Chile
After a decade of impressive growth rates, Chile began to experience a moderate economic downturn in 1999, brought on by unfavorable global economic conditions related to the Asian financial crisis, which began in 1997. The economy remained sluggish until 2003, when it began to show clear signs of recovery, achieving 4.0% real GDP growth. The Chilean economy finished 2004 with growth of 6.0%. Real GDP growth reached 5.7% in 2005 before falling back to 4.0% growth in 2006. GDP expanded 5.1% in 2007.
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Demographic Data |
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Economic Data |
|
Cultural & Other Data |
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|
GDP (PPP, $bn) |
245.3 |
Capital |
Santiago |
|
|
Area (sq. km.) |
756,950 |
GDP Real Growth (%) |
4 |
Other Large Cities |
Concepcion, Talcahuano, Vina del Mar, Valparaiso |
|
Population (million) |
16.6 |
PerCap GDP ($) |
14,900 |
Primary Language |
Spanish |
|
Population Growth % |
0.881 |
Prime Lending Rate (%) |
8.67 |
Urban Population % |
88 |
|
% Population Under 15yrs |
23.2 |
Inflation Rate% |
8.8 |
Urban Growth % |
1.3 |
|
Population below poverty line (%) |
18.2 |
Unemployment% |
7.5 |
Literacy (% of population) |
95.7 |
|
Agricultural Workers (% of population) |
13 |
Foreign Direct Investment($bn) |
108.9 |
Education spending as % of GDP |
3.2 |
|
Industrial Workers (% of population) |
23 |
Debt-External ($bn) |
64.57 |
CPI Score (1-10)* |
6.9 |
|
Service Workers (% of population) |
64 |
Exports ($bn) |
69.1 |
Corporate Income Tax % |
17 |
|
Labor Force (mil) |
7.32 |
Imports ($bn) |
59.17 |
Ease of Doing Business Ranking ** |
40 |
CURRENCY EXCHANGE RATE
05/18/09 $1 = 560.34 CLP
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