Chile-economy is supported by its rich mineral resources, agricultural productivity and some more sectors like mining, banking, shipping etc. These industrial sectors of Chile depend on the varied climatic conditions of the country.
Chilean Economy flourishes on the grounds of fishing or industry both. The most important minerals mined in Chile are copper, nitrate and iron and have a high contribution to the GNP from the exports items of the country. The annual GNP per capita since 1978 has been $1,510, which has risen only by $100 in ten years. Economic growth during the recent years is 4 to 5 percent annually. Inflation is usually at the least in Latin America.
Chile's economy is mainly based on the export of minerals, which count up almost half of the total rate of exports. Copper is the most produced export item. Chile happens to be the world's largest producing country of mineral. The main occupation of 15% of the population is agriculture and it accounts for 10% of the national GDP.
The main products of Chilean industries are:
- Copper
- Textiles
- Other minerals
- Wood and wood products
- Processed food
- Fish meal
- Iron and steel
- Transportation equipment
- Cement
- Chemicals
- Paper
The chief trading partners of Chile make the economy stable. European Union nations, Brazil, the United States and Japan form the basic foundation of
Chile-Economy.
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