LATIN AMERICA CHILE
   
ECONOMY - CHILE

During the major part of the Nineties, Chile was the economic model of success par excellence in Latin America. Extremely of an average growth rate annual of more than 6%, it already raised, in 1997, a rate of instruction raised, a robust material infrastructure and a gross national product approaching the 4000 $ US per capita.
During 150 last years, Chile turned to the export of its mineral resources, initially the nitrates (used in the manufacture of manures), then copper, especially as from the Thirties. It for a long time remains the principal copper exporter in the world, and this metal indisputably constitutes a major pillar of its economy.
Although copper represents always, and by far, the principal export of Chile, the country recently succeeded in diversifying its exports, in particular in the chapter of the wine and fruit, forest product, fishery products, forgetting certain manufactured goods.
The with dimensions one of the mines copper does not hold an absolute monopoly since Chile is also an important gold and money, molybdenum, zinc, iron producer.
The agricultural sector constituted the backbone of the Chilienne economy a long time. The most important products of Chilean agriculture, in terms of volume, are sugar the beet, the corn, the grape, the tomato, it but, the potato and the soft apple, though other cereals, fruit and vegetables are also cultivated in great quantity.
Electricity comes mainly from hydraulic pressure supplies.
The factories produce in particular treated drinks and food, chemicals, steel, paper, textile products, products containing metals, of wood, clothing and cement.
In 1999, following 12 years of fast economic growth, Chile slipped into the recession. That was the result of a strong fall in the world price of the copper, which still counts for 40% of Chiliennes exports, as well as economic and financial difficulties which struck the commercial associates of Chile in the Far East and in Brazil.

 

 
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