The 2008 CIA World Factbook. United States. Central Intelligence Agency
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Santiago geographic coordinates: 33 27 S, 70 40 W time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins second Sunday in October; ends second Sunday in March
Administrative divisions:
15 regions (regiones, singular - region); Aisen del General Carlos Ibanez del Campo, Antofagasta, Araucania, Arica y Parinacota, Atacama, Biobio, Coquimbo, Libertador General Bernardo O'Higgins, Los Lagos, Los Rios, Magallanes y de la Antartica Chilena, Maule, Region Metropolitana (Santiago), Tarapaca, Valparaiso note: the US does not recognize claims to Antarctica
Independence:
18 September 1810 (from Spain)
National holiday:
Independence Day, 18 September (1810)
Constitution:
11 September 1980, effective 11 March 1981; amended 1989, 1991, 1997, 1999, 2000, 2003, and 2005
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 - in June 2005, Chile completed overhaul of its criminal justice system to a new, US-style adversarial system
Suffrage:
18 years of age; universal and compulsory
Executive branch:
chief of state: President Michelle BACHELET Jeria (since 11 March 2006); note - the president is both the chief of state and head of government head of government: President Michelle BACHELET Jeria (since 11 March 2006) cabinet: Cabinet appointed by the president elections: president elected by popular vote for a single four-year term; election last held 11 December 2005, with runoff election held 15 January 2006 (next to be held in December 2009) election results: Michelle BACHELET Jeria elected president; percent of vote - Michelle BACHELET Jeria 53.5%; Sebastian PINERA Echenique 46.5%
Legislative branch:
bicameral National Congress or Congreso Nacional consists of the Senate or Senado (38 seats; members elected by popular vote to serve eight-year terms; one-half elected every four years) and the Chamber of Deputies or Camara de Diputados (120 seats; members are elected by popular vote to serve four-year terms) elections: Senate - last held 11 December 2005 (next to be held in December 2009); Chamber of Deputies - last held 11 December 2005 (next to be held in December 2009) election results: Senate - percent of vote by party - NA; seats by party - CPD 20 (PDC 6, PS 8, PPD 3, PRSD 3), APC 17 (UDI 9, RN 8), independent 1; Chamber of Deputies - percent of vote by party - NA; seats by party - CPD 65 (PDC 21, PPD 22, PS 15, PRSD 7), APC 54 (UDI 34, RN 20), independent 1; note - as of 8 January 2008: Senate - seats by party - CPD 18, (PDC 5, PS 8, PPD 2, PRSD 3), APC 16 (UDI 9, RN 7), independent 4; Chamber of Deputies - seats by party - CPD 57 (PDC 16, PPD 19, PS 15, PRSD 7), APC 53 (UDI 33, RN 20), independent 10.
Judicial branch:
Supreme Court or Corte Suprema (judges are appointed by the president and ratified by the Senate from lists of candidates provided by the court itself; the president of the Supreme Court is elected every three years by the 20-member court); Constitutional Tribunal
Political parties and leaders:
Alliance for Chile (Alianza) or APC (including National Renewal or
RN [Carlos LARRAIN Pena] and Independent Democratic Union or UDI
[Hernan LARRAIN Fernandez]); Coalition of Parties for Democracy
(Concertacion) or CPD (including Christian Democratic Party or PDC
[Soledad ALVEAR], Socialist Party or PS [Camilo ESCALONA Medina],
Party for Democracy or PPD [Sergio BITAR Chacra], Radical Social
Democratic Party or PRSD [Jose Antonio GOMEZ Urrutia]); Communist
Party or PC [Guillermo TEILLIER]; Humanist Party [Marilen CABRERA
Olmos]
Political pressure groups and leaders:
Roman Catholic Church; United Labor Central or CUT includes trade unionists from the country's five largest labor confederations other: revitalized university student federations at all major universities
International organization participation:
APEC, BIS, CAN (associate), FAO, G-15, G-77, IADB, IAEA, IBRD, ICAO,
ICC, ICCt (signatory), ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF,
IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES,
LAIA, Mercosur (associate), MIGA, MINUSTAH, NAM, OAS, OPANAL, OPCW,
PCA, RG, UN, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina,
UNMOGIP, UNTSO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Mariano FERNANDEZ 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, San Juan (Puerto Rico)
Diplomatic representation from the US:
chief of mission: Ambassador Paul E. SIMONS embassy: Avenida Andres Bello 2800, Las Condes, Santiago mailing address: APO AA 34033 telephone: [56] (2) 330–3000 FAX: [56] (2) 330–3710, 330–3160
Flag description:
two equal horizontal bands of white (top) and red; 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 representing a guide to progress and honor; blue symbolizes the sky, white is for the snow-covered Andes, and red represents the blood spilled to achieve independence note: design was influenced by the US flag
Economy
Chile
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. Between 2000 and 2007 growth ranged between 2%-6%. Throughout these years Chile maintained a low rate of inflation with GDP growth coming from high copper prices, solid export earnings (particularly forestry, fishing, and mining), and growing domestic consumption. President BACHELET in 2006 established an Economic and Social Stabilization Fund to hold excess copper revenues so that social spending can be maintained during periods of copper shortfalls. This fund probably surpassed $20 billion at the end of 2007. Chile continues to attract foreign direct investment, but most foreign investment goes into gas, water, electricity and mining. Unemployment has exhibited a downward trend over the past two years, dropping to 7.8% and 7.0% at the end of 2006 and 2007, respectively. Chile deepened its longstanding commitment to trade liberalization with the signing of a free trade agreement with the US, which took effect on 1 January 2004. Chile claims to have more bilateral or regional trade agreements than any other country. It has 57 such agreements (not all of them full free trade agreements), including with the European Union, Mercosur, China, India, South Korea, and Mexico.
GDP (purchasing power parity):
$232.8