tation in US:
as a territorial collectivity of France, local interests are represented in
the US by France
US diplomatic representation:
none (territorial collectivity of France)
Flag:
the flag of France is used

*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 the number of ships stopping at
Saint Pierre has dropped steadily over the years. In March 1989, an
agreement between France and Canada set fish quotas for Saint Pierre's
trawlers fishing in Canadian and Canadian-claimed waters for three years.
The agreement settles a longstanding dispute that had virtually brought fish
exports to a halt. The islands are heavily subsidized by France. Imports
come primarily from Canada and France.
National product:
GDP - exchange rate conversion - $60 million (1991 est.)
National product real growth rate:
NA%
National product per capita:
$9,500 (1991 est.)
Inflation rate (consumer prices):
NA%
Unemployment rate:
9.6% (1990)
Budget:
revenues $18.3 million; expenditures $18.3 million, including capital
expenditures of $5.5 million (1989)
Exports:
$25.5 million (f.o.b., 1990)
commodities:
fish and fish products, fox and mink pelts
partners:
US 58%, France 17%, UK 11%, Canada, Portugal
Imports:
$87.2 million (c.i.f., 1990)
commodities:
meat, clothing, fuel, electrical equipment, machinery, building materials
partners:
Canada, France, US, Netherlands, UK
External debt:
$NA
Industrial production:
growth rate NA%
Electricity:
10,000 kW capacity; 25 million kWh produced, 3,840 kWh per capita (1992)
Industries:
fish processing and supply base for fishing fleets; tourism
Agriculture:
vegetables, cattle, sheep, pigs for local consumption; fish catch of 20,500
metric tons (1989)
Economic aid:
Western (non-US) countries, ODA and OOF bilateral commitments (1970-89),
$500 million
Currency:
1 French franc (F) = 100 centimes
Exchange rates:
French francs (F) per US$1 - 5.4812 (January 1993), 5.2938 (1992), 5.6421
(1991), 5.4453 (1990), 6.3801 (1989), 5.9569 (1988)
Fiscal year:
calendar year

*Saint Pierre and Miquelon, Communications

Highways:
120 km total; 60 km paved (1985)
Ports:
Saint Pierre
Airports:
total:
2
usable:
2
with p