Political parties and leaders: Coalition of Parties for Democracy or CPD consists mainly of: Christian Democratic Party or PDC Javier ERRAZURIZ]
Political pressure groups and leaders: revitalized university student federations at all major universities; United Labor Central or CUT includes trade unionists from the country's five largest labor confederations; Roman Catholic Church
International organization participation: APEC, CCC, ECLAC, FAO,
G-11, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD,
IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC,
IOM, ISO, ITU, LAES, LAIA, Mercosur (associate), NAM, OAS, OPANAL,
OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UNITAR, UNMIBH, UNMOGIP,
UNTSO, UNU, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Genaro Luis ARRIAGADA Herrera chancery: 1732 Massachusetts Avenue NW, Washington, DC 20036 consulate(s) general: Chicago, Houston, Los Angeles, Miami, New York, Philadelphia, San Francisco, and San Juan (Puerto Rico)
Diplomatic representation from the US:
chief of mission: Ambassador John O'LEARY
embassy: Avenida Andres Bello 2800, Santiago
mailing address: APO AA 34033
Flag description: two equal horizontal bands of white (top) and
red; there is a blue square the same height as the white band at the
hoist-side end of the white band; the square bears a white
five-pointed star in the center; design was based on the US flag
Economy
Economy—overview: Chile 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 toward social programs. Growth in real GDP averaged more than 7.0% in 1991-1997 but fell to about half of that average in 1998 because of spillover from the global financial crisis. Inflation has been on a downward trend and hit a 60-year low in 1998. Chile's currency and foreign reserves also are strong, as sustained foreign capital inflows—including significant direct investment—have more than offset current account deficits and public debt buy-backs. President FREI, who took office in March 1994, has placed improving Chile's education system and developing foreign export markets at the top of his economic agenda. The Chilean economy remains largely dependent on a few sectors—particularly copper mining, fishing, and forestry. Success in meeting the government's goal of sustained annual economic growth of 5% depends largely on world prices for these commodities, continued foreign investor confidence, and the government's ability to maintain a conservative fiscal stance. In 1996, Chile became an associate member of Mercosur and concluded a free trade agreement with Canada.
GDP: purchasing power parity—$184.6 billion (1998 est.)
GDP—real growth rate: 3.5% (1998 est.)