What Do You Know About The Economy Of Chile?

Santiago is the capital city of Chile. It is the one of the best economy among the most progressive economies the world especially in the Latin America. This economy is praised by the Foreigners as a Model economy for the whole world. The growth of Gross Domestic Product is increasing constantly which was 5.9 percent and 6.1 percent in 2005 and 2004. The growth of this country is primarily based on the mining sector.  Copper is the one of the largest exports of the Chile and it is enjoying the benefit due to increase in the prices of copper internationally.

It ranks first in the production of the copper among all other countries. Regardless of of this steady growth and economic stability it is still recorded that four million people are living in the poverty. The main sectors of the Chile are copper, gold and silver. The highly growing industries are wood, paper, chemicals, food processing, wine and sea products. The Chile is most famous for the customs among other countries that is 6 percent. There is an agreement between the Chile and European Union for the 0 percent customs on the all the goods traded between them.  So the economy is moving rapidly.