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President Francois MITTERRAND (since 21 May 1981) head of government: Commissioner of the Republic Yves HENRY (since NA December 1993); President of the General Council Marc PLANTE-GENEST (since NA) cabinet: Council of Ministers Legislative branch: unicameral General Council: elections last held September-October 1988 (next to be held NA September 1994); results - percent of vote by party NA; seats - (19 total) Socialist and other left-wing parties 13, UDF and right-wing parties 6 French Senate: elections last held NA September 1986 (next to be held NA September 1995); results - percent of vote by party NA; seats - (1 total) PS 1 French National Assembly: elections last held 21 and 28 March 1993 (next to be held NA June 1998); results - percent of vote by party NA; seats - (1 total) UDF 1; note - Saint Pierre and Miquelon elects 1 member each to the French Senate and the French National Assembly who are voting members Judicial branch: Superior Tribunal of Appeals (Tribunal Superieur d'Appel) Political parties and leaders: Socialist Party (PS), Albert PEN; Union for French Democracy (UDF/CDS), Gerard GRIGNON Member of: FZ, WFTU Diplomatic representation in US: none (territorial collectivity of 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 - $65 million (1992 est.) National product real growth rate: NA% National product per capita: $10,000 (1992 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 est.) Exports
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