Economy of Réunion

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The economy of Réunion has traditionally been based on agriculture. Sugarcane has been the primary crop for more than a century, and in some years it accounts for 85% of exports. The government has been^[when?] pushing the development of a tourist industry to relieve high unemployment, which amounts^[when?] to more than 40% of the labour force.

The gap in Réunion between the well-off and the poor is large and accounts for persistent social tensions.^[1] The outbreak of severe rioting in February 1991 illustrated the seriousness of socio-economic tensions.^[2]

In 2007 the GDP per capita of Réunion at nominal exchange rates, not at PPP, was €17,146 (US$23,501).^[3] However, while this is exceptionally high compared with its neighbours in Madagascar and the African continent, it is only 57% of the 30,140 euros per capita GDP of metropolitan France in 2007.Reunion Island is one of the French departments with the highest poverty rate with 42% of the population living below the poverty line. ^[4] The total GDP of the island was US$18.8 billion in 2007.^[3]

Other export products[edit]

• Essential oil (mainly vetyver and rose scent geranium)
• Bourbon vanilla
• Fish & seafood, mainly tuna, swordfish and Patagonian toothfish

Statistics[edit]

• Currency: 1 euro (sign: €; code: EUR) = 100 Cent
• Exchange rates: See: Euro exchange rate
• Fiscal year: calendar year

See also[edit]

• Economy of France in: French Guiana, French Polynesia, Guadeloupe, Martinique, Mayotte, New Caledonia, Réunion, Saint Barthélemy, Saint Martin, Saint Pierre and Miquelon, Wallis and Futuna
• Taxation in France
• Economic history of France
• Poverty in France

References[edit]

Media related to Economy of Réunion at Wikimedia Commons

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