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Reunion – Important Facts

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.

Important Details

  • Country ISO3 : REU
  • Country Code : 638
  • Income Group : Others
  • Lending Category : P2P
  • Region : Region of France in the Indian Ocean
  • Currency Unit: Euro
  • WTO Member : No
  • Trade organisations : NA
  • world rank : NA
  • Regional Ranking : NA