Difference between revisions of "Seychelles" - New World Encyclopedia

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| align="center" width="140px" height="135px" | [[Image:Seychelles_coa.png]]
 
| align="center" width="140px" height="135px" | [[Image:Seychelles_coa.png]]
 
|-
 
|-
| align="center" width="140px" | ([[Flag of Seychelles|In Detail]])
+
| align="center" width="140px" | Flag of Seychelles
| align="center" width="140px" | ([[Coat of Arms of Seychelles|In Detail]])
+
| align="center" width="140px" | Coat of Arms of Seychelles
 
|}
 
|}
 
|-
 
|-
| align=center style="vertical-align: top;" colspan=2 | <small>''[[List of state mottos|National motto]]: Finis Coronat Opus<br>([[Latin]]: The End Crowns the Work)''</small>
+
| align=center style="vertical-align: top;" colspan=2 | National motto (Latin): ''Finis Coronat Opus''<br><small>(''The End Crowns the Work'')
 
|-
 
|-
 
| align=center colspan=2 style="background: #ffffff;" | [[image:LocationSeychelles.png]]
 
| align=center colspan=2 style="background: #ffffff;" | [[image:LocationSeychelles.png]]
 
|-
 
|-
| '''[[Official language]]s'''
+
| '''Principal languages'''
| [[Seychellois Creole|Creole]]; [[English language|English]] and [[French language|French]]
+
| Creole, English, French
 
|-
 
|-
| '''[[Capital]] '''
+
| '''Capital '''
| [[Victoria, Seychelles|Victoria]]
+
| Victoria
 
|-
 
|-
| '''[[List of Presidents of Seychelles|President]]'''
+
| '''President'''
| [[James Michel]]
+
| James Michel
 
|-
 
|-
| '''[[Area]]'''<br>&nbsp;- Total <br>&nbsp;- % water
+
| '''Area'''<br>&nbsp;- Total
| [[List of countries by area|Ranked 177th]] <br> 455 [[square kilometre|km&sup2;]] <br> Negligible
+
| [[Ranked 177th]] <br> 455 km&sup2;
 
|-
 
|-
| '''[[Population]] '''<br>&nbsp;- Total (year)<br>&nbsp;- [[Population density|Density]]
+
| '''Population '''<br>&nbsp;- Total (2005 est.)<br>&nbsp;- Density
| [[List of countries by population|Ranked 181st]]<br> 81,188 (2005 est.)<br> 178/km&sup2;
+
| [[Ranked 181st]]<br> 81,188<br> 178/km&sup2;
 
|-
 
|-
|'''[[Human Development Index|HDI]]''' ([[2003]]) || 0.821 ([[List of countries by Human Development Index|51st]]) – <font color="#009900">high</font>
+
| '''Independence'''
 +
| 1976
 
|-
 
|-
| '''[[Independence]]'''<br>&nbsp;- Date
+
| '''Currency'''
| From the [[United Kingdom]]<br>[[June 29]], [[1976]]
+
| Seychelles rupee
 
|-
 
|-
| '''[[Currency]]'''
+
| '''Time zone'''
| [[Seychelles rupee]]
+
| Universal Time +4
 
|-
 
|-
| '''[[Time zone]]'''
+
| '''National anthem'''
| [[Coordinated Universal Time|UTC]] +4
+
| ''Koste Seselwa''<br><small>(''Come Together, Seychellois'')
 
|-
 
|-
| '''[[National anthem]]'''
+
| '''Internet TLD'''
| ''[[Koste Seselwa]]''
+
| .sc
 
|-
 
|-
| '''[[Top-level domain|Internet TLD]]'''
+
| '''Country Calling Code'''
| [[.sc]]
 
|-
 
| '''[[List of country calling codes|Calling Code]]'''
 
 
| 248
 
| 248
|}The '''Republic of Seychelles''' (say-SHELLS or say-SHELL) ([[Creole language|Creole]]: ''Repiblik Sesel'') is a nation of islands in the [[Indian Ocean]], some 1,600 km east of mainland [[Africa]], northeast of the island of [[Madagascar]]. Other nearby island countries and territories include [[Mauritius]] and [[Réunion]] to the south, [[Comoros]] and [[Mayotte]] to the southwest, and the [[Maldives]] to the northeast.
+
|}
== History ==
+
The '''Republic of Seychelles''' (say-SHELLS or say-SHELL) is a nation of islands in the [[Indian Ocean]], some 1,600 km east of mainland [[Africa]] and northeast of the island of [[Madagascar]]. Other nearby island countries and territories include [[Mauritius]] and [[Réunion]] to the south, [[Comoros]] and [[Mayotte]] to the southwest, and the [[Maldives]] to the northeast.
''Main article: [[History of Seychelles]]''
 
  
While [[Arab]] traders were probably the first to visit the uninhabited Seychelles, the first recorded sighting of them took place in [[1505]], by the [[Portugal|Portuguese]]. As a transit point for trading between [[Africa]] and [[Asia]], they were occasionally used by [[pirate]]s until the [[France|French]] began to take control of the islands starting in [[1756]], naming them after [[Jean Moreau de Sechelles]], the then French finance minister.
+
== Geography ==
  
The [[United Kingdom|British]] contested control over the islands with the French between [[1794]] and [[1811]], with the British eventually gaining the upper hand and being ceded the islands in [[1814]]. The Seychelles became a [[crown colony]] separate from [[Mauritius]] in [[1903]] and independence was granted in [[1976]], as a [[republic]] within the [[Commonwealth of Nations|Commonwealth]]. The 1979 [[constitution]] declared a [[socialism|socialist]] one-party state, which lasted until [[1992]].
+
The Seychelles constitute an archipelago in the Indian Ocean of about 115 islands, of which 33 are inhabited. The group of islands around [[Mahé, Seychelles|Mahé]] consist of granite and are the largest and most populated of the country. The remaining outer group consists of smaller [[coral]]line atolls. The capital city, [[Victoria, Seychelles|Victoria]], is situated on Mahé, which is the largest island and home to about 80% of the total population, as well as the Seychelles' highest point, the [[Morne Seychellois]] at 905 m.
  
== Politics ==
+
The local climate is tropical, tempered by marine influences and fairly humid. The southeast monsoon is a generally cooler season which lasts from late May to September, while the warmer northwest monsoon lasts from March to May. The Seychelles are fortunate to lie outside the tropical cyclone belt.
''Main article: [[Politics of Seychelles]]''
 
  
The Seychellois [[president]], who is both [[head of state]] and [[head of government]], is elected by popular vote for a five-year term of office. The previous president, [[France-Albert René]], was democratically elected after the [[constitution]]al reforms of [[1992]], though he had been in power since a [[coup d'état]] in [[1977]]. He stood down in [[2004]] in favour of his vice-president, [[James Michel]]. The [[cabinet]] is presided over and appointed by the president, subject to the approval of a majority of the legislature.
+
Seychelles largely escaped the [[2004_Indian_Ocean_Earthquake|Asian Tsunami of December 2004]] spawned by an earthquake. However, the islands did see significant flooding and damage -- as well as large loss of marine life and deathtoll of three persons.
  
The [[unicameral]] Seychellois [[parliament]], the National Assembly or ''Assemblée Nationale'', consists of 34 members, of whom 25 are elected directly by popular vote, while the remaining 9 seats are appointed proportionally according to the percentage of votes received by each party. All members serve five-year terms.
+
== History ==
  
Politics is a topic of hot debate in the country - with many claiming theres a social and economic divide between the two leading parties and their supporters.
+
While [[Arab]] traders were probably the first to visit the uninhabited Seychelles, the first recorded sighting of them took place in 1505, by the [[Portugal|Portuguese]]. As a transit point for trading between [[Africa]] and [[Asia]], they were occasionally used by [[pirate]]s until the French began to take control of the islands starting in 1756, naming them after [[Jean Moreau de Sechelles]], the then French finance minister.
 +
[[Image:Victoria (Seychelles).jpg|thumb|Victoria, Seychelles]]
 +
The British contested control over the islands with the French between 1794 and 1811, with the British eventually gaining the upper hand and being ceded the islands in 1814. The Seychelles became a crown colony separate from [[Mauritius]] in 1903 and independence was granted in 1976, as a republic within the [[Commonwealth of Nations|Commonwealth]]. The 1979 constitution declared a socialist one-party state, which lasted until 1992.
  
The Seychelles are part of the [[Indian Ocean Commission]].
+
== Politics ==
  
== Districts ==
+
The Seychellois president, who is both head of state and head of government, is elected by popular vote for a five-year term of office. The previous president, [[France-Albert René]], was democratically elected after the constitutional reforms of 1992, though he had been in power since a coup d'état in 1977. He stood down in 2004 in favour of his vice-president, [[James Michel]]. The cabinet is presided over and appointed by the president, subject to the approval of a majority of the legislature.
 
[[Image:BigBenVictoriaSeychelles.JPG|thumb|the famous Big Ben monument in the center of Victoria, capital of Seychelles]]
 
[[Image:BigBenVictoriaSeychelles.JPG|thumb|the famous Big Ben monument in the center of Victoria, capital of Seychelles]]
''Main article: [[Districts of Seychelles]]''
+
The unicameral Seychellois parliament, the National Assembly or ''Assemblée Nationale'', consists of 34 members, of whom 25 are elected directly by popular vote, while the remaining nine seats are appointed proportionally according to the percentage of votes received by each party. All members serve five-year terms.
  
The main island, Mahe, is divided into 23 administrative regions, called districts:
+
Politics is a topic of hot debate in the country — with many claiming there's a social and economic divide between the two leading parties and their supporters.
  
<table border="0"><tr><td>
+
The Seychelles are part of the [[Indian Ocean Commission]].
*[[Anse aux Pins]]
 
*[[Anse Boileau]]
 
*[[Anse Etoile]]
 
*[[Anse Louis]]
 
*[[Anse Royale]]
 
*[[Baie Lazare]]
 
*[[Baie Sainte Anne]]
 
*[[Beau Vallon]]
 
*[[Bel Air, Syechelles|Bel Air]]
 
*[[Bel Ombre]]
 
*[[Cascade, Seychelles|Cascade]]
 
*[[Glacis, Seychelles|Glacis]]
 
</td><td valign="top">
 
*[[Grand' Anse (Mahe)]]
 
*[[Grand' Anse (Praslin)]]
 
*[[La Digue]]
 
*[[La Riviere Anglaise]]
 
*[[Mont Buxton]]
 
*[[Mont Fleuri]]
 
*[[Plaisance]]
 
*[[Pointe La Rue]]
 
*[[Port Glaud]]
 
*[[Saint Louis, Seychelles|Saint Louis]]
 
*[[Takamaka]]
 
</td></tr></table>
 
  
 
+
== Economy ==
== Geography ==
 
 
[[Image:Se-map.gif|thumb|Map of the Seychelles]]
 
[[Image:Se-map.gif|thumb|Map of the Seychelles]]
''Main article: [[Geography of Seychelles]]''
 
  
The Seychelles constitute an [[archipelago]] in the [[Indian Ocean]] of about 115 islands, of which 33 are inhabited. The group of islands around [[Mahé, Seychelles|Mahé]] consist of [[granite]] and are the largest and most populated of the country. The remaining outer group consists of smaller [[coral]]line [[atoll]]s. The capital city, [[Victoria, Seychelles|Victoria]], is situated on Mahé, which is the largest island and home to about 80% of the total population, as well as the Seychelles' highest point, the [[Morne Seychellois]] at 905 m.
+
Since independence in 1976, per capita output has expanded to roughly seven times the old near-subsistence level. Growth has been led by the tourist sector, which employs about 30% of the labour force and provides more than 70% of hard currency earnings, and by tuna fishing. In recent years the government has encouraged foreign investment in order to upgrade hotels and other services.
  
The local [[climate]] is tropical, tempered by marine influences and fairly humid. The southeast [[monsoon]] is a generally cooler season which lasts from late May to September, while the warmer northwest monsoon lasts from March to May. The Seychelles are fortunate to lie outside the [[tropical cyclone]] belt.
+
At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, fishing, and small-scale manufacturing. The vulnerability of the tourist sector was illustrated by the sharp drop in 1991-92 due largely to the country's significantly overvalued exchange rate, the [[Gulf War]] and once again following the [[September 11, 2001 attacks]] on the U.S. Other issues facing the government are the curbing of the budget deficit, including the containment of social welfare costs, and further privatisation of public enterprises. The government has a pervasive presence in economic activity, with public enterprises active in petroleum product distribution, insurance, banking, imports of basic products, telecommunications, and a wide range of other businesses.
 
 
Seychelles largely escaped the [[2004_Indian_Ocean_Earthquake|Asian Tsunami of December 2004]] spawned by an earthquake. However, the islands did see significant flooding and damage - as well as large loss of marine life and deathtoll of three persons.
 
  
 +
Growth slowed in 1998–2001, due to sluggish tourist and tuna sectors. Also, tight controls on exchange rates and the scarcity of foreign exchange have impaired short-term economic prospects. The [[black market]] value of the [[Seychelles rupee]] is half the official exchange rate; without a devaluation of the currency the tourist sector should remain sluggish as tourists seek cheaper destinations such as nearby [[Comoros]] and [[Madagascar]].
 
[[Image:Seychelles praslin anselazio.jpg|thumb|Anse Lazio on Praslin, an island of the Seychelles]]
 
[[Image:Seychelles praslin anselazio.jpg|thumb|Anse Lazio on Praslin, an island of the Seychelles]]
== Economy ==
+
At official exchange rates Seychelles remains the richest country in Africa in terms of [[GDP per capita]]. (US$7,504 as of 2005), although if the parallel exchange rate, or purchasing power parity rates, are used, it ranks behind Mauritius and Botswana.  Because of economic contraction (the economy declined by about 2% in 2004 and is set to decline by at least the same level in 2005) the country is moving downwards in terms of per capita income.
[[Image:Seychelles 25 cents.JPG|thumb|25 cent coins from Seychelles]]
 
''Main article: [[Economy of Seychelles]]''
 
Since independence in [[1976]], per capita output has expanded to roughly seven times the old near-subsistence level. Growth has been led by the [[tourism|tourist]] sector, which employs about 30% of the labour force and provides more than 70% of hard currency earnings, and by [[tuna]] fishing. In recent years the government has encouraged foreign investment in order to upgrade hotels and other services.
 
 
 
At the same time, the government has moved to reduce the dependence on tourism by promoting the development of [[farming]], [[fishing]], and small-scale [[manufacturing]]. The vulnerability of the tourist sector was illustrated by the sharp drop in [[1991]]-[[1992]] due largely to the country's significantly overvalued exchange rate, the [[Gulf War]] and once again following the [[September 11, 2001 attacks]] on the U.S.. Other issues facing the government are the curbing of the [[budget deficit]], including the containment of [[social welfare]] costs, and further [[privatisation]] of public enterprises.  The government has a pervasive presence in economic activity, with public enterprises active in petroleum product distribution, insurance, banking, imports of basic products, telecommunications, and a wide range of other businesses.
 
 
 
Growth slowed in [[1998]]–[[2001]], due to sluggish tourist and tuna sectors. Also, tight controls on exchange rates and the scarcity of foreign exchange have impaired short-term economic prospects. The [[black market]] value of the [[Seychelles rupee]] is half the official exchange rate; without a devaluation of the currency the tourist sector should remain sluggish as tourists seek cheaper destinations such as nearby [[Comoros]] and [[Madagascar]].
 
 
 
At official exchange rates Seychelles remains the richest country in Africa in terms of [[GDP per capita]]. (US$7,504 as of [[2005]]), although if the parallel exchange rate, or purchasing power parity rates, are used, it ranks behind Mauritius and Botswana.  Because of economic contraction (the economy declined by about 2% in 2004 and is set to decline by at least the same level in 2005) the country is moving downwards in terms of per capita income.
 
  
 
It is important to note that Seychelles is one of the most highly indebted countries in the world, with total public debt around 122.8% of GDP.  Approximately two thirds of this debt is owed domestically, with the balance due to multilaterals, bilaterals and commercial banks.  The country is in arrears to most of its international creditors and has had to resort to pledged commercial debt to continue to be able to borrow.  This high debt burden is a direct consequence of the overvalued exchange rate — in essence, the country is living beyond its means, and financing its lifestyle by borrowing domestically and internationally.
 
It is important to note that Seychelles is one of the most highly indebted countries in the world, with total public debt around 122.8% of GDP.  Approximately two thirds of this debt is owed domestically, with the balance due to multilaterals, bilaterals and commercial banks.  The country is in arrears to most of its international creditors and has had to resort to pledged commercial debt to continue to be able to borrow.  This high debt burden is a direct consequence of the overvalued exchange rate — in essence, the country is living beyond its means, and financing its lifestyle by borrowing domestically and internationally.
  
 
== Demographics ==
 
== Demographics ==
[[Image:Victoria (Seychelles).jpg|thumb|Victoria, Seychelles]]
 
''Main article: [[Demographics of Seychelles]]''
 
  
 
As the islands of the Seychelles had no indigenous population, the current Seychellois are composed of immigrants, mostly of [[France|French]], [[Africa]]n, [[India]]n, and [[ethnic Chinese|Chinese]] descent. [[French language|French]] and [[English language|English]] are official languages along with a French-based [[Seychellois Creole|Creole]]. Most Seychellois are Christians, mostly [[Catholic Church|Catholics]].
 
As the islands of the Seychelles had no indigenous population, the current Seychellois are composed of immigrants, mostly of [[France|French]], [[Africa]]n, [[India]]n, and [[ethnic Chinese|Chinese]] descent. [[French language|French]] and [[English language|English]] are official languages along with a French-based [[Seychellois Creole|Creole]]. Most Seychellois are Christians, mostly [[Catholic Church|Catholics]].
  
 
== Culture ==
 
== Culture ==
''Main article: [[Culture of Seychelles]]''
 
*[[Music of Seychelles]]
 
  
== Fauna and flora ==
 
[[Image:PICT0108.JPG|thumb|palm spider, Seychelles]]
 
[[Image:Magpie robins2.jpg|thumb|Magpie robins (Copsychus Sechellarum) on Cousine, Seychelles]]
 
The islands are home to 81 [[endemic]] plant [[species]].  Well-known is the [[Coco de mer]], a species of palm that grows only on the islands of [[Praslin]] and [[Curieuse]]. Sometimes nicknamed the 'love nut' because of its suggestive shape, the coco-de-mer is the world's largest seed.
 
[[Image:Seychelles4.jpg|thumbnail|Seychelles beach.]]
 
== Miscellaneous topics ==
 
  
* [[List of Seychellois|List of Notable Seychellois]]
 
* [[Communications in Seychelles]]
 
* [[Transportation in Seychelles]]
 
* [[Military of Seychelles]]
 
* [[Foreign relations of Seychelles]]
 
  
== Further reading ==
 
  
* ''Birds of the Seychelles'' Ian Bullock, Adrian Skerrett, Tony Disley
 
* ''Bradt travel Guide: Seychelles'' Lynnath Beckleya and Lyn Mair
 
* ''The History of Slavery in Mauritius and the Seychelles, 1810-1875'' Moses D. E., Nwulia
 
* ''Insight Guide: Mauritius, Réunion and Seychelles'' Emily Hatchwell
 
* ''Insight Pocket Guide: Seychelles'' Judith Skerrett
 
* ''Lonely Planet World Guide: Mauritius, Réunion and Seychelles''  Jan Dodd, Madeleine Philippe
 
* ''Political Castaways'' Christopher Lee
 
* ''The Seychelles'' Michael Friedel
 
* ''Seychelles'' Vincenzo Paolillo
 
* ''Seychelles: Garden of Eden in the Indian Ocean'' Sarah Carpin
 
* ''Seychelles: The New Era'' France René
 
* ''Seychelles Since 1770: History of a Slave and Post-Slavery Society'' Deryck Scarr
 
'Rivals in Eden'and 'Hard Times in Paradise' Bill McAteer
 
  
== External links ==
+
 
{{commonscat|Seychelles}}
+
 
{{wiktionary}}
+
 
 +
== Fauna and flora ==
 +
 
 +
The islands are home to 81 endemic plant species.  Well-known is the [[Coco de mer]], a species of palm that grows only on the islands of [[Praslin]] and [[Curieuse]]. Sometimes nicknamed the 'love nut' because of its suggestive shape, the coco-de-mer is the world's largest seed.
 +
[[Image:Seychelles4.jpg|thumbnail|Seychelles beach.]]
 +
 
  
 
===Government===
 
===Government===
Line 195: Line 132:
  
 
===Tourism===
 
===Tourism===
*{{wikitravel}}
+
 
 
* [http://www.aspureasitgets.com/ Official tourist board info]
 
* [http://www.aspureasitgets.com/ Official tourist board info]
  

Revision as of 08:30, 29 December 2005


Repiblik Sesel
République des Seychelles
Republic of Seychelles
Flag of the Seychelles.svg Seychelles coa.png
Flag of Seychelles Coat of Arms of Seychelles
National motto (Latin): Finis Coronat Opus
(The End Crowns the Work)
LocationSeychelles.png
Principal languages Creole, English, French
Capital Victoria
President James Michel
Area
 - Total
Ranked 177th
455 km²
Population
 - Total (2005 est.)
 - Density
Ranked 181st
81,188
178/km²
Independence 1976
Currency Seychelles rupee
Time zone Universal Time +4
National anthem Koste Seselwa
(Come Together, Seychellois)
Internet TLD .sc
Country Calling Code 248

The Republic of Seychelles (say-SHELLS or say-SHELL) is a nation of islands in the Indian Ocean, some 1,600 km east of mainland Africa and northeast of the island of Madagascar. Other nearby island countries and territories include Mauritius and Réunion to the south, Comoros and Mayotte to the southwest, and the Maldives to the northeast.

Geography

The Seychelles constitute an archipelago in the Indian Ocean of about 115 islands, of which 33 are inhabited. The group of islands around Mahé consist of granite and are the largest and most populated of the country. The remaining outer group consists of smaller coralline atolls. The capital city, Victoria, is situated on Mahé, which is the largest island and home to about 80% of the total population, as well as the Seychelles' highest point, the Morne Seychellois at 905 m.

The local climate is tropical, tempered by marine influences and fairly humid. The southeast monsoon is a generally cooler season which lasts from late May to September, while the warmer northwest monsoon lasts from March to May. The Seychelles are fortunate to lie outside the tropical cyclone belt.

Seychelles largely escaped the Asian Tsunami of December 2004 spawned by an earthquake. However, the islands did see significant flooding and damage — as well as large loss of marine life and deathtoll of three persons.

History

While Arab traders were probably the first to visit the uninhabited Seychelles, the first recorded sighting of them took place in 1505, by the Portuguese. As a transit point for trading between Africa and Asia, they were occasionally used by pirates until the French began to take control of the islands starting in 1756, naming them after Jean Moreau de Sechelles, the then French finance minister.

Victoria, Seychelles

The British contested control over the islands with the French between 1794 and 1811, with the British eventually gaining the upper hand and being ceded the islands in 1814. The Seychelles became a crown colony separate from Mauritius in 1903 and independence was granted in 1976, as a republic within the Commonwealth. The 1979 constitution declared a socialist one-party state, which lasted until 1992.

Politics

The Seychellois president, who is both head of state and head of government, is elected by popular vote for a five-year term of office. The previous president, France-Albert René, was democratically elected after the constitutional reforms of 1992, though he had been in power since a coup d'état in 1977. He stood down in 2004 in favour of his vice-president, James Michel. The cabinet is presided over and appointed by the president, subject to the approval of a majority of the legislature.

the famous Big Ben monument in the center of Victoria, capital of Seychelles

The unicameral Seychellois parliament, the National Assembly or Assemblée Nationale, consists of 34 members, of whom 25 are elected directly by popular vote, while the remaining nine seats are appointed proportionally according to the percentage of votes received by each party. All members serve five-year terms.

Politics is a topic of hot debate in the country — with many claiming there's a social and economic divide between the two leading parties and their supporters.

The Seychelles are part of the Indian Ocean Commission.

Economy

File:Se-map.gif
Map of the Seychelles

Since independence in 1976, per capita output has expanded to roughly seven times the old near-subsistence level. Growth has been led by the tourist sector, which employs about 30% of the labour force and provides more than 70% of hard currency earnings, and by tuna fishing. In recent years the government has encouraged foreign investment in order to upgrade hotels and other services.

At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, fishing, and small-scale manufacturing. The vulnerability of the tourist sector was illustrated by the sharp drop in 1991-92 due largely to the country's significantly overvalued exchange rate, the Gulf War and once again following the September 11, 2001 attacks on the U.S. Other issues facing the government are the curbing of the budget deficit, including the containment of social welfare costs, and further privatisation of public enterprises. The government has a pervasive presence in economic activity, with public enterprises active in petroleum product distribution, insurance, banking, imports of basic products, telecommunications, and a wide range of other businesses.

Growth slowed in 1998–2001, due to sluggish tourist and tuna sectors. Also, tight controls on exchange rates and the scarcity of foreign exchange have impaired short-term economic prospects. The black market value of the Seychelles rupee is half the official exchange rate; without a devaluation of the currency the tourist sector should remain sluggish as tourists seek cheaper destinations such as nearby Comoros and Madagascar.

File:Seychelles praslin anselazio.jpg
Anse Lazio on Praslin, an island of the Seychelles

At official exchange rates Seychelles remains the richest country in Africa in terms of GDP per capita. (US$7,504 as of 2005), although if the parallel exchange rate, or purchasing power parity rates, are used, it ranks behind Mauritius and Botswana. Because of economic contraction (the economy declined by about 2% in 2004 and is set to decline by at least the same level in 2005) the country is moving downwards in terms of per capita income.

It is important to note that Seychelles is one of the most highly indebted countries in the world, with total public debt around 122.8% of GDP. Approximately two thirds of this debt is owed domestically, with the balance due to multilaterals, bilaterals and commercial banks. The country is in arrears to most of its international creditors and has had to resort to pledged commercial debt to continue to be able to borrow. This high debt burden is a direct consequence of the overvalued exchange rate — in essence, the country is living beyond its means, and financing its lifestyle by borrowing domestically and internationally.

Demographics

As the islands of the Seychelles had no indigenous population, the current Seychellois are composed of immigrants, mostly of French, African, Indian, and Chinese descent. French and English are official languages along with a French-based Creole. Most Seychellois are Christians, mostly Catholics.

Culture

Fauna and flora

The islands are home to 81 endemic plant species. Well-known is the Coco de mer, a species of palm that grows only on the islands of Praslin and Curieuse. Sometimes nicknamed the 'love nut' because of its suggestive shape, the coco-de-mer is the world's largest seed.

File:Seychelles4.jpg
Seychelles beach.


Government

Overviews

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Tourism

Other

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