Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total population.09 million.09 million.09 million
WDI
A.1.1
Total number of households  .02 millionA.1.2
Average household size  3.62A.1.3
Urban population (% of total)53.89% of total53.56% of total53.23% of total
WDI
A.1.4
Urban population growth (annual %)2.24%2.27%2.39%
WDI
A.1.5
A.2 Economy
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
GDP, current prices (U.S. dollars)1,375 USD (millions)1,349 USD (millions)1,315 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)2,417 USD (millions)2,293 USD (millions)2,124 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)14,940.71 USD 14,769.86 USD 14,623.54 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)26,276.65 USD 25,101.83 USD 23,617.74 USD
WEO
A.2.4
GDP, constant prices (Percent change)4.37%6.21%5.04%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)3.16%.52%3.42%
WEO
A.2.6
GDP, deflator (Index)226.54222.17217.64
WEO
A.2.7
Consumer price index120.90116.21114.62
WDI
A.2.8
GINI IndexNot available 42.77
WDI
A.2.9
Median national annual household income 8,554.52 USD 8,825.29 USD A.2.10
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Interest Rates:A.2.15
Central bank lending/discount rateNot available 5.13%
IFS
A.2.15.1
Yield on 3 months treasury bills9.08%3.64%3.93%
IFS
A.2.15.2
Yield on 10-year Government bond5.5%5.5%Not available
IFS
A.2.15.3
Average bank deposit rate3.16%2.33%3.43%
IFS
A.2.15.4
Lending rate12.36%11.65%12.29%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Number of dwelling units:B.1.1
TotalNot available .02 millionB.1.1.1
Characteristics of housing stock:B.1.3
Tenure in urban areas (%):B.1.4
Owner-occupied unitsNot available 69.27% of totalB.1.4.1
Estimated Number of units completed/yearB.1.5
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


back to top | Country Data:
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: Average annual income
Notes: Average annual income
Notes: Average annual income
Notes: Average annual income
Notes: Average annual income
Notes: First time home buyers earning less than Rs20,000 (US$1,509.43) per month qualify for a government subsidy in the form of a cash grant between Rs50,000 (US$3,773) and Rs200,000 (US$15,094) as a down payment. To qualify, applicants must have at least a 10% contribution towards the cost of the property. The HFC also grants exceptions for those who can only manage to save 7.5% on a case by case basis.
Notes: First time home buyers earning less than Rs20,000 (US$1,509.43) per month qualify for a government subsidy in the form of a cash grant between Rs50,000 (US$3,773) and Rs200,000 (US$15,094) as a down payment. To qualify, applicants must have at least a 10% contribution towards the cost of the property. The HFC also grants exceptions for those who can only manage to save 7.5% on a case by case basis.
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Housing Finance Company Limited
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Loans made by other depository corporations
Notes: Seychelles Housing Finance Company and Public Management Corporation
Notes: The HFC has the Housing Savings Scheme which enables people to save a minimum of 10% to qualify for government-constructed subsidized housing (currently costs about Rs450,000 or US$33,962).
Notes: The HFC has the Housing Savings Scheme which enables people to save a minimum of 10% to qualify for government-constructed subsidized housing (currently costs about Rs450,000 or US$33,962).
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The Housing Finance Company Limited is a government owned company that provides financing for the purchasing of land, housing and home improvements. This institution was incorporated in 2003.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted in 1981.
Notes: The People's Housing Mortgages Act was enacted n 1981.
Notes: There are no deductions allowed on rental properties.
Notes: There is a flat tax of 15% on rental income.