Reunion island's economy

Tourism and hotel industry are the pillar industries of economy.

Sugarcane cultivation occupies two-thirds of arable land and most of the labor force, and also produces corn, herbs, onions, tobacco leaves, cardamom, spices and so on. Fishing can be done along the coast. Sugar production is the main industry, followed by vanilla processing and food. Sugar, molasses, sugar liquor account for more than 80% of the total export value, and the rest are flavors. Food, vegetables, meat and milk are not self-sufficient. Imports are mainly food, machinery, vehicles and petroleum products. Agriculture is mainly sugarcane cultivation and sucrose production, as well as the cultivation of spices such as vanilla and geranium. Low degree of industrialization. Economic development mainly depends on French aid.

1989- 1993, the European union provided a loan of 450 million ecus (29 billion francs) to stay in Europe to meet the requirements of the European single market. In order to speed up the integration with the EU, the EU provided a loan of 680 million ecus (47.5 billion francs) to stay in China.

From 2000 to 2006, China will receive loans totaling 654.38+06 billion francs from the European Union and France. The main problem is the high unemployment rate, which is three times that of France. 1995' s GDP per capita is only 40% of that of France.

During the period of 1995, Liu formulated a new strategy and a five-year plan to develop tourism, invested 500 million francs in five years to alleviate the high unemployment rate, and successively built an airport and a 27 10 km expressway, which made the tourism industry develop greatly.

Since 1996, the inflation rate has obviously dropped to 1998, which is basically close to the level of France. 1 99965438+1October1Euro was officially launched, but it did not affect the domestic economy. At the beginning of this year, the government of saint-denis implemented a "community transportation" plan with an investment of 350 million US dollars, and built the first pedestrian street on the island in. Subsequently, prices began to climb, and the prices of rent, telephone, food, air transportation, gasoline, gas and tobacco rose sharply.

Gross domestic product (1998): US$ 3.4 billion.

Per capita GDP of the island (1998): USD 4,800.

GDP growth rate on the island (1998): 3.8%.

Inflation rate (1998): 1.2%.

Unemployment rate (1998): 41.1%.

Rich in mineral resources. There are minerals such as cobalt, copper and manganese in the sea area. Forest covers an area of 87,930 hectares, accounting for 35% of the island's area, cultivated land accounts for 17% of the island's area, crop planting area accounts for 3%, grassland and pasture account for 5%, and others account for 40%.

Air transport: * * There are two airports, among which Saint-Denis Giraud International Airport has weekly flights to France, Kenya and neighboring island countries. The number of air passengers stranded in France ranks 12, and the freight volume ranks fifth. 200 1 year, the number of inbound and outbound passengers 15 19802, of which 746495 arrived, 744788 left and 285 19 transferred passengers. Unloading 17984 tons, loading 8882 tons. More than half of the provincial budgets are allocated by the French government. In 200 1 year, the island's fiscal revenue was 634 million euros. Among them, the state allocated 335 million euros. Expenditure was 634 million euros, mainly including public expenditure and productive expenditure. In 20001year, the foreign trade import was 2.855 billion euros, and the export was 228.6 million euros, increasing by about 5% and 1% respectively compared with 2000. It mainly imports raw materials for food processing industry (435 million euros), materials for automobile industry (358 million euros), chemical and pharmaceutical products (3130,000 euros). The main exports are sugar, rum and lobster. France is the largest trading partner. In 20001year, the export targets were mainly the European Union (67% of which were exported to France), neighboring island countries and some Asian countries. Imports mainly come from EU countries (63% of which are from France), Saudi Arabia and South Africa.