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Chile Country Info


IntroductionGeographyPeopleGovernmentEconomy

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Introduction

Background: A three-year-old Marxist government was overthrown in 1973 by a dictatorial military regime led by Augusto PINOCHET, which ruled until a freely elected president was installed in 1990. Sound economic policies, first implemented by the PINOCHET dictatorship, led to unprecedented growth in 1991-97 and have helped secure the country's commitment to democratic and representative government. Growth slowed in 1998-99, but will likely recover in 2000.

Geography

Location: Southern South America, bordering the South Atlantic Ocean and South Pacific Ocean, between Argentina and Peru

Area: 756,950 sq km note: includes Easter Island (Isla de Pascua) and Isla Sala y Gomez

Land boundaries: 6,171 km border countries: Argentina, Bolivia , Peru

Climate: temperate; desert in north; Mediterranean in central region; cool and damp in south

Terrain: low coastal mountains; fertile central valley; rugged Andes in east

Elevation extremes: lowest point: Pacific Ocean 0 m highest point: Cerro Aconcagua 6,962 m

Natural resources: copper, timber, iron ore, nitrates, precious metals, molybdenum, hydropower

Geography - note: strategic location relative to sea lanes between Atlantic and Pacific Oceans (Strait of Magellan, Beagle Channel, Drake Passage); Atacama Desert is one of world's driest regions

People

Population: 15,153,797 (July 2000 est.) Population growth rate: 1.17% (2000 est.)

Life expectancy at birth: 75.74 years

Nationality: Chilean(s) Ethnic groups: white and white-Amerindian 95%, Amerindian 3%, other 2%

Religions: Roman Catholic 89%, Protestant 11%, Jewish NEGL

Languages: Spanish

Government

Country name: conventional long form: Republic of Chile conventional short form: Chile

Data code: CI

Government type: republic

Capital: Santiago

Independence: 18 September 1810 (from Spain)

National holiday: Independence Day, 18 September (1810)

Constitution: 11 September 1980, effective 11 March 1981; amended 30 July 1989 and in 1993

Legal system: based on Code of 1857 derived from Spanish law and subsequent codes influenced by French and Austrian law; judicial review of legislative acts in the Supreme Court; does not accept compulsory ICJ jurisdiction

Flag description: two equal horizontal bands of white (top) and red; there is a blue square the same height as the white band at the hoist-side end of the white band; the square bears a white five-pointed star in the center; design was based on the US flag

Economy

Economy - overview: Chile has a market-oriented economy characterized by a high level of foreign trade. Despite the effects of the recession, Chile maintained its reputation for strong financial institutions and sound policy that have given it the strongest sovereign bond rating in South America.

Population below poverty line: 22% (1998 est.)

Inflation rate (consumer prices): 3.4% (1999 est.) Labour force: 5.8 million (1999 est.)

Labour force - by occupation: agriculture 14%, industry 27%, services 59% (1997 est.)

Industries: copper, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles

Agriculture - products: wheat, corn, grapes, beans, sugar beets, potatoes, fruit; beef, poultry, wool; fish; timber Exports - commodities: copper, fish, fruits, paper and pulp, chemicals

Exports - partners: EU 27%, US 16%, Japan 14%, Brazil 6%, Argentina 5% (1998)

Imports - commodities: consumer goods, chemicals, motor vehicles, fuels, electrical machinery, heavy industrial machinery, food Imports - partners: US 24%, EU 23%, Argentina 11%, Brazil 6%, Japan 6%, Mexico 5% (1998)

Currency: 1 Chilean peso (Ch$) = 100 centavos

Exchange rates: Chilean pesos (Ch$) per US$1 - 520.45 (January 2000), 508.78 (1999), 460.29 (1998), 419.30 (1997), 412.27 (1996), 396.77 (1995)

 

 


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