Political System: Chile is a democratic republic governed by the Constitution of 1980, and organized around three branches of government: Executive (headed by the President of the Republic) , the Legislative (Senate and Chamber of Deputies ) and Judicial (Courts of Justice).
Economy: Chile is an emerging economy that is very well regarded in Latin America and throughout the world. Its sustained economic growth, as well as its progress in social development, has been highlighted by various international organizations. In 2010, Chile was the first South American nation to be incorporated as a member of The Organization for Economic Co-operation and Development (OECD). Fiscal discipline is one of the main pillars of the strong Chilean economy. The country’s fiscal accounts have sustained continuous stability over time and economic growth for the last three years at an annual average of 5.7 %. Annualized inflation in December 2012 was 1.5 %.
Official Name: Republic of Chile.
Length: 756,096 km²
Population: 16,572,475 inhabitants.
Independence Date: September 18, 1810 (First National Government Meeting)