Saint-Pierre was a site for settlement by the French in the early 17th century, later abandoned under the Treaty of Utrecht, and returned to France in 1763 at the end of the Seven Years War. As well, the islands became a place of refuge for Acadian deportees from Nova Scotia. Saint-Pierre figures frequently in North American British-French relations. As well, it profited heavily from US Prohibition, which did not affect this area, part of France. It was depopulated and repopulated frequently, and now remains the last vestige of Imperial France within North America.
Like its northern neighbour, Newfoundland, it is a key fishing centre close to the Grand Banks, some of the world's richest fishing grounds. However, as in Newfoundland, the decline in cod stocks has seriously affected the fishery. As a result, tourism is becoming increasingly important to the economy. As a travel destination, St-Pierre et Miquelon is ideal for those interested in historical and cultural discovery, eco-tourism and the French language. Beyond its history, Saint-Pierre et Miquelon is a wonderful destination because of its mild refreshing climate, its beautiful landscapes, the quality of the air and the warmth of its inhabitants.
As a part of France, the area has much in common with Europe, but also with its Canadian and American neighbours.