Editing Economy of Réunion

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{{Expand French|Économie de La Réunion|date=January 2017}}
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{{when?|date=December 2021}} pushing the development of a [[tourism|tourist industry]] to relieve high [[unemployment]], which amounts{{when?|date=December 2021}} to more than 40% of the labour force.

The gap in [[Réunion]] between the well-off and the poor is large and accounts for persistent social tensions.<ref name="BBC News 2011 v867">{{cite web | title=Reunion profile | website=BBC News | date=July 11, 2011 | url=https://www.bbc.com/news/world-africa-14114856 | access-date=April 16, 2024}}</ref> The outbreak of severe rioting in February 1991 illustrated the seriousness of socio-economic tensions.<ref name="The Observers - France 24 2012 d381">{{cite news| title=Three nights of riots in Reunion Island: Why "the Cauldron" is boiling over | website=The Observers - France 24 | date=February 24, 2012 | url=https://observers.france24.com/en/20120224-three-nights-riots-reunion-island-cauldron-boiling-over-saint-denis-high-cost-of-living-gas-prices-protest | access-date=April 16, 2024}}</ref>

In 2007 the [[GDP per capita]] of Réunion at nominal exchange rates, not at [[Purchasing power parity|PPP]], was €17,146 (US$23,501).<ref name="GDP">{{cite web |author=INSEE Réunion |author-link=INSEE |title=8.1 - ÉCONOMIE GÉNÉRALES |url=http://www.insee.fr/fr/insee_regions/reunion/themes/dossiers/ter/ter2008_resultats_economiques.pdf |archive-url=https://web.archive.org/web/20081217225700/http://www.insee.fr/fr/insee_regions/reunion/themes/dossiers/ter/ter2008_resultats_economiques.pdf |archive-date=Dec 17, 2008 |access-date=2008-12-10 |language=French}}</ref> 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.Reunion Island is one of the French departments with the highest poverty rate with 42% of the population living below the poverty line. <ref>{{cite web|url=http://www.insee.fr/fr/ppp/bases-de-donnees/donnees-detaillees/cnat-region/pib_reg.xls|title=Produits Intérieurs Bruts Régionaux en euros par habitant|author=Institut National de la Statistique et des Études Économiques|format=XLS|access-date=2008-12-10|language=fr}}</ref> The total GDP of the island was US$18.8&nbsp;billion in 2007.<ref name=GDP />

== Other export products ==
* [[Essential oil]] (mainly [[Chrysopogon zizanioides|vetyver]] and [[Pelargonium graveolens|rose scent geranium]])
* [[vanilla#Cultivars|Bourbon vanilla]]
* Fish & seafood, mainly [[tuna]], [[swordfish]] and [[Patagonian toothfish]]

== Statistics ==
*Currency: 1 [[euro]] ([[Currency symbol|sign]]: [[Euro sign|€]]; [[ISO 4217|code]]: EUR) = 100 Cent
*Exchange rates: ''See:'' [[Euro#Exchange rates|Euro exchange rate]]
*Fiscal year: calendar year

== See also ==
{{Portal|France|Economy}}
* Economy of France in: [[Economy of French Guiana|French Guiana]], [[Economy of French Polynesia|French Polynesia]], [[Economy of Guadeloupe|Guadeloupe]], [[Economy of Martinique|Martinique]], [[Economy of Mayotte|Mayotte]], [[Economy of New Caledonia|New Caledonia]], Réunion, [[Economy of Saint Barthélemy|Saint Barthélemy]], [[Economy of Saint Martin (France)|Saint Martin]], [[Economy of Saint Pierre and Miquelon|Saint Pierre and Miquelon]], [[Economy of Wallis and Futuna|Wallis and Futuna]]
* [[Taxation in France]]
* [[Economic history of France]]
* [[Poverty in France]]

==References==
{{reflist}}

{{Réunion topics}}
{{Africa in topic|Economy of}}
{{EU Dependent economies|state=collapsed}}

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{{DEFAULTSORT:Economy Of Reunion}}
[[Category:Economy of Réunion| ]]


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