Seychelles

Seychelles's public debt stands at 72.8% of GDP, exceeding the 35% prudential benchmark. This elevated ratio signals constrained fiscal space and heightened vulnerability to economic shocks. The government may face increasing difficulty financing social programs and infrastructure investment without further borrowing.

The most widely used measure of overall indebtedness relative to economic activity. It reflects the government's solvency capability and long-term fiscal space.

In 2025, Seychelles repaid $0.2B while receiving only $0.1B in new disbursements — a net outflow of $0.1B. This means the country is transferring more resources abroad than it is receiving, which depletes reserves and constrains domestic investment capacity.

Seychelles has 17.6% of its debt maturing within one year, exceeding the 15% refinancing risk threshold. This elevated short-term exposure creates significant rollover risk — the government must frequently return to capital markets to refinance, leaving it vulnerable to sudden interest rate spikes or market closure.