chief of mission:Ambassador John BIEHL del Rio
chancery:
1732 Massachusetts Avenue NW, Washington, DC 20036
telephone:
(202) 785–1746
FAX:
(202) 887–5579
consulate(s) general:
Houston, Los Angeles, Miami, New York, Philadelphia, San Francisco,
and San Juan (Puerto Rico)
US diplomatic representation:
chief of mission:
Ambassador Curtis W. KAMMAN
embassy:
Codina Building, 1343 Agustinas, Santiago
mailing address:
Unit 4127, Santiago; APO AA 34033
telephone:
[56] (2) 671–0133
FAX:
[56] (2) 699–1141
Flag:
two equal horizontal bands of white (top) and red; there is a blue
square the same height as the white band at the hoist-side end of the
white band; the square bears a white five-pointed star in the center;
design was based on the US flag
@Chile, Economy
Overview:
Chile has a prosperous, essentially free market economy, with the
degree of government intervention varying according to the philosophy
of the different regimes. Under the center-left government of
President AYLWIN, which took power in March 1990, spending on social
welfare has risen steadily. At the same time business investment,
exports and consumer spending have also grown substantially. The new
president, FREI, who takes office in March 1994, is expected to
emphasize social spending even more. Growth in 1991–93 has averaged 8%
annually, with an estimated one million Chileans having moved out of
poverty in the last four years. Copper remains vital to the health of
the economy; Chile is the world's largest producer and exporter of
copper.
National product:
GDP - purchasing power equivalent - $96 billion (1993 est.)
National product real growth rate:
5.8% (1993 est.)
National product per capita:
$7,000 (1993 est.)
Inflation rate (consumer prices):
12.3% (1993 est.)
Unemployment rate:
5.1% (1993 est.)
Budget:
revenues:
$10.9 billion
expenditures:
$10.9 billion, including capital expenditures of $1.2 billion (1993)
Exports:
$10 billion (f.o.b., 1992)
commodities:
copper 41%, other metals and minerals 8.7%, wood products 7.1%, fish
and fishmeal 9.8%, fruits 8.4% (1991)
partners:
EC 29%, Japan 17%, US 16%, Argentina 5%, Brazil 5% (1992)
Imports:
$9.2 billion (f.o.b., 1992)
commodities:
capital goods 25.2%, spare parts 24.8%, raw materials 15.4%, petroleum
10%, foodstuffs 5.7%
partners:
EC 24%, US 21%, Brazil 10%, Japan 10% (1992)
External debt:
$19.7 billion (1993 est.)
Industrial production:
growth rate 9.3% (1992 est.); accounts for 34% of GDP
Electricity:
capacity:
5,769,000 kW
production:
22.01 billion kWh
consumption per capita:
1,630 kWh (1992)
Industries:
copper, other minerals, foodstuffs, fish processing, iron and steel,
wood and wood products, transport equipment, cement, textiles
Agriculture:
accounts for about 7% of GDP (including fishing and forestry); major
exporter of fruit, fish, and timber products; major crops - wheat,
corn, grapes, beans, sugar beets, potatoes, deciduous fruit; livestock
products - beef, poultry, wool; self-sufficient in most foods; 1991
fish catch of 6.6 million metric tons; net agricultural importer
Illicit drugs:
a minor transshipment country for cocaine destined for the US and
Europe
Economic aid:
recipient:
US commitments, including Ex-Im (FY70–89), $521 million; Western
(non-US) countries, ODA and OOF bilateral commitments (1970–89), $1.6
billion; Communist countries (1970–89), $386 million
Currency:
