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Economy of Seychelles vs Tajikistan compared: GDP & Debt

Updated on by Georank team

The Seychelles has a GDP of $2.17B compared to $14.2B for Tajikistan, ranking 178/197 and 145/197 by economy size, respectively.

The Seychelles has $1.25B in government debt (57.6% of GDP), compared to $3.54B (24.9% of GDP) in Tajikistan.

Seychelles vs Tajikistan GDP by year

Seychelles
Tajikistan
1x
Year GDP, current $
Seychelles Tajikistan
2024 $2,167,239,562 $14,204,575,549
2023 $2,187,379,755 $12,244,169,293
2022 $2,018,346,589 $10,713,525,200
2021 $1,487,173,795 $8,937,805,347
2020 $1,382,551,752 $8,133,963,551
2019 $1,868,690,097 $8,300,813,599
2018 $1,784,313,927 $7,764,999,999
2017 $1,675,370,641 $7,536,402,853
2016 $1,568,513,348 $6,992,416,097
2015 $1,432,403,352 $8,271,431,485
2014 $1,387,577,870 $9,112,605,459
2013 $1,333,160,407 $8,448,411,318
2012 $1,089,407,839 $7,633,036,903
2011 $1,058,918,707 $6,522,756,255
2010 $981,616,542 $5,642,221,099
2009 $850,901,620 $4,979,472,364
2008 $979,597,394 $5,161,299,725
2007 $1,077,308,814 $3,719,524,541
2006 $1,081,441,283 $2,830,213,849
2005 $977,899,382 $2,312,352,021
2004 $893,012,218 $2,076,176,869
2003 $750,847,230 $1,555,318,261
2002 $742,134,838 $1,221,106,220
2001 $662,064,156 $1,080,772,551
2000 $654,212,394 $860,541,842
1999 $662,838,615 $1,086,612,290
1998 $647,287,376 $1,320,199,582
1997 $598,966,982 $921,518,033
1996 $535,250,347 $1,043,654,822
1995 $540,733,048 $1,231,561,860
1994 $517,570,058 $1,522,001,206
1993 $504,230,621 $1,646,623,195
1992 $461,409,399 $1,908,554,572
1991 $398,307,170 $2,536,585,366
1990 $392,163,561 $2,629,395,066
1989 $324,333,367 -
1988 $301,985,618 -
1987 $265,212,957 -
1986 $221,147,061 -
1985 $179,691,483 -
1984 $160,992,921 -
1983 $156,098,237 -
1982 $157,211,790 -
1981 $163,750,728 -
1980 $156,783,830 -
1979 $127,261,099 -
1978 $85,552,366 -
1977 $64,526,401 -
1976 $49,278,982 -
1975 $47,803,146 -
1974 $43,134,496 -
1973 $36,896,280 -
1972 $30,645,123 -
1971 $21,965,951 -
1970 $18,432,032 -
1969 $16,452,028 -
1968 $16,074,028 -
1967 $16,632,032 -
1966 $16,443,034 -
1965 $15,603,032 -
1964 $15,393,032 -
1963 $13,923,029 -
1962 $12,642,026 -
1961 $11,592,024 -
1960 $12,012,025 -

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

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

GDP per capita in Seychelles vs Tajikistan by year

Seychelles
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Seychelles Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,859 $33,239 $1,341 $5,406
2023 $18,263 $31,781 $1,178 $4,964
2022 $16,837 $29,973 $1,052 $4,514
2021 $14,983 $29,980 $897 $3,986
2020 $14,041 $31,056 $834 $3,654
2019 $19,142 $34,219 $871 $3,460
2018 $18,440 $32,091 $834 $3,069
2017 $17,480 $30,675 $829 $3,017
2016 $16,567 $28,811 $789 $2,914
2015 $15,333 $25,435 $957 $2,975
2014 $15,188 $24,985 $1,082 $3,152
2013 $14,821 $22,487 $1,028 $2,919
2012 $12,337 $22,264 $952 $2,679
2011 $12,110 $21,781 $834 $2,456
2010 $10,935 $18,982 $737 $2,291
2009 $9,747 $18,453 $665 $2,171
2008 $11,265 $18,881 $703 $2,120
2007 $12,669 $19,473 $517 $1,966
2006 $12,783 $17,503 $401 $1,810
2005 $11,802 $15,846 $334 $1,673
2004 $10,828 $14,160 $306 $1,550
2003 $9,070 $14,142 $233.6 $1,396
2002 $8,864 $14,570 $187 $1,257
2001 $8,153 $14,615 $168.7 $1,139
2000 $8,064 $14,638 $136.9 $1,036
1999 $8,243 $13,853 $175 $947
1998 $8,210 $13,675 $213.7 $905
1997 $7,747 $13,458 $150.1 $855
1996 $7,004 $11,931 $172 $836
1995 $7,181 $10,809 $207 $1,006
1994 $6,975 $10,692 $261.3 $1,148
1993 $6,979 $11,020 $287.6 $1,454
1992 $6,520 $10,243 $338 $1,721
1991 $5,655 $9,387 $458 $2,417
1990 $5,642 $8,955 $487 $2,583
1989 $4,689 - - -
1988 $4,392 - - -
1987 $3,872 - - -
1986 $3,368 - - -
1985 $2,754 - - -
1984 $2,488 - - -
1983 $2,426 - - -
1982 $2,441 - - -
1981 $2,557 - - -
1980 $2,478 - - -
1979 $2,030 - - -
1978 $1,377 - - -
1977 $1,044 - - -
1976 $814 - - -
1975 $806 - - -
1974 $745 - - -
1973 $649 - - -
1972 $547 - - -
1971 $402 - - -
1970 $344 - - -
1969 $314 - - -
1968 $314 - - -
1967 $333 - - -
1966 $338 - - -
1965 $328 - - -
1964 $332 - - -
1963 $308 - - -
1962 $287 - - -
1961 $270.3 - - -
1960 $288.1 - - -

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

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

The Seychelles' GDP per capita is $17,859, ranking 63/197, compared to $1,341 in Tajikistan, ranking 166/197. Adjusted for purchasing power (GDP per capita PPP), the Seychelles ranks 67th at $33,239, while Tajikistan ranks 157th at $5,406.

Economic indicators

Seychelles Tajikistan
Gross domestic product
$2.17B
2024
$14.2B
2024
GDP rank
178/197
2024
145/197
2024
GDP growth
3.47%
2023-2024
8.4%
2023-2024
GDP per capita
$17,859
2024
$1,341
2024
GDP per capita rank
63/197
2024
166/197
2024
GDP per capita, PPP
$33,239
2024
$5,406
2024
GDP per capita PPP rank
67/197
2024
157/197
2024
Government debt
$1.25B
2024
$3.54B
2024
Debt-to-GDP ratio
57.6%
2024
24.9%
2024
Government debt per person
$10,288
2024
$335
2024
Government debt per person rank
57/185
2024
175/185
2024
Average annual personal income after taxes
$10,944
2026
$2,591
2026
Market capitalization of domestic companies
$811M
2024
n/a
Income share by richest 10%
23.9%
2018
28.2%
2024
Income share by poorest 10%
2.6%
2018
2.9%
2024
Government expenditure, % of GDP
33.8%
2024
27.7%
2024
Consumer prices inflation
0.31%
2023-2024
3.5%
2023-2024
Central bank interest rate
1.75%
2024
7.75%
2025
Unemployment rate
2.59%
2024
0.08%
2016
Population
126311
11038274

Spending and national debt comparison by year

Seychelles
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Seychelles Tajikistan
Government spending Government debt Government spending Government debt
2024 33.8% 57.6% 27.7% 24.9%
2023 32.9% 55.3% 28% 29.9%
2022 31.3% 60% 27.4% 31.8%
2021 38.8% 71% 27.6% 42%
2020 46.7% 77.4% 29.2% 50.9%
2019 31.7% 48.9% 28.8% 43.2%
2018 33% 51.3% 30.9% 46.3%
2017 34.3% 56.7% 33.8% 46.3%
2016 34.5% 62.8% 32.7% 42.2%
2015 31.5% 64.7% 31.9% 35%
2014 33.4% 70.4% 27.5% 27.9%
2013 37.8% 68.2% 27.7% 29.3%
2012 38.6% 80.1% 24.7% 32.5%
2011 36.4% 82.5% 24.3% 35.5%
2010 34.6% 82.2% 25.9% 36.8%
2009 32.1% 106.1% 23.6% 36.9%
2008 27% 192.1% 20.2% 30.2%
2007 41.9% 144% 20.3% 34.3%
2006 43.6% 135.1% 21.6% 36.8%
2005 39% 144.1% 22.9% 45.8%
2004 39.9% 163.2% 20.2% 49.4%
2003 44.6% 177% 19.1% 69.8%
2002 56.3% 195.9% 19.1% 98.3%
2001 46.8% 199.8% 17.3% 99.4%
2000 55.4% 177.8% 18.1% 111.4%
1999 56.1% 159.8% 17.5% 107.8%
1998 60.7% 161.2% 17.1% 96.6%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, the Seychelles' government spending was $732M, accounting for 33.8% of its GDP, while Tajikistan spent $3.93B, or 27.7% of GDP.

Debt-to-GDP ratio is 57.6% in the Seychelles and 24.9% in Tajikistan, ranking 85/185 and 166/185, respectively.

Government deficit by year

Deficit/surplus
Seychelles

Tajikistan
1x
Year Deficit/surplus, % of GDP
Seychelles Tajikistan
2024 -0.69% 0.28%
2023 -1.14% -0.93%
2022 -0.76% -0.23%
2021 -5.76% -0.64%
2020 -15.7% -4.34%
2019 0.42% -2.04%
2018 -0.8% -2.69%
2017 -1.67% -5.65%
2016 0.02% -2.91%
2015 1.39% -1.96%
2014 2.87% 0.92%
2013 0.33% -0.73%
2012 2.93% 0.41%
2011 3.36% 0.6%
2010 0.52% -2.71%
2009 4.84% -0.2%
2008 7.88% 1.94%
2007 -9.93% 2.13%
2006 -2.54% 2%
2005 0.42% -2.83%
2004 0.44% -2.32%
2003 3.4% -1.74%
2002 -16.3% -2.4%
2001 -8.93% -2.11%
2000 -14.7% -4.51%
1999 -10.3% -4.03%
1998 -16.7% -5.09%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

GeoRank.org/economy/seychelles/tajikistan | 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 Tajikistan's surplus of $39.2M, or 0.28% of GDP.

Over the past 27 years, the Seychelles recorded a fiscal deficit in 14 of those years, while Tajikistan ran a deficit in 20 years. On average, the Seychelles posted an annual deficit equal to 2.85% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Seychelles

Tajikistan
1x
Year Consumer prices inflation
Seychelles Tajikistan
2024 0.31% 3.5%
2023 -1.04% 3.7%
2022 2.63% 6.6%
2021 9.77% 9%
2020 1.2% 8.6%
2019 1.81% 7.8%
2018 3.7% 3.8%
2017 2.86% 7.3%
2016 -1.02% 5.9%
2015 4.04% 5.8%
2014 1.39% 6.1%
2013 4.34% 5%
2012 7.11% 5.8%
2011 2.56% 12.4%
2010 -2.4% 6.5%
2009 31.8% 6.4%
2008 37% 20.4%
2007 5.32% 13.2%
2006 -0.35% 10%
2005 0.91% 7.3%
2004 3.86% 7.2%
2003 3.3% 16.4%
2002 0.18% 12.2%
2001 5.97% 38.6%
2000 6.27% 32.9%
1999 6.35% 27.5%
1998 2.58% 43.2%
1997 0.62% 88%

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/tajikistan | CC BY

Over the past 28 years, the Seychelles has recorded an average annual inflation rate of 5.03%, compared with 15% in Tajikistan. In 2024, inflation was 0.31% in the Seychelles and 3.5% in Tajikistan.

Balance of trade

Seychelles Tajikistan
Current account balance
-$176M
2024
$887M
2024
Current account balance ranking
97/190
2024
54/190
2024
Current account balance, % of GDP
-8.11%
2024
+6.24%
2024
Goods imports
$1.39B
2024
$5.94B
2024
Goods exports
$595M
2024
$1.42B
2024
Service imports
$1B
2024
$971M
2024
Service exports
$1.71B
2024
$195M
2024
Imports of goods and services, % of GDP
103.2%
2024
48.4%
2023
Exports of goods and services, % of GDP
85.2%
2024
17.2%
2023

Economic freedom indices

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

Seychelles Tajikistan
Economic freedom 66.5 52.5
Economic freedom ranking 60/197 147/197
Property rights 82.6 28.4
Government integrity 71.7 18.5
Judicial effectiveness 61.7 10.1
Tax burden 77.3 94.2
Government spending 68 77
Fiscal health 92.2 98.6
Business freedom 71.3 60.6
Labor freedom 52 43.4
Monetary freedom 79.8 72.6
Trade freedom 81.2 72.2
Investment freedom 30 25
Financial freedom 30 30

Economic freedom comparison by year

Seychelles
Tajikistan
1x
Year Economic freedom index
Seychelles Tajikistan
2026 66.5 52.5
2025 66.4 51.5
2024 60.4 51.3
2023 59.5 50.6
2022 61.1 49.7
2021 66.3 55.2
2020 64.3 52.2
2019 61.4 55.6
2018 61.6 58.3
2017 61.8 58.2
2016 62.2 51.3
2015 57.5 52.7
2014 56.2 52
2013 54.9 53.4
2012 53 53.4
2011 51.2 53.5
2010 47.9 53
2009 47.8 54.6
2008 - 54.4
2007 - 53.6
2006 - 52.6
2005 - 50.4
2004 - 48.7
2003 - 46.5
2002 - 47.3
2001 - 46.8
2000 - 44.8
1999 - 41.2
1998 - 41.1

Data sources: The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for the Seychelles is 66.5, ranking 60/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Seychelles Tajikistan
Services, % of GDP
65.8%
2024
34.7%
2023
Industry, % of GDP
12.3%
2024
33.6%
2023
Agriculture, forestry, and fishing, % of GDP
2.45%
2024
22.9%
2023
GNI, Atlas method
$2.12B
2024
$17.5B
2024
GNI per capita, PPP
$32,180
2024
$7,100
2024
Total reserves including gold
$774M
2024
$3.3B
2023
Total reserves ranking
145/177
2024
117/177
2023
Net foreign direct investment
-$262M
2024
-$190M
2024
Net inflows of foreign direct investment
$226M
2024
$291M
2024
Net outflows of foreign direct investment
-$35.4M
2024
$101M
2024
Servicing debt to the IMF, % of GNI n/a
3.07%
2024
Poverty at national poverty lines
25.3%
2018
19.8%
2024
Gross capital formation, % of GDP
17.2%
2024
31.7%
2023

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/tajikistan | 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 (1998–2026, 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)

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.