The 1996 CIA World Factbook. United States. Central Intelligence Agency

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branch: bicameral National Congress (Congreso Nacional) Senate (Senado): election last held 11 December 1993 (next to be held NA December 1997); results - percent of vote by party NA; seats - (46 total, 38 elected) Coalition of Parties for Democracy 21 (PDC 13, PS 4, PPD 3, PR 1), Union for the Progress of Chile 15 (RN 11, UDI 3, UCC 1), right-wing independents 10 Chamber of Deputies (Camara de Diputados): election last held 11 December 1993 (next to be held NA December 1997); results - Coalition of Parties for Democracy 53.95% (PDC 27.16%, PS 12.01%, PPD 11.82%, PR 2.96%), Union for the Progress of Chile 30.57% (RN 15.25%, UDI 12.13%, UCC 3.19%); seats - (120 total) Coalition of Parties for Democracy 70 (PDC 37, PPD 15, PR 2, PS 15, left-wing independent 1), Union for the Progress of Chile 47 (RN 30, UDI 15, UCC 2), right-wing independents 3

      Judicial branch: Supreme Court (Corte Suprema), judges are appointed by the president, the president of the Supreme Court is elected by the 17-member court

      Political parties and leaders: Coalition of Parties for Democracy

       (CPD) consists mainly of: Christian Democratic Party (PDC),

       Alejandro FOXLEY; Socialist Party (PS), Camilo ESCALONA; Party for

       Democracy (PPD), Jorge SCHAULSOHN, Radical Party (PR); Union for the

       Progress of Chile (UPP) consists mainly of three parties: National

       Renewal (RN), Andres ALLAMAND; Independent Democratic Union (UDI),

       Jovino NOVOA; Center Center Union (UCCP), Francisco Javier ERRAZURIZ

      Other political or pressure groups: revitalized university student

       federations at all major universities; labor - United Labor Central

       (CUT) includes trade unionists from the country's five largest labor

       confederations; Roman Catholic Church

      International organization participation: APEC, CCC, ECLAC, FAO,

       G-11, G-77, IADB, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC,

       IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO,

       ITU, LAES, LAIA, Mercosur (associate member), NAM, OAS, OPANAL, PCA,

       RG, UN, UNCTAD, UNESCO, UNIDO, UNMOGIP, UNTSO, UNU, UPU, WCL, WFTU,

       WHO, WIPO, WMO, WToO, WTrO

      Diplomatic representation in US: chief of mission: Ambassador John BIEHL del Rio chancery: 1732 Massachusetts Avenue NW, Washington, DC 20036 telephone: [1] (202) 785–1746 FAX: [1] (202) 887–5579 consulate(s) general: Chicago, Houston, Los Angeles, Miami, New York, Philadelphia, San Francisco, and San Juan (Puerto Rico)

      US diplomatic representation: chief of mission: Ambassador Gabriel GUERRA-MONDRAGON embassy: Avenida Andres Bello 2800, Santiago mailing address: use street address telephone: [56] (2) 232–2600 FAX: [56] (2) 330–3710

      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

      Economy———

      Economic 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 rose steadily. At the same time business investment, exports, and consumer spending also grew substantially. The new president, FREI, who took office in March 1994, has emphasized social spending even more. Growth in real GDP in 1991–95 has averaged more than 6.5% 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. Success in meeting the government's goal of sustained annual economic growth of 5% depends on world copper prices, the level of confidence of foreign investors and creditors, and the government's own ability to maintain a conservative fiscal stance.

      GDP: purchasing power parity - $113.2 billion (1995 est.)

      GDP real growth rate: 8.5% (1995 est.)

      GDP per capita: $8,000 (1995 est.)

      GDP composition by sector: agriculture: 7.4% industry: 36.4% services: 56.2% (1985)

      Inflation rate (consumer prices): 8.1% (1995 est.)

      Labor force: 4.728 million

       by occupation: services 38.3% (includes government 12%), industry

       and commerce 33.8%, agriculture, forestry, and fishing 19.2%, mining

       2.3%, construction 6.4% (1990)

      Unemployment rate: 5.4% (1995 est.)

      Budget:

       revenues: $17 billion

       expenditures: $17 billion, including capital expenditures of $NA

       (1996 est.)

      Industries: copper, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles

      Industrial production growth rate: 4.3% (1993 est.)

      Electricity: capacity: 4,810,000 kW production: 22 billion kWh consumption per capita: 1,499 kWh (1993)

      Agriculture: wheat, corn, grapes, beans, sugar beets, potatoes,

       fruit; beef, poultry, wool; timber; 1991 fish catch of 6.6 million

       metric tons

      Illicit drugs: a minor transshipment country for cocaine destined

       for the US and Europe; booming economy has made it more attractive

       to traffickers seeking to launder drug profits

      Exports: $15.9 billion (f.o.b., 1995 est.)

       commodities: copper 41%, other metals and minerals 8.7%, wood

       products 7.1%, fish and fishmeal 9.8%, fruits 8.4% (1991)

       partners: EU 25%, US 15%, Asia 34%, Latin America 20% (1995 est.)

      Imports: $14.3 billion (f.o.b., 1995 est.)

       commodities: capital goods 25.2%, spare parts 24.8%, raw materials

       15.4%, petroleum 10%, foodstuffs 5.7%

       partners: EU 18%, US 25%, Asia 16%, Latin America 26% (1995 est.)

      External debt: $21.1 billion (1995 est.)

      Economic aid: recipient: ODA, $62 million (1993)

      Currency: 1 Chilean peso (Ch$) = 100 centavos

      Exchange rates: Chilean pesos (Ch$) per US$1 - 408.64 (December 1995), 396.78 (1995), 420.08 (1994), 404.35 (1993), 362.59 (1992), 349.37 (1991)

      Fiscal

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