Chile is located along the west coast of southern South America. It covers an area slightly smaller than twice the size of Montana. The climate is temperate with a desert in the north and cool, damp conditions in the south. The terrain is mostly low coastal mountains with a fertile central valley and rugged Andes Mountains in the East. Natural resources include copper, timber, iron ore, nitrates, precious metals; molybdenum; fish and hydropower.
Chile experienced strong economic growth from 1985 to 1998. However the economy went into a sharp recession in 1999 when the financial crisis in Asia, where 33% of its exports were destined, caused a steep fall in copper prices. Domestic recovery has been slow. Poverty is now about 20% (down from 40%). However, there is still a large gap between rich and poor in Chile. Chile has entered into free trade agreements more readily than its neighbor states, producing short-term benefits.
Chile has around 3,500,000 Telephone lines and 3,600,000 Internet users
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