FACTOID # 8: United we stand? The United Kingdom and United States are both in the top ten for Gross Domestic Product - and for child poverty.
 
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South America > Chile > Economy

CHILEAN ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans, beef, poultry, wool; fish; timber
Big Mac Index $2.98 [12th of 65]
Debt > External $57,600,000,000.00 Time series [45th of 136]
Distribution of family income > Gini index 54.9 Time series [6th of 43]
Economic freedom 3 [17th of 156]
Exports $67,640,000,000.00 Time series [40th of 189]
GDP $145,841,200,000.00 Time series [37th of 203]
GDP > PPP $183,286,000,000.00 [42nd of 163]
GDP > Real growth rate 5.1% Time series [103rd of 198]
GDP per capita in 1973 $5,028.00 [28th of 52]
GINI index 54.92 Time series [5th of 40]
Gross National Income $70,619,200,000.00 [38th of 172]
Human Development Index 0.854 [37th of 178]
Income category Upper middle income
Income distribution > Richest 10% 45.6% [9th of 114]
Population below poverty line 18.2% Time series [22nd of 46]
Poverty > Share of all poor people 0.03 % of world's poor [61st of 80]
Public debt 4.1 % of GDP Time series [118th of 121]
Technological achievement 0.36 [33rd of 68]
Tourist arrivals 1,644,000 [44th of 152]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; The Economist.; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; Angus Maddison; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org; United Nations World Statistics Pocketbook and Statistical Yearbook

ALTERNATIVE NAMES: Chile, Republic of Chile, Republica de Chile

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COMMENTARY     

Suchita Vemuri
Staff Editor

25th April 2005
Hi Leanne - Chile's main products are primary products - food groups and minerals, which is why primary products as a percentage of its exports is as much as 81%. Chile's main exports are copper, fish, fruits, paper and pulp, and it ranked 47th as an exporting country (in terms of f.o.b. value), exports accounting for 32% of its GDP in 2000 and close to 35% in 2001.

Chile's labor force was a total of almost 6 million in 2000, equal to a little under 38% of the total population. The major occupation of its labor force is in services, with only 14% in agriculture and 27% in industry. This would imply that a large section of the labor force is well educated, a fact borne out by its relatively high ranking for average years of schooling, which stands at 7.5 years for the current adult population, and the 9 years of compulsory education mandated more recently. Enrolment for secondary education is also very high, as is overall literacy. Chile ranks 40th in enrolment for higher or tertiary education.

Chile produces some unique pepper varieties. It is also famous for its wines. Chile ranks 3rd for the its quantity of marine fish catch. It has had some major successes in innovation of pepper and tobacco varieties. To encourage research in other areas of technological innovation, Chile has instituted a system known as the National System of Innovation, which is currently focused mainly on applied sciences.

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