| The vibrant economy of Chile is basically supported by | | | | year 2009 which is less than 21.04% from the figures |
| its high level of export import trade. The economic | | | | recorded in 2008. |
| reputation of Chile was reinforced when the | | | | The Global Competitiveness Report issued during the |
| democratic government led by Patricio Aylwin, which | | | | financial year 2007-08 lists Chile in the 26th position |
| took power from the military in the year 1990 | | | | among the most competitive countries across the |
| expanded upon the economic change started by the | | | | world and first among the countries of Latin America. It |
| military regime. Chile witnessed significant economic | | | | is ranked well above the other prominent countries of |
| growth during 1991-1997, with its average GDP growing | | | | the region like Mexico, Brazil and Argentina. The index |
| around 8% during the same period. However, the GDP | | | | constituted by World Bank for ease of doing business |
| fell down to half of the level achieved during that | | | | ranks Chile at the 33rd position in the globe. |
| period in the year 1998 mainly due to the rigid | | | | The major contribution to its GDP comes from a |
| monetary policies adopted by the government to keep | | | | service sector. The other important sectors include |
| in check the growing trade deficit and also to counter | | | | industrial and agricultural. The major industries of Chile |
| the lower earnings from export. The economy of Chile | | | | include iron and steel, fish processing, foodstuffs, |
| bounced back and has witnessed the growth | | | | copper and other major minerals, transport and related |
| between 5 to 7% in the recent years. | | | | equipment, products made from wood, textiles, building |
| In 2007, the GDP of Chile was US$ 163.88 billion, and it | | | | and cement. Chile is also famous for its agricultural |
| grew by 3.48% in the following year. The Chile's GDP | | | | products like sugar, fruit, corn, wheat, beans, potatoes, |
| recorded for the year 2008 was US$ 169.573 billion. | | | | beef, wool, fish and poultry. |
| Chile stands at 49th position in the world rankings as | | | | The major exports from Chile include paper, wood, |
| far as the GDP of the countries across the world is | | | | fruits, fish, chemicals and related products, wine and |
| concerned in the year 2008. Its recorded GDP for | | | | copper and other minerals. The major countries that |
| 2008 is above the world's average. In 2009 it is | | | | import goods from Chile include Brazil, China, |
| expected to go down by 19.9% in comparison to the | | | | Netherlands, Italy, Japan, United States of America, |
| figures attained in 2008 and is forecasted to be | | | | Mexico and South Korea. |
| around US$ 135 billion. | | | | The main products Chile imports include motor vehicles, |
| Chile is listed at No.61 in the world based on GDP per | | | | fuels, consumer goods, chemicals, heavy industrial and |
| capita in 2008. It recorded figures of US$ 10,123.82 for | | | | electrical machinery, and food products. The major |
| GDP per capita in the year 2008 which exceed the | | | | countries that export goods to Chile include Brazil, |
| world's average. It grew by 2.45% from the previous | | | | United States of America, Argentina, India and China. |
| year and is expected to be around US$ 7994 in the | | | | |