r PS
[leader NA]; Union pour la Democratie Francaise or UDF [leader NA]

Political pressure groups and leaders:
NA

International organization participation:
UPU, WFTU

Diplomatic representation in the US:
none (territorial collectivity of France)

Diplomatic representation from the US:
none (territorial collectivity of France)

Flag description:
a yellow sailing ship facing the hoist side rides on a dark blue
background with yellow wavy lines under the ship; on the hoist side,
a vertical band is divided into three parts: the top part (called
ikkurina) is red with a green diagonal cross extending to the
corners overlaid by a white cross dividing the rectangle into four
sections; the middle part has a white background with an ermine
pattern; the third part has a red background with two stylized
yellow lions outlined in black, one above the other; these three
heraldic arms represent settlement by colonists from the Basque
Country (top), Brittany, and Normandy; the flag of France is used
for official occasions

Economy Saint Pierre and Miquelon

Economy - overview:
The inhabitants have traditionally earned their livelihood by
fishing and by servicing fishing fleets operating off the coast of
Newfoundland. The economy has been declining, however, because of
disputes with Canada over fishing quotas and a steady decline in the
number of ships stopping at Saint Pierre. In 1992, an arbitration
panel awarded the islands an exclusive economic zone of 12,348 sq km
to settle a longstanding territorial dispute with Canada, although
it represents only 25% of what France had sought. The islands are
heavily subsidized by France to the great betterment of living
standards. The government hopes an expansion of tourism will boost
economic prospects. Recent test drilling for oil may pave the way
for development of the energy sector.

GDP (purchasing power parity):
$48.3 million - supplemented by annual payments from France of
about $60 million (2003 est.)

GDP - real growth rate:
NA%

GDP - per capita:
purchasing power parity - $7,000 (2001 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Labor force:
3,261 (1999)

Labor force - by occupation:
fishing 18%, industry (mainly fish-processing) 41%, services 41%
(1996 est.)

Unemployment rate:
9.8% (1997)

Population below poverty line:
NA%

House