Seychelles, officially the Republic of Seychelles, is an archipelago and sovereign state in the Indian Ocean. The 115-island country, whose capital is Victoria, lies 1,500 kilometres east of mainland East Africa. Other nearby island countries and territories include Comoros, Mayotte (region of France), Madagascar, Réunion (region of France) and Mauritius to the south. With a population of roughly 94,228, it has the smallest population of any sovereign African country; however, it does have a larger population than the British overseas territory Saint Helena, Ascension and Tristan da Cunha.
After proclamation of independence from the United Kingdom in 1976, Seychelles has developed from a largely agricultural society to a market-based diversified economy, with agriculture being supplanted by rapidly rising service and public sectors as well as tourism. Since 1976, nominal GDP output has increased nearly sevenfold and the purchasing power parity nearly sixteenfold. In recent years, the government has encouraged foreign investment in order to upgrade these sectors.
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