The rise in unemployment has been countered by state financial aid for the retraining of businesses and individuals. The construction of the airport in 1999 helped sustain activity in the construction industry and public works. Fish farming, crab fishing and agriculture are being developed to diversify the local economy. The future of Saint Pierre and Miquelon rests on tourism, fisheries and aquaculture. Explorations are under way to exploit deposits of oil and gas. Tourism benefits from the proximity to similar tourist areas of Canada. Distribution, public service, care, minor wholesale, retail and crafts are notable in the business sector.
