Economic Transformation Strategy

CHAPTER 2 / BROAD STRATEGY FOR DEVELOPMENT As the economic opportunities in Seychelles' economy increase, it is important that the local population is not left behind and is thus equipped with the education and skills required to participate. Additionally, the challenge for the de- velopment of the blue economy is that the local workforce is trained with the skills needed to partake fully in this sector. Over 70 percent of people in the Seychelles labour market work on a full-time basis, with about 10 percent operating their own business and about four percent operating a business with regular, paid employees. Since the mid-2000s, imported labour has increased rapidly and this has been linked with the corresponding growth of output over the years. Total +14.7% 100,000 90,000 Seychellois population ■Total 30% Decomposition of change in real output per permanent resident population 20% 80,000 Seychellois empoyed 10% 70,000 Labor 0% 60,000 migrants -10% 50.000 +29.5% -20% 40,000 -30% 30,000 +540.1% 20,000 10.000 0 2002 2015 Demographics (local workers/population) ■Labor migration (lotal/local workers) ■Domestic labor productivity (output/local worker) Source: Staff estimates based on data from Agency for National Human Resource Development, Ministry of Home Affairs, United Nations. 1981-85 1986-90 1991-95 1996-00 2001-05 2006-10 2011-15 חקה. 52 52

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