| People | Reunion |
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Economy - overview:
|
The economy has traditionally been based on agriculture, but services now dominate. 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 one-third 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 illustrated the seriousness of socioeconomic tensions. The economic well-being of Reunion depends heavily on continued financial assistance from France. |
GDP (purchasing power parity):
|
$4.79 billion (2005 est.) |
GDP (official exchange rate):
|
NA |
GDP - real growth rate:
|
2.5% (2005 est.) |
GDP - per capita (PPP):
|
$6,200 (2005 est.) |
GDP - composition by sector:
|
agriculture: 8%
industry: 19%
services: 73% (2000 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
NA% |
Labor force:
|
299,000 (2002) |
Labor force participation rate:
|
37.96 % of population |
Labor force - by occupation:
|
agriculture: 13%
industry: 12%
services: 75% (2000) |
Unemployment rate:
|
31% (2002) |
Budget:
|
revenues: $554.7 million
expenditures: $554.7 million; including capital expenditures of $NA (1998) |
Budget revenues per capita:
|
705 USD per capita |
Public debt:
|
void |
Industries:
|
sugar, rum, cigarettes, handicraft items, flower oil extraction |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
1.19 billion kWh (2003) |
Electricity - production per capita:
|
1,511 kWh per capita |
Electricity - consumption:
|
1.107 billion kWh (2003) |
Electricity - consumption - per capita:
|
1,406 kWh per capita |
Electricity - exports:
|
0 kWh (2003) |
Electricity - imports:
|
0 kWh (2003) |
Oil - production:
|
0 bbl/day (2003 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
18,500 bbl/day (2003 est.) |
Oil - consumption - per capita:
|
8.57 bbl/year per capita |
Oil - exports:
|
NA bbl/day |
Oil - imports:
|
NA bbl/day |
Oil - proved reserves:
|
void |
Natural gas - production:
|
0 cu m (2003 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2003 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
void |
Natural gas - imports:
|
void |
Natural gas - proved reserves:
|
void |
Agriculture - products:
|
sugarcane, vanilla, tobacco, tropical fruits, vegetables, corn |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$248.5 million f.o.b. (2002) |
Exports per capita:
|
316 USD per capita |
Exports - commodities:
|
sugar 63%, rum and molasses 4%, perfume essences 2%, lobster 3% |
Exports - partners:
|
France 74%, Japan 6%, Comoros 4% (2004) |
Imports:
|
$3.306 billion c.i.f. (2002) |
Imports per capita:
|
4,198 USD per capita |
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% (2004) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$NA; note - substantial annual subsidies from France (2001 est.) |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
euro (EUR) |
Exchange rates:
|
euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001) |
Fiscal year:
|
calendar year |
|
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