Saint Pierre and Miquelon Economy - 2023

GEOGRAPHICAL NAMES 

Economic overview

high-income, French North American territorial economy; primarily fishing exports; substantial French Government support; highly seasonal labor force; euro user; increasing tourism and aquaculture investments

Real GDP (purchasing power parity)

$261.3 million (2015 est.)

$215.3 million (2006 est.)

note: supplemented by annual payments from France of about $60 million

Real GDP growth rate

N/A

Real GDP per capita

$46,200 (2006 est.)

$34,900 (2005)

GDP (official exchange rate)

$261.3 million (2015 est.)

Inflation rate (consumer prices)

1.5% (2015)

4.5% (2010)

GDP - composition, by sector of origin

agriculture: 2% (2006 est.)

industry: 15% (2006 est.)

services: 83% (2006 est.)

Agricultural products

vegetables; poultry, cattle, sheep, pigs; fish

Industries

fish processing and supply base for fishing fleets; tourism

Industrial production growth rate

N/A

Labor force

4,429 (2015)

Labor force - by occupation

agriculture: 18%

industry: 41%

services: 41% (1996 est.)

Unemployment rate

8.7% (2015 est.)

9.9% (2008 est.)

Population below poverty line

N/A

Household income or consumption by percentage share

lowest 10%: NA

highest 10%: NA

Budget

revenues: $70 million (1996 est.)

expenditures: $60 million (1996 est.)

Budget surplus (+) or deficit (-)

3.8% (of GDP) (1996 est.)

Taxes and other revenues

26.8% (of GDP) (1996 est.)

Fiscal year

calendar year

Exports

$6.641 million (2010 est.)

$5.5 million (2005 est.)

Exports - partners

Canada 79%, France 8%, Belgium 6% (2019)

Exports - commodities

crustaceans, fish, medical instruments, electrical parts, pasta (2019)

Imports

$95.35 million (2010 est.)

$68.2 million (2005 est.)

Imports - partners

France 69%, Canada 22% (2019)

Imports - commodities

food preparation, packaged medicines, low-voltage protection equipment, cars, computers, iron structures (2019)

Debt - external

N/A

Exchange rates

euros (EUR) per US dollar -

0.885 (2017 est.)

0.903 (2016 est.)

0.9214 (2015 est.)

0.885 (2014 est.)

0.7634 (2013 est.)

NOTE: The information regarding Saint Pierre and Miquelon on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Saint Pierre and Miquelon 2023 information contained here. All suggestions for corrections of any errors about Saint Pierre and Miquelon 2023 should be addressed to the CIA or the source cited on each page.