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Economy of Seychelles vs Yemen compared: GDP & Debt

Updated on by Georank team

The Seychelles has a GDP of $2.17B compared to $21.6B for Yemen, ranking 178/197 and 125/197 by economy size, respectively.

The Seychelles has $1.25B in government debt (57.6% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Seychelles vs Yemen GDP by year

Seychelles
Yemen
1x
Year GDP, current $
Seychelles Yemen
2024 $2,167,239,562 -
2023 $2,187,379,755 -
2022 $2,018,346,589 -
2021 $1,487,173,795 -
2020 $1,382,551,752 -
2019 $1,868,690,097 -
2018 $1,784,313,927 $21,606,160,663
2017 $1,675,370,641 $26,842,229,045
2016 $1,568,513,348 $31,317,825,274
2015 $1,432,403,352 $42,444,490,074
2014 $1,387,577,870 $43,228,585,321
2013 $1,333,160,407 $40,415,233,436
2012 $1,089,407,839 $35,401,331,610
2011 $1,058,918,707 $32,726,417,878
2010 $981,616,542 $30,906,749,533
2009 $850,901,620 $25,130,278,213
2008 $979,597,394 $26,910,855,807
2007 $1,077,308,814 $21,650,528,674
2006 $1,081,441,283 $19,063,143,370
2005 $977,899,382 $16,731,566,717
2004 $893,012,218 $13,867,634,371
2003 $750,847,230 $11,777,532,662
2002 $742,134,838 $10,693,430,511
2001 $662,064,156 $9,852,990,693
2000 $654,212,394 $9,679,316,770
1999 $662,838,615 $7,639,325,296
1998 $647,287,376 $6,322,175,566
1997 $598,966,982 $6,838,298,531
1996 $535,250,347 $6,496,163,616
1995 $540,733,048 $12,796,345,679
1994 $517,570,058 $28,019,483,764
1993 $504,230,621 $21,736,802,664
1992 $461,409,399 $17,959,367,194
1991 $398,307,170 $14,665,445,462
1990 $392,163,561 $12,643,821,569
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/yemen | CC BY

GDP per capita in Seychelles vs Yemen by year

Seychelles
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Seychelles Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,859 $33,239 - -
2023 $18,263 $31,781 - -
2022 $16,837 $29,973 - -
2021 $14,983 $29,980 - -
2020 $14,041 $31,056 - -
2019 $19,142 $34,219 - -
2018 $18,440 $32,091 $634 -
2017 $17,480 $30,675 $811 -
2016 $16,567 $28,811 $975 -
2015 $15,333 $25,435 $1,362 -
2014 $15,188 $24,985 $1,430 -
2013 $14,821 $22,487 $1,379 $3,164
2012 $12,337 $22,264 $1,245 $3,005
2011 $12,110 $21,781 $1,186 $3,113
2010 $10,935 $18,982 $1,155 $3,603
2009 $9,747 $18,453 $969 $3,411
2008 $11,265 $18,881 $1,072 $3,370
2007 $12,669 $19,473 $890 $3,294
2006 $12,783 $17,503 $810 $3,205
2005 $11,802 $15,846 $734 $3,113
2004 $10,828 $14,160 $628 $2,949
2003 $9,070 $14,142 $549 $2,844
2002 $8,864 $14,570 $513 $2,768
2001 $8,153 $14,615 $487 $2,702
2000 $8,064 $14,638 $493 $2,624
1999 $8,243 $13,853 $401 $2,492
1998 $8,210 $13,675 $343 $2,442
1997 $7,747 $13,458 $383 $2,351
1996 $7,004 $11,931 $375 $2,268
1995 $7,181 $10,809 $764 $2,201
1994 $6,975 $10,692 $1,735 $2,115
1993 $6,979 $11,020 $1,397 $2,013
1992 $6,520 $10,243 $1,198 $1,963
1991 $5,655 $9,387 $1,016 $1,843
1990 $5,642 $8,955 $910 $1,742
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/yemen | CC BY

The Seychelles' GDP per capita is $17,859, ranking 63/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), the Seychelles ranks 67th at $33,239, while Yemen ranks 178th at $3,164.

Economic indicators

Seychelles Yemen
Gross domestic product
$2.17B
2024
$21.6B
2018
GDP rank
178/197
2024
125/197
2018
GDP growth
3.47%
2023-2024
0.75%
2017-2018
GDP per capita
$17,859
2024
$634
2018
GDP per capita rank
63/197
2024
191/197
2018
GDP per capita, PPP
$33,239
2024
$3,164
2013
GDP per capita PPP rank
67/197
2024
178/197
2013
Government debt
$1.25B
2024
$18.8B
2018
Debt-to-GDP ratio
57.6%
2024
70.9%
2024
Government debt per person
$10,288
2024
$551
2018
Government debt per person rank
57/185
2024
165/185
2018
Average annual personal income after taxes
$10,944
2026
$1,127
2026
Market capitalization of domestic companies
$811M
2024
n/a
Income share by richest 10%
23.9%
2018
29.4%
2014
Income share by poorest 10%
2.6%
2018
3%
2014
Government expenditure, % of GDP
33.8%
2024
8.91%
2024
Consumer prices inflation
0.31%
2023-2024
33.9%
2023-2024
Central bank interest rate
1.75%
2024
n/a
Unemployment rate
2.59%
2024
13.5%
2014
Population
126311
43325643

Spending and national debt comparison by year

Seychelles
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Seychelles Yemen
Government spending Government debt Government spending Government debt
2024 33.8% 57.6% 8.91% 70.9%
2023 32.9% 55.3% 11.8% 77.9%
2022 31.3% 60% 12.2% 65.3%
2021 38.8% 71% 8.22% 75.9%
2020 46.7% 77.4% 10.6% 87%
2019 31.7% 48.9% 13.2% 91.5%
2018 33% 51.3% 14.3% 86.9%
2017 34.3% 56.7% 8.39% 83.8%
2016 34.5% 62.8% 16.1% 76.5%
2015 31.5% 64.7% 19.4% 57.7%
2014 33.4% 70.4% 27.8% 48.9%
2013 37.8% 68.2% 30.8% 48.4%
2012 38.6% 80.1% 36.2% 47.6%
2011 36.4% 82.5% 29.8% 45.7%
2010 34.6% 82.2% 30.2% 42.4%
2009 32.1% 106.1% 35.2% 49.8%
2008 27% 192.1% 41.2% 36.4%
2007 41.9% 144% 40.3% 40.4%
2006 43.6% 135.1% 37.4% 40.8%
2005 39% 144.1% 36.8% 43.8%
2004 39.9% 163.2% 34.2% 52.1%
2003 44.6% 177% 35.3% 56.8%
2002 56.3% 195.9% 30.8% 57.8%
2001 46.8% 199.8% 30.5% 60.6%
2000 55.4% 177.8% 31.7% 60.8%
1999 56.1% 159.8% 28.2% 96.1%
1998 60.7% 161.2% 34.3% 110.6%
1997 54.7% 143% 34.2% 74.2%
1996 59.1% 146.7% 30.7% 114.9%
1995 53.1% 133.5% 24.1% 84.1%
1994 63.6% 123.5% 25.2% 73.3%
1993 60.4% 82.2% 25.8% 76.7%
1992 50.7% 79.9% 24.6% 78%
1991 52.1% 89.2% 24.7% 82.7%
1990 46.1% 80.4% 26.6% 91.6%
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 (1983–1998, retrieved 2026-02-20).

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

In 2024, the Seychelles' government spending was $732M, accounting for 33.8% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 57.6% in the Seychelles and 70.9% in Yemen, ranking 85/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Seychelles

Yemen
1x
Year Deficit/surplus, % of GDP
Seychelles Yemen
2024 -0.69% -2.48%
2023 -1.14% -5.63%
2022 -0.76% -2.15%
2021 -5.76% -0.89%
2020 -15.7% -4.3%
2019 0.42% -5.89%
2018 -0.8% -7.85%
2017 -1.67% -4.9%
2016 0.02% -8.51%
2015 1.39% -8.75%
2014 2.87% -4.14%
2013 0.33% -6.9%
2012 2.93% -6.32%
2011 3.36% -4.51%
2010 0.52% -4.06%
2009 4.84% -10.2%
2008 7.88% -4.53%
2007 -9.93% -7.18%
2006 -2.54% 1.19%
2005 0.42% -1.82%
2004 0.44% -2.15%
2003 3.4% -4.2%
2002 -16.3% -0.56%
2001 -8.93% 2.79%
2000 -14.7% 6.09%
1999 -10.3% 0.06%
1998 -16.7% -7.77%
1997 -5.91% -1.5%
1996 -9.69% -0.92%
1995 -2.58% -5.74%
1994 -6.95% -14%
1993 -3.62% -12.8%
1992 6.44% -10.9%
1991 3.15% -5.76%
1990 11.9% -10.3%
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/yemen | CC BY

In 2018, the Seychelles' government deficit, the difference between spending and revenue, was $14.3M, equivalent to 0.8% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, the Seychelles recorded a fiscal deficit in 14 of those years, while Yemen ran a deficit in 25 years. On average, the Seychelles posted an annual deficit equal to 2.09% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Seychelles

Yemen
1x
Year Consumer prices inflation
Seychelles Yemen
2024 0.31% 33.9%
2023 -1.04% 0.9%
2022 2.63% 29.5%
2021 9.77% 31.5%
2020 1.2% 21.7%
2019 1.81% 15.7%
2018 3.7% 33.6%
2017 2.86% 30.4%
2016 -1.02% 21.3%
2015 4.04% 22%
2014 1.39% 8.2%
2013 4.34% 11%
2012 7.11% 9.9%
2011 2.56% 19.5%
2010 -2.4% 11.2%
2009 31.8% 3.7%
2008 37% 19%
2007 5.32% 7.9%
2006 -0.35% 10.8%
2005 0.91% 9.9%
2004 3.86% 12.5%
2003 3.3% 10.8%
2002 0.18% 12.2%
2001 5.97% 11.9%
2000 6.27% 11%
1999 6.35% 7.9%
1998 2.58% 11.5%
1997 0.62% 4.6%

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/yemen | CC BY

Over the past 28 years, the Seychelles has recorded an average annual inflation rate of 5.03%, compared with 15.5% in Yemen. In 2024, inflation was 0.31% in the Seychelles and 33.9% in Yemen.

Balance of trade

Seychelles Yemen
Current account balance
-$176M
2024
-$2.42B
2016
Current account balance ranking
97/190
2024
148/190
2016
Current account balance, % of GDP
-8.11%
2024
-7.72%
2016
Goods imports
$1.39B
2024
$6.8B
2016
Goods exports
$595M
2024
$473M
2016
Service imports
$1B
2024
$1.46B
2016
Service exports
$1.71B
2024
$466M
2016
Imports of goods and services, % of GDP
103.2%
2024
47.3%
2018
Exports of goods and services, % of GDP
85.2%
2024
8.76%
2018

Economic freedom indices

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

Seychelles Yemen
Economic freedom 66.5 53.7
Economic freedom ranking 60/197 138/197
Property rights 82.6 3.5
Government integrity 71.7 6.2
Judicial effectiveness 61.7 9.9
Tax burden 77.3 93.7
Government spending 68 0
Fiscal health 92.2 71.2
Business freedom 71.3 31.3
Labor freedom 52 31.2
Monetary freedom 79.8 48.1
Trade freedom 81.2 67.4
Investment freedom 30 50
Financial freedom 30 30

Economic freedom comparison by year

Seychelles
Yemen
1x
Year Economic freedom index
Seychelles Yemen
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 53.7
2014 56.2 55.5
2013 54.9 55.9
2012 53 55.3
2011 51.2 54.2
2010 47.9 54.4
2009 47.8 56.9
2008 - 53.8
2007 - 54.1
2006 - 52.6
2005 - 53.8
2004 - 50.5
2003 - 50.3
2002 - 48.6
2001 - 44.3
2000 - 44.5
1999 - 43.3
1998 - 46.1
1997 - 48.4
1996 - 49.6
1995 - 49.8

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

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

The Economic Freedom Index for the Seychelles is 66.5, ranking 60/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Seychelles Yemen
Services, % of GDP
65.8%
2024
41.8%
2018
Industry, % of GDP
12.3%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
2.45%
2024
28.7%
2018
GNI, Atlas method
$2.12B
2024
$25.3B
2018
GNI per capita, PPP
$32,180
2024
$3,020
2013
Total reserves including gold
$774M
2024
$1.25B
2022
Total reserves ranking
145/177
2024
139/177
2022
Net foreign direct investment
-$262M
2024
$15.4M
2015
Net inflows of foreign direct investment
$226M
2024
-$371M
2019
Net outflows of foreign direct investment
-$35.4M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines
25.3%
2018
48.6%
2014
Gross capital formation, % of GDP
17.2%
2024
6.18%
2018

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/yemen | 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 (1995–2026, 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 (1983–1998, 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.