Chile

Chile, the most extensive country in Latin America, has a prosperous, essentially free market economy. Civilian governments -which took over from the military in March 1990- have continued to reduce the government's role in the economy while shifting the emphasis of public spending towards social programs. During the past decades Chile has managed to avoid the problems that faced her neighbouring countries. A well considered economical policy and a strong focus on diversification of trading partners have secured stable growth numbers and a decreasing inflation through the years.

The Chilean economy remains largely dependent on a few sectors, particularly copper mining, fishing, and forestry. Vigorous economic growth has led to job creation and a slow decline in unemployment over the last several years. The principal growth sectors for the near future are likely to be environment, mining, telecommunications, manufacturing and insurance & financial services. The telecommunications, mining and forestry sectors have benefited from major investments by foreign companies.

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