27, May 2012, CEST. Welcome to the Saint Pierre and Miquelon economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Saint Pierre and Miquelon (St. Pierre & Miquelon) › Change country
National or Regional Currency: Euro, EUR
Year of data: 2010 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2016
Date of Last Update: 1st August 2011
Population: 5,888 (July 2011 est.)
Area: total: 242 sq km land: 242 sq km water: 0 sq km note: includes eight small islands in the Saint Pierre and the Miquelon groups
Natural Resources: fish, deepwater ports
Capital: name: Saint-Pierre geographic coordinates: 46 46 N, 56 11 W time difference: UTC-3 (2 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins second Sunday in March; ends first Sunday in November
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International

The inhabitants of Saint Pierre and Miquelon have traditionally earned their livelihood by fishing and by servicing fishing fleets operating off the coast of Newfoundland. France heavily subsidizes the islands to the great betterment of living standards. The government hopes an expansion of tourism and transportation will boost economic prospects. Fish farming, crab fishing, and agriculture, fisheries and farming are being developed to diversify the local economy. Test drilling for oil and gas may pave the way for development of the energy sector.