e-pointed star in the center;
design was based on the US flag

_*_Economy
_#_Overview: In 1990 economic growth slowed from an average of 6.2%
for the previous six years to about 1.5% as a result of tight monetary
policy aimed at reducing inflation. Monetary policy was not
successful at slowing price increases until the end of the year,
however, and inflation, stimulated by higher world oil prices,
increased to 27.3% in 1990 from 21.4% in 1989. Copper prices held strong
in 1990, helping to maintain a balance-of-payments surplus and increase
international reserves. Most observers expect that inflationary
pressures have run their course and price increases will slow during
1991, contributing to growth of 4-5%.

_#_GDP: $26 billion, per capita $2,000; real growth rate 2.0% (1990)

_#_Inflation rate (consumer prices): 27.3% (1990)

_#_Unemployment rate: 5.6% (1990)

_#_Budget: revenues $6.6 billion; expenditures $7.1 billion,
including capital expenditures of $575 million (1990 est.)

_#_Exports: $8.3 billion (f.o.b., 1990);

commodities--copper 48%, industrial products 33%, molybdenum,
iron ore, wood pulp, fishmeal, fruits;

partners--EC 34%, US 22%, Japan 10%, Brazil 7%

_#_Imports: $7.0 billion (f.o.b., 1990);

commodities--petroleum, wheat, capital goods, spare parts, raw
materials;

partners--EC 23%, US 20%, Japan 10%, Brazil 9%

_#_External debt: $18.4 billion (February 1991)

_#_Industrial production: growth rate 0% (1990);
accounts for 30% of GDP

_#_Electricity: 4,138,000 kW capacity; 17,784 million kWh produced,
1,360 kWh per capita (1990)

_#_Industries: copper, other minerals, foodstuffs, fish processing,
iron and steel, wood and wood products, transport equipment, cement,
textiles

_#_Agriculture: accounts for about 8% of GDP (including fishing and
forestry); major exporter of fruit, fish, and timber products; major
crops--wheat, corn, grapes, beans, sugar beets, potatoes, deciduous
fruit; livestock products--beef, poultry, wool; self-sufficient in most
foods; 1986 fish catch of 5.6 million metric tons net agricultural
importer

_#_Economic aid: US commitments, including Ex-Im (FY70-89), $521
million; Western (non-US) countries, ODA and OOF bilateral commitments
(1970-88), $1.4 billion; Communist countries (1970-88), $386 million

_#_Currency: Chilean peso (plural--pesos);
1 Chilean peso (Ch$) = 100 centavos

_#_Exchange rates: Chilean pesos (Ch$) per US$1