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. France heavily subsidizes the islands to the great betterment of living standards. The government hopes an expansion of tourism will boost economic prospects. Fish farming, crab fishing, and agriculture are being developed to diversify the local economy. Recent test drilling for oil may pave the way for development of the energy sector.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Inflation rate (consumer prices): Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: 1) The information regarding Saint Pierre and Miquelon on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Pierre and Miquelon Economy 2012 information contained here. All suggestions for corrections of any errors about Saint Pierre and Miquelon Economy 2012 should be addressed to the CIA.
$48.3 million (2003 est.)
country comparison to the world: 221
note: supplemented by annual payments from France of about $60 million
[see also: GDP country ranks ]
$NA
[see also: GDP (official exchange rate) country ranks ]
NA%
[see also: GDP - real growth rate country ranks ]
$7,000 (2001 est.)
country comparison to the world: 132
[see also: GDP - per capita country ranks ]
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: NA%
[see also: GDP - composition by sector - industry country ranks ]
services: NA%
[see also: GDP - composition by sector - services country ranks ]
3,450 (2005)
country comparison to the world: 221
[see also: Labor force country ranks ]
agriculture: 18%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 41%
[see also: Labor force - by occupation - industry country ranks ]
services: 41% (1996 est.)
[see also: Labor force - by occupation - services country ranks ]
10.3% (1999)
country comparison to the world: 113
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $70 million
[see also: Budget revenues country ranks ]
expenditures: $60 million (1996 est.)
[see also: Budget expenditures country ranks ]
8.1% (2005)
country comparison to the world: 171
[see also: Inflation rate (consumer prices) country ranks ]
vegetables; poultry, cattle, sheep, pigs; fish
fish processing and supply base for fishing fleets; tourism
NA%
[see also: Industrial production growth rate country ranks ]
53 million kWh (2008 est.)
country comparison to the world: 200
[see also: Electricity - production country ranks ]
49.29 million kWh (2008 est.)
country comparison to the world: 201
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 128
[see also: Oil - production country ranks ]
1,000 bbl/day (2010 est.)
country comparison to the world: 205
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 205
[see also: Oil - exports country ranks ]
584 bbl/day (2009 est.)
country comparison to the world: 198
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 118
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 123
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 171
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 121
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 184
[see also: Natural gas - proved reserves country ranks ]
$5.5 million (2005 est.)
country comparison to the world: 215
[see also: Exports country ranks ]
fish and fish products, soybeans, animal feed, mollusks and crustaceans, fox and mink pelts
$68.2 million (2005 est.)
country comparison to the world: 214
[see also: Imports country ranks ]
meat, clothing, fuel, electrical equipment, machinery, building materials
$NA
[see also: Debt - external country ranks ]
euros (EUR) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12