Country name conventional long form: Republic of Chile conventional short form: Chile local long form: Republica de Chile local short form: Chile Background A three-year-old Marxist government was overthrown in 1973 by a dictatorial military regime led by Augusto PINOCHET, who 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.Location Southern South America, bordering the South Pacific Ocean, between Argentina and Peru Area total: 756,950 sq km land: 748,800 sq km note: includes Easter Island (Isla de Pascua) and Isla Sala y Gomez water: 8,150 sq km Area - comparative slightly smaller than twice the size of Montana Coastline 6,435 km 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: Nevado Ojos del Salado 6,880 m Natural hazards severe earthquakes; active volcanism; tsunamis Environment - current issues widespread deforestation and mining threaten natural resources; air pollution from industrial and vehicle emissions; water pollution from raw sewage 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 Population 15,665,216 (July 2003 est.) Age structure 0-14 years: 26.4% (male 2,112,251; female 2,018,099) 15-64 years: 66% (male 5,151,551; female 5,180,607) 65 years and over: 7.7% (male 499,441; female 703,267) (2003 est.) Median age total: 29.5 years male: 28.6 years female: 30.4 years (2002) Sex ratio at birth: 1.05 male(s)/female under 15 years: 1.05 male(s)/female 15-64 years: 0.99 male(s)/female 65 years and over: 0.71 male(s)/female total population: 0.98 male(s)/female (2003 est.) Nationality noun: Chilean(s) adjective: Chilean Ethnic groups white and white-Amerindian 95%, Amerindian 3%, other 2% Religions Roman Catholic 89%, Protestant 11%, Jewish NEGL% Languages Spanish Internet country code .cl Literacy definition: age 15 and over can read and write total population: 96.2% male: 96.4% female: 96.1% (2003 est.) Government type republic National holiday Independence Day, 18 September (1810) 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; has not accepted compulsory ICJ jurisdiction note: Chile is in the process of completely overhauling its criminal justice system; a new, US-style adversarial system is being gradually implemented throughout the country International organization participation APEC, ECLAC, FAO, G-15, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt (signatory), ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA, Mercosur (associate), NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNMIBH, UNMIK, UNMOGIP, UNTSO, UNU, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTrO Economy - overview Chile has a market-oriented economy characterized by a high level of foreign trade. During the early 1990s, Chile"s reputation as a role model for economic reform was strengthened when the democratic government of Patricio AYLWIN - which took over from the military in 1990 - deepened the economic reform initiated by the military government. Growth in real GDP averaged 8% during 1991-97, but fell to half that level in 1998 because of tight monetary policies implemented to keep the current account deficit in check and because of lower export earnings - the latter a product of the global financial crisis. A severe drought exacerbated the recession in 1999, reducing crop yields and causing hydroelectric shortfalls and electricity rationing, and Chile experienced negative economic growth for the first time in more than 15 years. 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. By the end of 1999, exports and economic activity had begun to recover, and growth rebounded to 4.4% in 2000. Growth fell back to 2.8% in 2001 and 1.8% in 2002, largely due to lackluster global growth and the devaluation of the Argentine peso. Unemployment remains stubbornly high, putting pressure on President LAGOS to improve living standards. One bright spot was the signing of a free trade agreement with the US, which will take effect on 1 January 2004. Exports - partners US 19.1%, Japan 10.5%, China 6.7%, Mexico 5%, Italy 4.7%, UK 4.4% (2002) Currency Chilean peso (CLP) Currency code CLP Exchange rates Chilean pesos per US dollar - 688.95 (2002), 634.94 (2001), 535.47 (2000), 508.78 (1999), 460.29 (1998) Airports 363 (2002) Airports - with paved runways total: 71 over 3,047 m: 6 2,438 to 3,047 m: 6 1,524 to 2,437 m: 21 914 to 1,523 m: 23 under 914 m: 15 (2002) Airports - with unpaved runways total: 292 over 3,047 m: 1 2,438 to 3,047 m: 4 1,524 to 2,437 m: 11 914 to 1,523 m: 60 under 914 m: 216 (2002) Disputes - international Bolivia continues to press Chile and Peru to restore the Atacama corridor ceded to Chile in 1884; dispute with Peru over the economic zone delimited by the maritime boundary; Chile demands water rights to Bolivia"s Rio Lauca and Silala Spring; Beagle Channel islands dispute resolved through Papal mediation in 1984, but armed incidents persist since 1992 oil discovery; territorial claim in Antarctica (Chilean Antarctic Territory) partially overlaps Argentine and British claims |