Republic of Chile

1
Republic of Chile Republica de Chile
Capital Santiago
By Catie Whelan
2
The Basics

• Government Republic democracy
• President Michelle BACHELET Jeria
• Climate temperate desert in the north
  Mediterranean in the central region and cool and
  damp in the south
• Natural Resources copper, timber, iron ore,
  nitrates, precious metals, molybdenum, hydropower
  
• Currency Chilean Peso
• Exports copper, fruit, fish products, paper and
  pulp, chemicals, wine
• Export Partners US, Japan, China, Netherlands,
  South Korea, Brazil, Italy, Mexico
• Imports petroleum, petroleum products,
  chemicals, electrical and telecommunications
  equipment, industrial machinery, vehicles and
  natural gas.
• Import Partners Argentina, US, Brazil, China,
  South Korea, Yemen

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People

• Land Area 756,950 sq km (includes the Easter
  Islands)
• Population 16,284,741
• Population Density 21 /km² or 54 /sq mi
• Population Growth Rate 0.916
• Net Migration Rate 0 migrant(s)/1,000
  population
• Life Expectancy 76.96 years (total) 73.69
  (males) 80.4 (women)
• Main Ethnic Groups white and white-Amerindian
  95, Amerindian 3, other 2
• Major Religion Roman Catholic 89, Protestant
  11, Jewish 0.1

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Economy

• GDP (official exchange rate) 111.8 billion
• GDP (per capita) 12,700
• GDP Growth Rate 4.2
• GDP (by sector) agriculture 5.9 industry
  49.3 services 44.7
• Inflation Rate 2.6
• Unemployment Rate 7.8
• Government Budget revenues 36.71 billion
  expenditures 26.68 billion including capital
  expenditures of 3.33 billion
• Debt 3.9 of GDP
• Current Account Balance 5.063 billion

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Fiscal and Monetary Policy

• Used tight monetary policy in 1998 and 1999 to
  reign in current account deficit
• Have high amounts of government spending
• New tax reforms to promote R D
• Rapid appreciation of Chilean Peso
• Large amounts of FDI goes into energy sectors
• Savings is 22.3
• Stable Economy

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Trade Zones

• Chile has a very open view towards free trade
  zones
• Has 57 trade agreements
• United States, China, India, South Korea, EU and
  Mexico
• Working on trade agreements with Asia

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Social Policies

• Privatized pensions
• Government sponsored Internet centers
• 2 Welfare systems
• Adult Education Programs
• Work Training Programs
• Low crime rate

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External Relations

• Disputes with Bolivia, Peru and in Antarctica
• Best relations with United States in history
• On good terms with most countries

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References  Background note Chile. (2007).
Retrieved 5/11, 2007, from http//www.state.gov/r/
pa/ei/bgn/1981.htm Central bank of Chile.
(2007). Retrieved 5/12, 2007, from
http//www.bcentral.cl/eng/ Chilean government.
(2007). Retrieved 5/11, 2007, from
http//www.chileangovernment.gov.cl/index.php?opti
oncom_frontpageItemid1 CIA world factbook
Chile. (2007). Retrieved 5/11, 2007, from
https//www.cia.gov/cia/publications/factbook/geos
/ci.html World of wonders project the Andes
expedition. Retrieved 5/11, 2007, from
http//www.questconnect.org/images/chile_m.gif