
2016 62.2 74.7
2015 57.5 75.1
2014 56.2 73.9
2013 54.9 72.7
2012 53 71.9
2011 51.2 70.8
2010 47.9 70.4
2009 47.8 69.5
2008 - 70.3
2007 - 69.4
2006 - 69.7
2005 - 71.3
2004 - 69.6
2003 - 71.7
2002 - 71.3
2001 - 72.8
2000 - 72.5
1999 - 71.5
1998 - 70.4
1997 - 70
1996 - 74.1
1995 - 74.2

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

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

The Economic Freedom Index for the Seychelles is 66.5, ranking 60/197, compared to 79.8 for Taiwan, ranking 6/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Seychelles Taiwan
Services, % of GDP
65.8%
2024
58.8%
2024
Industry, % of GDP
12.3%
2024
39.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.45%
2024
1.47%
2024
GNI, Atlas method
$2.12B
2024
$832B
2024
GNI per capita, PPP
$32,180
2024
n/a
Total reserves including gold
$774M
2024
n/a
Total reserves ranking
145/177
2024
n/a
Net foreign direct investment
-$262M
2024
n/a
Net inflows of foreign direct investment
$226M
2024
n/a
Net outflows of foreign direct investment
-$35.4M
2024
n/a
Poverty at national poverty lines
25.3%
2018
1.5%
2020
Gross capital formation, % of GDP
17.2%
2024
26.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); National Statistics, Taiwan (1985–2024, retrieved 2026-02-09); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. National Statistics, Taiwan (1951–2025, retrieved 2026-02-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20)
  7. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. 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.

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.