The World Bank has published a report setting out productivity reforms that could increase Seychelles’ GDP by 13% by 2040, create 2,900 additional jobs and generate the equivalent of more than 7,600 better-paying jobs. The reforms could also raise real wages by almost 8% and household purchasing power by more than 8%, helping the country address pressures from an aging population, skills shortages and its geographic isolation. The report recommends modernizing labor regulations and foreign labor management, reducing trade and investment barriers, and strengthening commercial justice. It also calls for improved education, workforce skills and school-to-work pathways, alongside better and more affordable internet access, expanded digital government services and stronger digital skills. Implementing the measures together would have the greatest impact, with expected long-term gains in growth, employment and public finances outweighing the upfront costs.
2026-09-17World Bank
World Bank identifies productivity reforms that could raise Seychelles GDP by 13% by 2040
The World Bank estimates that productivity reforms could raise Seychelles’ GDP by 13% by 2040 and create 2,900 additional jobs. It recommends modernizing the labor market and business environment, improving skills and school-to-work pathways, and accelerating digital transformation.