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Seychelles

Seychelles

Since independence in 1976, per capita output has expanded to roughly seven times the old near-subsistence level. The tourist sector led to this growth, which provides more than 70% of hard currency earnings and employs about 30% of the labour force, and by tuna fishing. The government decided to reduce the dependence on tourism by promoting the development of farming, fishing, small-scale manufacturing with their most recently promotion, the offshore sector. The vulnerability of the tourist sector was illustrated by the sharp drop in 1991-1992 due largely to the country's significantly overvalued exchange rate and the Gulf War, and once again following the September 11, 2001 attacks on the United States.

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Country Population: 80,654
Country Capital: Victoria
Country Currency: Seychellios rupee

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