The economy of this village is based on forestry and recreational tourist activities. A prime holiday destination, Saint-David-de-Falardeau is home to over 1,000 cottages, including nearly 500 located in the alpine village at Le Valinouët ski station. All enthusiasts of sledding, snowshoeing, dogsledding, and snowmobiling enjoy the impressive snow cover on Monts-Valin, a sector that offers many choices for quality accommodations (inns, bed and breakfasts, and cabins), places to eat, a Nordic bath, and many services (snowmobile rental, long-term parking, and food supplies). An elaborate snowshoeing circuit is laid out in the Valinouët sector. The Falardeau Centre d’observation de la Faune is a private zoo that allows close contact with young animals. A few kilometres from this centre, a hiking trail, accessible to the entire family, criss-crosses and continues along Rivière Shipshaw to the spectacular Chute-aux‑Galets site.