1UpTravel


 

You are here > 1Up Travel > Countries of the World > Africa > Reunion



ADVERTISEMENT

Country

 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Maps & Cities

  Transnational issues


Related

  Reunion Guide
  Reunion Maps
  Hotels in Reunion
  Reunion Flag
  More Reunion Flags
  Reunion Geography



Travel & Tourism . Tourist Guide to the Country

Reunion Economy




Reunion    Economy Top of Page
Economy - overview: The economy 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 labor force. The gap in Reunion between the well-off and the poor is extraordinary and accounts for the persistent social tensions. The white and Indian communities are substantially better off than other segments of the population, often approaching European standards, whereas minority groups suffer the poverty and unemployment typical of the poorer nations of the African continent. The outbreak of severe rioting in February 1991 illustrates the seriousness of socioeconomic tensions. The economic well-being of Reunion depends heavily on continued financial assistance from France.
GDP: purchasing power parity - $3.4 billion (1998 est.)
GDP - real growth rate: 3.8% (1998 est.)
GDP - per capita: purchasing power parity - $4,800 (1998 est.)
GDP - composition by sector: agriculture:  NA%

industry:  NA%

services:  NA%
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): NA%
Labor force: 261,000 (1995)
Labor force - by occupation: agriculture 8%, industry 19%, services 73% (1990)
Unemployment rate: 42.8% (1998)
Budget: revenues:  NA

expenditures:  NA
Industries: sugar, rum, cigarettes, handicraft items, flower oil extraction
Industrial production growth rate: NA%
Electricity - production: 1.1 billion kWh (1999)
Electricity - production by source: fossil fuel:  54.55%

hydro:  45.45%

nuclear:  0%

other:  0% (1999)
Electricity - consumption: 1.023 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: sugarcane, vanilla, tobacco, tropical fruits, vegetables, corn
Exports: $214 million (f.o.b., 1997)
Exports - commodities: sugar 63%, rum and molasses 4%, perfume essences 2%, lobster 3%, (1993)
Exports - partners: France 74%, Japan 6%, Comoros 4% (1994)
Imports: $2.5 billion (c.i.f., 1997)
Imports - commodities: manufactured goods, food, beverages, tobacco, machinery and transportation equipment, raw materials, and petroleum products
Imports - partners: France 64%, Bahrain 3%, Germany 3%, Italy 3% (1994)
Debt - external: $NA
Economic aid - recipient: $NA; note - substantial annual subsidies from France
Currency: French franc (FRF); euro (EUR)
Currency code: FRF; EUR
Exchange rates: euros per US dollar - 1.06594 (January 2001), 1.08540 (2000), 0.9386 (1999); French francs per US dollar - 5.8995 (1998), 5.8367 (1997), 5.1155 (1996)
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks

DESTINATIONS

Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions

PHOTO SPECIAL

Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders

UTILITIES

World Time ISD Codes Travel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy