Chile Location : Southern South America, bordering the South Atlantic Ocean and South Pacific Ocean, between Argentina and Peru
Capital City : Santiago
Curreny : Chilean peso (CLP)
Languages Spoken : Spanish
Climate : temperate; desert in north; Mediterranean in central region; cool and damp in south
National Holiday : Independence Day, 18 September (1810)
Background Information
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.
Geographical 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
Economy
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 5.4% in 2000. Unemployment remains stubbornly high, however, putting pressure on President LAGOS to improve living standards. The Argentine financial meltdown has put pressure on the Chilean peso and is slowing the country's economic growth. Meanwhile, Chile and the US are conducting negotiations for a free trade agreement.
Religions
Roman Catholic 89%, Protestant 11%, Jewish NEGL%
Ports : Antofagasta, Arica, Chanaral, Coquimbo, Iquique, Puerto Montt, Punta Arenas, San Antonio, San Vicente, Talcahuano, Valparaiso
International Disputes - Risks to travellers
: Bolivia continues to demand a sovereign corridor to the South Pacific Ocean since the Atacama region was lost to Chile in 1884; territorial claim in Antarctica (Chilean Antarctic Territory) partially overlaps Argentine and British claims; dispute with Peru over the economic zone delimited by the maritime boundary
flight Nav: cheapest-flights-to.com
>
Chile
flights
|
|
|
