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Chile
Location: Southern South America, bordering the South Atlantic Ocean and South Pacific Ocean, between Argentina and Peru Area—comparative: slightly smaller than twice the size of Montana . Population: 14,787,781 (July 1998 est.) . Ethnic groups: white and white-Amerindian 95%, Amerindian 3%, other 2% Religions: Roman Catholic 89%, Protestant 11%, Jewish Languages: Spanish . Government type: republic National capital: Santiago Independence: 18 September 1810 (from Spain) . 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. In 1996, Chile became an associate member of Mercosur and concluded a Free Trade Agreement with Canada. Exchange rates: Chilean pesos (Ch$) per US$1—452.60 (January 1998), 419.30 (1997), 412.27 (1996), 396.78 (1995), 420.08 (1994), 404.35 (1993) .

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