e 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 - purchasing power parity - $66 million (1993
est.)

National product real growth rate: NA%

National product per capita: $10,000 (1993 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: $30 million (f.o.b., 1991 est.)
commodities: fish and fish products, fox and mink pelts
partners: US 58%, France 17%, UK 11%, Canada, Portugal (1990)

Imports: $82 million (c.i.f., 1991 est.)
commodities: meat, clothing, fuel, electrical equipment, machinery,
building materials
partners: Canada, France, US, Netherlands, UK

External debt: $NA

Industrial production: growth rate NA%

Electricity:
capacity: 10,000 kW
production: 50 million kWh
consumption per capita: 6,013 kWh (1993)

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:
recipient: 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 - 5.2943 (January 1995),
5.520 (1994), 5.6632 (1993), 5.2938 (1992), 5.6421 (1991), 5.4453
(1990)

Fiscal year: calendar year

@Saint Pierre And Miquelon:Transportation

Railroads: 0 km

Highways:
total: 120 km
paved: 60 km
unpaved: earth 60 km (1985)

Ports: Saint Pierre

Merchant marine: none

Airports:
total: 2
with paved runways 914 to 1,523 m: 2

@Saint Pierre And Miquelon:Communications

Telephone system: 3,601 telephones
local: NA
intercity: NA
international: radio communication with most countries in the world; 1
satellite link in French domestic satellite system

Radio:
broadcast stations: AM 1, FM 3, shortwave 0
radi