Partner risk indices

Country Risk Index

46.9

Political Risk Index

40.5

Short-Term Economic Risk Index

56

Long-Term Economic Risk Index

55.9

Operational Risk Index

44.4

Source: Partner Research Partner, as of 8 Nov 2026. 0-100, higher means higher risk.

Key indicators

Market overview

• Seychelles is in East Africa and is classified by the World Bank as High income. (World Bank)
• Population: 122,730 (2025). (World Bank WDI)
• GDP: US$2.3bn in 2025 (estimate). (IMF WEO)

Economic conditions

• Real GDP growth: 5.8% in 2025 (estimate); the IMF projects 1% for 2026. (IMF WEO)
• Average consumer price inflation: 0.3% in 2025 (estimate); projected 0.9% for 2026. (IMF WEO)
• General government gross debt: 51.2% of GDP in 2025 (estimate). (IMF WEO)
• Current account balance: -7.7% of GDP in 2025 (estimate). (IMF WEO)
• Government net lending/borrowing: -1% of GDP in 2025 (estimate). (IMF WEO)
• Official exchange rate averaged 14.73 local currency units per US dollar in 2025, against 14.02 in 2023: 5% more units per dollar (the currency weakened against the dollar). (World Bank WDI)

Key risks

• Partner risk indices (0-100, higher = higher risk), as of 8 Nov 2026: Country Risk Index 46.9 (rank 3 of 53 in Africa, 1 = lowest risk); Political Risk Index 40.5 (rank 3 of 53 in Africa, 1 = lowest risk); Short-Term Economic Risk Index 56 (rank 30 of 53 in Africa, 1 = lowest risk); Long-Term Economic Risk Index 55.9 (rank 23 of 53 in Africa, 1 = lowest risk); Operational Risk Index 44.4 (rank 2 of 53 in Africa, 1 = lowest risk). (Partner Research Partner)
• Highest-scoring Partner risk component: logistics risk (51.6, operational). (Partner Research Partner)
• World Bank governance scores (2025, 0-100, higher is better): control of corruption 73; government effectiveness 68; political stability and absence of violence 86; rule of law 68; regulatory quality 61. (World Bank WGI)

Investment considerations

• Foreign direct investment, net inflows: 10% of GDP (2025). (World Bank WDI)
• Domestic credit to the private sector: 24.5% of GDP (2016). (World Bank WDI)
• Bank lending interest rate: 9.9% (2025). (World Bank WDI)
• Trade (exports plus imports): 172.3% of GDP (2025). (World Bank WDI)
• The Meridian holds 76 published records tagged to Seychelles. (The Meridian)

Sector snapshot

• Energy and power: access to electricity 100% of population (2024); renewable share of final energy consumption 1.9% (2022). (World Bank WDI)
• Mining and minerals: mineral rents 0% of GDP (2021); ores and metals exports 13.7% of merchandise exports (2024). (World Bank WDI)
• Financial services: foreign direct investment, net inflows 10% of GDP (2025); bank lending interest rate 9.9% (2025). (World Bank WDI)
• Technology, media and telecoms: internet users 87.8% of population (2024); mobile subscriptions 125.6 per 100 people (2024). (World Bank WDI)
• Agriculture: agriculture, forestry and fishing, value added 2.6% of GDP (2025). (World Bank WDI)
• Manufacturing and industry: manufacturing, value added 5.4% of GDP (2025); industry (including construction), value added 14.3% of GDP (2025). (World Bank WDI)
• Infrastructure and real estate: urban population 45.5% of population (2025); access to electricity 100% of population (2024). (World Bank WDI)

Data limitations and sources

• Older data, shown with its period and not described as current: Domestic credit to the private sector (Latest published value is for 2016); Renewable share of final energy consumption (Latest published value is for 2022); Oil rents (Latest published value is for 2021); Mineral rents (Latest published value is for 2021).
• IMF figures for the most recent year are IMF estimates and later years are projections. World Bank series typically lag by one to two years. Headlines come from automated news monitoring and are not verified by The Meridian.
• Sources last checked 15 Nov 2026.

Meridian transactions

• Airtel Money’s IPO at GBP 529 million
• Airtel Money prices London IPO at £1.96 a share, valuing the business at £5.3bn
• Vumela Fund invests in Iris Fresh’s operations in Southern Africa
• African Rainbow Energy increases stake in SOLA Group’s operations in South Africa
• African Rainbow Energy acquires additional stake in SOLA Group
• Proparco, DEG, and FMO invest USD 100 million in Mauritius Commercial Bank Limited