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    Reunion Economy - 1989

      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 is pushing the development of a tourist industry to relieve a high unemployment rate that was over 30% in 1986. The economic well-being of Reunion depends heavily on continued financial assistance from France.

      GDP: $2.4 billion, per capita $4,290; real growth rate NA% (1985)

      Inflation rate (consumer prices): 1.9% (1986)

      Unemployment rate: 32.0%; high seasonal unemployment (1986)

      Budget: revenues $358 million; expenditures $914 million, including capital expenditures of $NA (1986)

      Exports: $136 million (f.o.b., 1986); @m5commodities--sugar 75%, rum and molasses 4%, perfume essences 4%, vanilla and tea 1%; @m5partners--France, Mauritius, Bahrain, S. Africa, Italy

      Imports: $1.1 million (c.i.f., 1986); @m5commodities--manufactured goods, food, beverages, tobacco, machinery and transportation equipment, raw materials, and petroleum products; @m5partners--France, Mauritius, Bahrain, South Africa, Italy

      External debt: NA

      Industrial production: growth rate NA

      Electricity: 245,000 kW capacity; 546 million kWh produced, 980 kWh per capita (1988)

      Industries: sugar, rum, cigarettes, several small shops producing handicraft items

      Agriculture: cash crops--almost entirely sugarcane, small amounts of vanilla and perfume plants; food crops--tropical fruit and vegetables, manioc, bananas, corn, market garden produce, some tea, tobacco, and coffee; food crop inadequate, most food needs imported

      Aid: Western (non-US) countries, ODA and OOF bilateral commitments (1970-81), $4.0 billion

      Currency: French franc (plural--francs); 1 French franc (F) = 100 centimes

      Exchange rates: French francs (F) per US$1--6.2503 (January 1989), 5.9569 (1988), 6.0107 (1987), 6.9261 (1986), 8.9852 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding Reunion on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Reunion Economy 1989 information contained here. All suggestions for corrections of any errors about Reunion Economy 1989 should be addressed to the CIA.

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