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Chile
Country Analysis Briefs
Profile
Country Overview
Chief of State President Michelle Bachelet Jeria (since March 2006)
Location Southern South America, bordering the South Pacific Ocean, between Argentina and Peru
Independence 18 September 1810 (from Spain)
Population (2005E) 15,980,912
Economic Overview
Currency/Exchange Rate (9/13/2006) 1 Chile Peso = 0.0019 USD
Inflation Rate (2005E) 3.1%
Gross Domestic Product (GDP, 2005E) $115 billion
Real GDP Growth Rate (2005E) 6.3
Unemployment Rate (2005E) 8.1%
External Debt (2005E) $47.5 billion
Exports (2005E) $40.6 billion
Exports - Commodities copper, fruit, fish products, paper and pulp, chemicals, wine
Exports - Partners (2004E) US 14%, Japan 11.4%, China 9.9%, South Korea 5.5%, Netherlands 5.1%, Brazil 4.3%, Italy 4.1%, Mexico 4%
Imports (2005E) $30.4 billion
Imports – Commodities petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas
Imports - Partners (2004E) Argentina 17%, US 14.1%, Brazil 11.1%, China 7.1%
Current Account Balance (2005E) $703 million
Energy Overview
Proven Oil Reserves (January 1, 2006E) 150 million barrels
Oil Production (2006E) 15.1 thousand barrels per day, of which 22% was crude oil.
Oil Consumption (2005E) 238 thousand barrels per day
Crude Oil Distillation Capacity (2006E) 226.8 thousand barrels per day
Proven Natural Gas Reserves (January 1, 2006E) 3.5 trillion cubic feet
Natural Gas Production (2004E) 38.5 billion cubic feet
Natural Gas Consumption (2004E) 292.8 billion cubic feet
Recoverable Coal Reserves (2003E) 1,301.8 million short tons
Coal Production (2004E) 0.4 million short tons
Coal Consumption (2004E) 5.7 million short tons
Electricity Installed Capacity (2004E) 10.7 gigawatts
Electricity Production (2004E) 50.9 billion kilowatt hours
Electricity Consumption (2004E) 49.1 billion kilowatt hours
Total Energy Consumption (2004E) 1.2 quadrillion Btus*, of which Oil (41%), Natural Gas (26%), Hydroelectricity (18%), Coal (12%), Other Renewables (1%), Nuclear (0%)
Total Per Capita Energy Consumption (2003E) 69.8 million Btus
Energy Intensity (2004E) 5,982.7 Btu per $2000-PPP**
Environmental Overview
Energy-Related Carbon Dioxide Emissions (2003E) 53.8 million metric tons, of which Oil (51%), Natural Gas (26%), Coal (22%)
Per-Capita, Energy-Related Carbon Dioxide Emissions (2003E) 3.4 metric tons
Carbon Dioxide Intensity (2004E) 0.3 Metric tons per thousand $2000-PPP**
Environmental Issues widespread deforestation and mining threaten natural resources; air pollution from industrial and vehicle emissions; water pollution from raw sewage
Major Environmental Agreements party to: Antarctic-Environmental Protocol, Antarctic-Marine Living Resources, Antarctic Seals, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling signed, but not ratified: none of the selected agreements
Oil and Gas Industry
Organization Empresa Nacional de Petroleo (ENAP), state-owned oil and gas company; Comision Energia Nacional (CNE) principal energy regulation and planning
Major Oil and Gas Fields Costa Auera, Posesion, Daniel Este-Dungeness, Skau, Spiteful
Major Refineries (capacity, bbl/d) BioBio (113,400), Aconcagua (97,650), Gregorio (15,750)
* The total energy consumption statistic includes petroleum, dry natural gas, coal, net hydro, nuclear, geothermal, solar, wind, wood and waste electric power. The renewable energy consumption statistic is based on International Energy Agency (IEA) data and includes hydropower, solar, wind, tide, geothermal, solid biomass and animal products, biomass gas and liquids, industrial and municipal wastes. Sectoral shares of energy consumption and carbon emissions are also based on IEA data.
**GDP figures from OECD estimates based on purchasing power parity (PPP) exchange rates.

Country Analysis Briefs

September 2006
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