World > Réunion > Economy

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Agriculture > products sugarcane, vanilla, tobacco, tropical fruits, vegetables, corn
Budget > Expenditures	$554,700,000.00		[6th of 165]
Budget > Revenues	$554,700,000.00		[4th of 166]
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.
Exchange rates euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000)
Exports	$248,500,000.00		[148th of 189]
Exports to US	$0.00		[223rd of 224]
Fiscal year	calendar year
GDP	$4,348,000,000.00		[134th of 203]
GDP (purchasing power parity)	$4,790,000,000.00		[160th of 187]
GDP > Composition by sector > Agriculture	8%		[17th of 146]
GDP > Composition by sector > Industry	19%		[22nd of 146]
GDP > Composition by sector > Services	73%		[10th of 146]
GDP > Real growth rate	2.5%		[151st of 198]
Imports	$3,306,000,000.00		[81st of 185]
Imports from US	$300,000.00		[203rd of 224]
Tourist arrivals by region of origin > Africa	24,800		[60th of 142]
Tourist arrivals by region of origin > Europe	344,100		[74th of 195]
Trade balance with US	$300,000.00		[94th of 224]
Trade with US > US exports of textile, sewing machines	0		[172nd of 183]

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