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South America > Chile > Economy

Share
Aid as % of GDP 0.1% [129th of 129]
Big Mac Index $2.98 [12th of 65]
Business efficiency 72.184 [18th of 51]
Economic freedom 3 [17th of 156]
GDP > PPP $183,286,000,000.00 [42nd of 163]
GDP growth > annual % 6.35 annual % Time series [46th of 187]
GDP per capita in 1900 $1,949.00 [16th of 39]
GDP per capita in 1950 $3,827.00 [16th of 52]
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 > Poorest 10% 1.3% [97th of 114]
Income distribution > Richest 10% 45.6% [9th of 114]
Overall productivity > PPP $27,031.40 [36th of 49]
Population under $1 a day 2 [58th of 59]
Poverty > Share of all poor people 0.03 % of world's poor [61st of 80]
Research and development spending 0.6% [42nd of 69]
Technological achievement 0.36 [33rd of 68]

... View all Economy stats

SOURCES: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; The Economist.; IMD International, 2005; The Heritage Foundation; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; Angus Maddison; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; IMD International; World Bank 2002b via backone.pdf; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; aggregates calculated for the Human Development Report Office by the World Bank; United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org

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

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COMMENTARY     

Suchita Vemuri
Staff Editor

24th 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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