Scattered like jewels in the Indian Ocean is Seychelles an archipelago Nation composed of more than 115 islands located off East Africa. Seychelles and its colorful history is home to 94,677 (2016) World Bank inhabitants most of whom live in Mahé the largest island in the archipelago and the gateway to the Seychelles. This island nation is dominated by magnificent natural beauty including numerous beaches, coral reefs and nature reserves, as well as rare animals such as giant Aldabra tortoises
Seychelles national ocean Economy (2015) based on ocean ecosystems is estimated at 0.7 Billion US$ slightly less than half of the National GDP of 1.6 Billion US$. Download resource
Seychelles’ coastline value is higher than the value of the ocean with more than 50% of this value coming from carbon sequestration which does not translate into real income currently pending the implementation of carbon markets.
Seychelles’ coastal tourism and coastal protection have equal value whereas the ocean economy is more important than agriculture and exports similar to Mozambique
Industrial fisheries, though important in real economy are only a fraction of the potential value of the total ocean economy
Seychelles’ EEZ is significantly larger than its land area an indication that the country could benefit from proper resource management and actualization of carbon markets.
Although the population growth rate is low (less < 1%), improved social indicators coupled with high life expectancy and high fertility rate, Seychelles’ population is still projected to reach 140 thousand people by 2100 a scenario likely to introduce further stress on natural resources.
Data sources: WIO Ocean Economy report (Obura et al. 2017), WWF/BCG/CORDIO; UNDP Development statistics, 2015; UNESA Population statistics 2015