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nd Seychelles Liberal Party or SLP Political pressure groups and leaders: Roman Catholic Church; trade unions International organization participation: ACCT, ACP, AfDB, C, ECA, FAO, G-77, IBRD, ICAO, ICFTU, ICRM, IFAD, IFC, IFRCS, ILO, IMF, IMO, InOC, Intelsat (nonsignatory user), Interpol, IOC, ISO (correspondent), NAM, OAU, OPCW, SADC, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WHO, WMO, WToO, WTrO (applicant) Diplomatic representation in the US: chief of mission: Ambassador Harold Walter GEISEL chancery: 800 Second Avenue, Suite 400C, New York, NY 10017 telephone: (212) 972-1785 FAX: (212) 972-1786 Diplomatic representation from the US: the US does not have an embassy in Seychelles; the ambassador to Mauritius is accredited to Seychelles Flag description: five oblique bands of blue (hoist side), yellow, red, white, and green (bottom) radiating from the bottom of the hoist side @Seychelles:Economy Economy - overview: Since independence in 1976, per capita output in this Indian Ocean archipelago 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 labor 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 Gulf war. Although the industry has rebounded, the government recognizes the continuing need for upgrading the sector in the face of stiff international competition. Other issues facing the government are the curbing of the budget deficit and further privatization of public enterprises. Growth slowed in 1998-99, due to sluggish tourist and tuna sectors. GDP: purchasing power parity - $590 million (1999 est.) GDP - real growth rate: 1.8% (1999 est.) GDP - per capita: purchasing power parity - $7,500 (1999 est.) GDP - composition by sector: agriculture: 4% industry: 21% services: 75% (1996) Population below poverty line: NA% Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Inflation rate (consumer prices): 3% (1999) Labor force: 26,000 (1996) Labor force - by oc
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