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Seychelles, Economy and Government

SPPF, Guano, Legislative power, cinnamon bark, copra

Tourism, agriculture, and fishing are the principal sectors of the economy. Receipts from tourism were $110 million in 2000, when 130,000 tourists visited the country. Trade is dominated by the importation and reexport of petroleum; other exports include fish, copra, and cinnamon bark. Various fruits are grown for domestic consumption, however, the staple food, rice, must be imported. Since the completion of the international airport at Victoria in 1971, tourism has expanded rapidly. Guano is the only mineral product. In 1999 the national budget included $275 million in revenue and $357 in expenditure. The unit of currency is the Seychelles rupee (5.71 rupees equal U.S.$1; 2000 average).

Under the 1993 constitution, executive power is held by a president, who is popularly elected to a five-year term. The president appoints a council of ministers to act as an advisory body. Legislative power is vested in the National Assembly, which has 25 popularly elected members and 9 members selected on a proportional basis. The Seychelles People’s Progressive Front (SPPF) is the leading political group; opposition parties were legalized in 1991.



Article key phrases:

SPPF, Guano, Legislative power, cinnamon bark, copra, national budget, executive power, domestic consumption, unit of currency, advisory body, National Assembly, staple food, opposition parties, council of ministers, international airport, constitution, tourists, importation, revenue, rice, exports, fishing, Tourism, Victoria, president, agriculture, economy, average, completion

 
 

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