The economyThe management of money, currency and trade of a nation. The... 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 unemploymentAn economic situation in which jobless people, often those w..., which amounts to more than 40% of the labourWork, especially manual/physical work, for wages. 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 capitaFor each person in the population. Per head. An expression o... 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 capitaFor each person in the population. Per head. An expression o... GDP of metropolitan France in 2007. The total GDP of the island was US$18.8 billion in 2007.
Important Details
- Country ISO3 : REU
- Country Code : 638
- Income Group : Others
- Lending Category : P2PPeer-to-peer is a model for computer connectivity and file-
- Region : Region of France in the Indian Ocean
- Currency Unit: Euro
- WTO Member : No
- TradeThe buying and selling or exchange of goods and services. Th... organisations : NA
- world rank : NA
- Regional Ranking : NA