In 2011, the Seychelles economy, as measured by real growth in gross domestic product (GDP), is estimated to have grown at 5.0%, which, although slower than the GDP growth rate of 6.7% in 2010, is higher than was expected at the beginning of 2011. This stronger than expected performance was due to an 11% rise in tourism numbers and the positive impact of economic reforms. Growth was lower than 2010 due to a decline in foreign direct investment (FDI), as well as the impact of higher food and fuel prices. Tourism will continue to be the main driver of economic growth in 2012/13. As a result, GDP growth is projected to decline further in 2012 to 4%, as the financial crisis in Europe, which accounts for about 70% of tourists, continues. Higher inflation and interest rates, combined with continued fiscal consolidation, will also dampen domestic demand. From 2013, GDP growth is expected to increase to about 5%, due to a more favourable global economic environment, ongoing structural reforms, and higher investment and consumption spending.