Economy of Réunion

Main article: Réunion

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 pushing the development of a tourist industry to relieve high unemployment, which amounts to more than 40% of the labour force.

The gap in Réunion between the well-off and the poor is large and accounts for the persistent social tensions. The outbreak of severe rioting in February 1991 illustrated the seriousness of socio-economic tensions. However, this gap has been closing in the last 15 years.

In 2007 the GDP per capita of Réunion at nominal exchange rates, not at PPP, was €17,146 (US$23,501). 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. The total GDP of the island was US$18.8 billion in 2007.

Other export products

• Essential oil (mainly Vetyver and Rose Scent Geranium)
• Bourbon vanilla
• Fish & seafood, mainly Tuna, Swordfish and Patagonian toothfish

Statistics

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

See also

• 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