Skip to content

Economy of Seychelles vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank

The Seychelles has a GDP of $2.39B compared to $25.9B for Trinidad and Tobago, ranking 177/197 and 122/197 by economy size, respectively.

The Seychelles has $1.23B in government debt (51.5% of GDP), compared to $21.8B (84.2% of GDP) in Trinidad and Tobago.

Seychelles vs Trinidad and Tobago GDP by year

Seychelles
Trinidad and Tobago
1x
Year GDP, current $
Seychelles Trinidad
2025 $2,387,022,853 $25,942,749,718
2024 $2,228,608,684 $25,633,544,529
2023 $2,171,547,935 $25,036,993,423
2022 $1,999,888,599 $28,341,164,301
2021 $1,487,173,795 $24,222,963,263
2020 $1,382,551,752 $20,888,515,184
2019 $1,868,690,097 $23,477,745,792
2018 $1,784,313,927 $23,883,058,083
2017 $1,675,370,641 $23,830,750,901
2016 $1,568,513,348 $23,624,322,193
2015 $1,432,403,352 $26,841,141,793
2014 $1,387,577,870 $29,474,180,005
2013 $1,333,160,407 $28,560,537,057
2012 $1,089,407,839 $27,147,349,937
2011 $1,058,918,707 $25,433,007,437
2010 $981,616,542 $22,157,920,592
2009 $850,901,620 $19,172,165,226
2008 $979,597,394 $27,871,587,350
2007 $1,077,308,814 $21,641,620,050
2006 $1,081,441,283 $18,369,361,094
2005 $977,899,382 $15,982,389,018
2004 $893,012,218 $13,280,291,990
2003 $750,847,230 $11,305,459,802
2002 $742,134,838 $9,008,298,229
2001 $662,064,156 $8,824,849,191
2000 $654,212,394 $8,154,342,116
1999 $662,838,615 $6,808,982,521
1998 $647,287,376 $6,043,686,654
1997 $598,966,982 $5,737,771,523
1996 $535,250,347 $5,759,570,336
1995 $540,733,048 $5,329,217,747
1994 $517,570,058 $4,947,181,646
1993 $504,230,621 $4,669,491,134
1992 $461,409,399 $5,439,552,941
1991 $398,307,170 $5,307,905,882
1990 $392,163,561 $5,068,000,000
1989 $324,333,367 $4,323,058,824
1988 $301,985,618 $4,496,910,569
1987 $265,212,957 $4,797,777,778
1986 $221,147,061 $4,794,444,444
1985 $179,691,483 $7,375,918,367
1984 $160,992,921 $7,757,083,333
1983 $156,098,237 $7,763,750,000
1982 $157,211,790 $8,140,416,667
1981 $163,750,728 $6,992,083,333
1980 $156,783,830 $6,235,833,333
1979 $127,261,099 $4,602,416,625
1978 $85,552,366 $3,562,333,458
1977 $64,526,401 $3,138,666,667
1976 $49,278,982 $2,500,424,955
1975 $47,803,146 $2,442,669,825
1974 $43,134,496 $2,042,001,071
1973 $36,896,280 $1,308,785,431
1972 $30,645,123 $1,083,391,758
1971 $21,965,951 $896,765,215
1970 $18,432,032 $821,850,000
1969 $16,452,028 $779,200,000
1968 $16,074,028 $758,899,950
1967 $16,632,032 $761,981,912
1966 $16,443,034 $723,739,857
1965 $15,603,032 $736,573,159
1964 $15,393,032 $711,897,520
1963 $13,923,029 $678,239,329
1962 $12,642,026 $619,322,810
1961 $11,592,024 $584,964,621
1960 $12,012,025 $535,673,252

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

GeoRank.org/economy/seychelles/trinidad-and-tobago | CC BY

GDP per capita in Seychelles vs Trinidad and Tobago by year

Seychelles
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Seychelles Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,449 - $18,967 -
2024 $18,365 $33,239 $18,733 $36,329
2023 $18,131 $31,781 $18,308 $34,623
2022 $16,683 $29,973 $20,751 $32,979
2021 $14,983 $29,980 $17,713 $30,482
2020 $14,041 $31,056 $15,284 $26,731
2019 $19,142 $34,219 $17,213 $29,316
2018 $18,440 $32,091 $17,571 $28,673
2017 $17,480 $30,675 $17,566 $28,484
2016 $16,567 $28,811 $17,449 $28,232
2015 $15,333 $25,435 $19,887 $29,825
2014 $15,188 $24,985 $21,908 $32,027
2013 $14,821 $22,487 $21,305 $31,746
2012 $12,337 $22,264 $20,332 $31,883
2011 $12,110 $21,781 $19,151 $31,078
2010 $10,935 $18,982 $16,815 $30,778
2009 $9,747 $18,453 $14,634 $29,602
2008 $11,265 $18,881 $21,299 $30,807
2007 $12,669 $19,473 $16,607 $29,355
2006 $12,783 $17,503 $14,153 $27,393
2005 $11,802 $15,846 $12,346 $23,536
2004 $10,828 $14,160 $9,871 $20,674
2003 $9,070 $14,142 $8,445 $18,743
2002 $8,864 $14,570 $6,763 $16,141
2001 $8,153 $14,615 $6,657 $14,797
2000 $8,064 $14,638 $6,179 $13,953
1999 $8,243 $13,853 $5,179 $12,812
1998 $8,210 $13,675 $4,613 $11,735
1997 $7,747 $13,458 $4,394 $10,769
1996 $7,004 $11,931 $4,427 $9,883
1995 $7,181 $10,809 $4,115 $9,099
1994 $6,975 $10,692 $3,840 $8,631
1993 $6,979 $11,020 $3,647 $8,209
1992 $6,520 $10,243 $4,277 $8,129
1991 $5,655 $9,387 $4,205 $7,274
1990 $5,642 $8,955 $4,047 $6,878
1989 $4,689 - $3,482 -
1988 $4,392 - $3,656 -
1987 $3,872 - $3,941 -
1986 $3,368 - $3,985 -
1985 $2,754 - $6,212 -
1984 $2,488 - $6,613 -
1983 $2,426 - $6,690 -
1982 $2,441 - $7,091 -
1981 $2,557 - $6,160 -
1980 $2,478 - $5,559 -
1979 $2,030 - $4,155 -
1978 $1,377 - $3,258 -
1977 $1,044 - $2,907 -
1976 $814 - $2,345 -
1975 $806 - $2,319 -
1974 $745 - $1,962 -
1973 $649 - $1,273 -
1972 $547 - $1,067 -
1971 $402 - $894 -
1970 $344 - $829 -
1969 $314 - $795 -
1968 $314 - $783 -
1967 $333 - $797 -
1966 $338 - $768 -
1965 $328 - $793 -
1964 $332 - $780 -
1963 $308 - $756 -
1962 $287 - $704 -
1961 $270.3 - $678 -
1960 $288.1 - $634 -

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

GeoRank.org/economy/seychelles/trinidad-and-tobago | CC BY

The Seychelles' GDP per capita is $19,449, ranking 64/197, compared to $18,967 in Trinidad and Tobago, ranking 65/197. Adjusted for purchasing power (GDP per capita PPP), the Seychelles ranks 67th at $33,239, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Seychelles Trinidad
Gross domestic product
$2.39B
2025
$25.9B
2025
GDP rank
177/197
2025
122/197
2025
GDP growth
5.8%
2024-2025
-0.79%
2024-2025
GDP per capita
$19,449
2025
$18,967
2025
GDP per capita rank
64/197
2025
65/197
2025
GDP per capita, PPP
$33,239
2024
$36,329
2024
GDP per capita PPP rank
67/197
2024
62/197
2024
Government debt
$1.23B
2025
$21.8B
2025
Debt-to-GDP ratio
51.5%
2025
84.2%
2025
Government debt per person
$10,019
2025
$15,965
2025
Government debt per person rank
59/185
2025
43/185
2025
Average annual personal income after taxes
$11,537
2026
$10,176
2026
Market capitalization of domestic companies
$646M
2025
$3.89B
2001
Income share by richest 10%
23.9%
2018
29.9%
1992
Income share by poorest 10%
2.6%
2018
2.1%
1992
Government expenditure, % of GDP
32.7%
2025
32.4%
2025
Consumer prices inflation
0.3%
2024-2025
0.99%
2024-2025
Central bank interest rate
1.75%
2024
3.5%
2020
Unemployment rate
2.59%
2024
4.01%
2024
Population
125859
1370916

Spending and national debt comparison by year

Seychelles
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Seychelles Trinidad
Government spending Government debt Government spending Government debt
2025 32.7% 51.5% 32.4% 84.2%
2024 33% 56.1% 32.2% 81.8%
2023 33.1% 55.1% 32.4% 78.2%
2022 31.6% 60.6% 28.3% 69.9%
2021 38.8% 71% 31.4% 80.2%
2020 46.7% 77.4% 35.1% 81.6%
2019 31.7% 48.9% 31% 62.9%
2018 33% 51.3% 30.2% 58.1%
2017 34.3% 56.7% 30.9% 57.2%
2016 34.5% 64.3% 31.2% 53.3%
2015 31.5% 75.4% 34.1% 43.2%
2014 33.4% 70.4% 33% 37.1%
2013 37.8% 68.2% 31.7% 32.9%
2012 38.6% 80.1% 29.9% 32.9%
2011 36.4% 82.5% 30.4% 39.2%
2010 34.6% 82.2% 31.5% 28.9%
2009 32.1% 106.1% 33.4% 34.2%
2008 27% 192.1% 28.2% 24.6%
2007 41.9% 144% 26.8% 29.4%
2006 43.6% 135.1% 34.6% 32.7%
2005 39% 144.1% 29.5% 36.6%
2004 39.9% 163.2% 23.3% 43.3%
2003 44.6% 177% 23.5% 52.4%
2002 56.3% 195.9% 24.6% 58.2%
2001 46.8% 199.8% 25.2% 54.2%
2000 55.4% 177.8% 24.1% 52.3%
1999 56.1% 159.8% 24.8% 55.2%
1998 60.7% 161.2% 27.3% 47.4%
1997 54.7% 143% 27.4% 51.3%
1996 59.1% 146.7% 28.2% 51.9%
1995 53.1% 133.5% 26.7% 57.3%
1994 63.6% 123.5% 26.5% 64.8%
1993 60.4% 82.2% 27.3% 59.6%
1992 50.7% 79.9% 28.8% 49.5%
1991 52.1% 89.2% 30% 50%
1990 46.1% 80.4% 27.9% 49.5%
1989 51.7% 39.9% 30.9% 51.9%
1988 46.7% 41.3% 45.3% 65.3%
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/trinidad-and-tobago | CC BY

In 2025, the Seychelles' government spending was $781M, accounting for 32.7% of its GDP, while Trinidad and Tobago spent $8.39B, or 32.4% of GDP.

Debt-to-GDP ratio is 51.5% in the Seychelles and 84.2% in Trinidad and Tobago, ranking 102/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Seychelles

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Seychelles Trinidad
2025 -0.99% -5.46%
2024 -0.68% -5.92%
2023 -1.15% -1.2%
2022 -0.77% 0.96%
2021 -5.76% -8.39%
2020 -15.7% -11.8%
2019 0.42% -3.72%
2018 -0.8% -5.89%
2017 -1.67% -10.5%
2016 0.02% -9.84%
2015 1.39% -7.37%
2014 2.87% -4.34%
2013 0.33% -2.7%
2012 2.93% -1.28%
2011 3.36% -0.69%
2010 0.52% 0.14%
2009 4.84% -4.88%
2008 7.88% 5.7%
2007 -9.93% 3.24%
2006 -2.54% -0.3%
2005 0.42% 0.84%
2004 0.44% 1.91%
2003 3.4% 1.9%
2002 -16.3% -0.2%
2001 -8.93% 0.62%
2000 -14.7% 0.18%
1999 -10.3% -0.9%
1998 -16.7% -1.83%
1997 -5.91% 0.11%
1996 -9.69% -0.46%
1995 -2.58% 0.17%
1994 -6.95% -0.02%
1993 -3.62% 0.24%
1992 6.44% -2.76%
1991 3.15% -0.21%
1990 11.9% -1.32%
1989 8.26% -4.46%
1988 11.8% -9.34%
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/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.42B, or 5.46% of GDP.

Over the past 38 years, the Seychelles recorded a fiscal deficit in 20 of those years, while Trinidad and Tobago ran a deficit in 26 years. On average, the Seychelles posted an annual deficit equal to 1.72% of GDP, compared to deficit of 2.36% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Seychelles

Trinidad and Tobago
1x
Year Consumer prices inflation
Seychelles Trinidad
2025 0.3% 0.99%
2024 0.31% 0.53%
2023 -1.04% 4.63%
2022 2.63% 5.83%
2021 9.77% 2.06%
2020 1.2% 0.6%
2019 1.81% 1%
2018 3.7% 1.02%
2017 2.86% 1.88%
2016 -1.02% 3.07%
2015 4.04% 4.66%
2014 1.39% 5.68%
2013 4.34% 5.2%
2012 7.11% 9.26%
2011 2.56% 5.11%
2010 -2.4% 10.5%
2009 31.8% 6.98%
2008 37% 12%
2007 5.32% 7.89%
2006 -0.35% 8.33%
2005 0.91% 6.87%
2004 3.86% 3.72%
2003 3.3% 3.81%
2002 0.18% 4.15%
2001 5.97% 5.54%
2000 6.27% 3.56%
1999 6.35% 3.44%
1998 2.58% 5.61%
1997 0.62% 3.63%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/trinidad-and-tobago | CC BY

Over the past 29 years, the Seychelles has recorded an average annual inflation rate of 4.87%, compared with 4.75% in Trinidad and Tobago. In 2025, inflation was 0.3% in the Seychelles and 0.99% in Trinidad and Tobago.

Top exports between countries

Seychelles
Export category Export value
Trinidad
Export category Export value
Processed food, beverages & tobacco $19K

Balance of trade

Seychelles Trinidad
Current account balance
-$166M
2024
$1.25B
2025
Current account balance ranking
90/190
2024
48/190
2025
Current account balance, % of GDP
-7.46%
2024
+4.81%
2025
Goods imports
$1.38B
2024
$6.83B
2025
Goods exports
$595M
2024
$10.2B
2025
Service imports
$1B
2024
$2.8B
2025
Service exports
$1.71B
2024
$1.27B
2025
Imports of goods and services, % of GDP
92.7%
2025
n/a
Exports of goods and services, % of GDP
79.6%
2025
45%
2026

Economic freedom indices

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

Seychelles Trinidad
Economic freedom 66.5 62.4
Economic freedom ranking 60/197 87/197
Property rights 82.6 47.3
Government integrity 71.7 45.5
Judicial effectiveness 61.7 58.8
Tax burden 77.3 76.1
Government spending 68 71.1
Fiscal health 92.2 86.3
Business freedom 71.3 67.1
Labor freedom 52 57.2
Monetary freedom 79.8 81
Trade freedom 81.2 68.8
Investment freedom 30 50
Financial freedom 30 40

Economic freedom comparison by year

Seychelles
Trinidad and Tobago
1x
Year Economic freedom index
Seychelles Trinidad
2026 66.5 62.4
2025 66.4 63.6
2024 60.4 60.4
2023 59.5 59.5
2022 61.1 58.8
2021 66.3 59
2020 64.3 58.3
2019 61.4 57
2018 61.6 57.7
2017 61.8 61.2
2016 62.2 62.9
2015 57.5 64.1
2014 56.2 62.7
2013 54.9 62.3
2012 53 64.4
2011 51.2 66.5
2010 47.9 65.7
2009 47.8 68
2008 - 69.5
2007 - 70.6
2006 - 70.4
2005 - 71.5
2004 - 71.3
2003 - 68.8
2002 - 70.1
2001 - 71.8
2000 - 74.5
1999 - 72.4
1998 - 72
1997 - 71.3
1996 - 69.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/trinidad-and-tobago | CC BY

The Economic Freedom Index for the Seychelles is 66.5, ranking 60/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Seychelles Trinidad
Services, % of GDP
67.9%
2025
59.2%
2024
Industry, % of GDP
14.3%
2025
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
2.61%
2025
0.78%
2024
GNI, Atlas method
$2.36B
2025
$25.4B
2025
GNI per capita, PPP
$34,930
2025
$36,080
2025
Total reserves including gold
$774M
2024
$5.6B
2024
Total reserves ranking
146/177
2024
99/177
2024
Net foreign direct investment
-$268M
2024
$404M
2025
Net inflows of foreign direct investment
$226M
2024
-$453M
2024
Net outflows of foreign direct investment
-$41.4M
2024
$527M
2024
Poverty at national poverty lines
25.3%
2018
20%
2020
Gross capital formation, % of GDP
18.7%
2025
19%
2023

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/trinidad-and-tobago | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (1996–2026, 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. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  9. 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.

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.