isputes 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 - $48.33 million - supplemented by annual
payments from France of about $60 million (2003 est.)

GDP - real growth rate:
NA

GDP - per capita:
purchasing power parity - $6,900 (2001 est.)

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

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
2.1% (1991-96 average)

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)

Budget:
revenues: $70 million
expenditures: $60 million, including capital expenditures of $24
million (1996 est.)

Agriculture - products:
vegetables; poultry, cattle, sheep, pigs; fish

Industries:
fish processing and supply base for fishing fleets; tourism

Industrial production growth rate:
NA

Electricity - production:
42.03 million kWh (2001)

Electricity - consumption:
39.08 million kWh (2001)

Electricity - exports:
0 kWh (2001)

Electricity - imports:
0 kWh (2001)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
600 bbl/day (2001 est.)

Oil - exports:
NA (2001)

Oil - imports:
NA (2001)

Exports:
$10 million f.o.b. (2002)

Exports - commodities:
fish and fish products, soybeans, animal feed, mollusks and
crustaceans, fox and mink pelts

Exports - partners:
US 42.9%, Ecuador 28.6%, Canada 14.3%, France 14.3% (2003)

Imports:
$106 million f.o.b. (2002)

Imports - commodities:
meat, clothing, fuel, electrical equipment, machinery, building
materials

Imports - partners:
France 51%, Canada 31.4%, Italy 11.8% (2003)

Debt - external:
NA (2003 est.)

Economic aid -