The Economy of ChileOverview:The economy of Chile is based on the export of minerals, which represent approximately half of the country's total exports. The most valuable resource is copper and the country is considered the world's largest producer. Agriculture provides employment for approximately 15% of the population; it represents around 6% of national wealth, but produces less than half of domestic needs. The main agricultural area of ​​the country is the Chile Valley; its vineyards are the basis of the Chilean wine industry. Grapes, apples and onions are among the main crops. The economy is also based on beef and poultry production, sheep farming is very common and produces wool and meat for domestic use and export. Fishing and logging are also important; the country also exports chemicals, paper and pulp. Dependence on copper prices and producing an adequate food supply are among the major economic problems. Chile's main imports are petroleum, chemicals, electrical equipment, vehicles, machinery and natural gas. Most trade takes place with the United States, Argentina, South Korea and China. Augusto Pinochet was a dictator who took control of Chile in 1973. Although thousands of people disappeared or were executed under his command, he implemented free market policies and transformed Chile's economy, from bankruptcy, became one of the most prosperous in Latin America. Economic Progress After years of impressive economic growth, notably in 1999, Chile began to experience an economic slowdown. These unfavorable economic conditions were linked to the Asian crisis that occurred two years earlier. In 2003, the economy began to show signs of recovery, with real GDP growth of 3.3%. In 2004, GDP almost doubled to a growth of 6.1%, a growth of ...... middle of paper ...... s. When the recession hit in 2008, it discouraged exports, which caused Chile to suffer greatly as it depended mainly on exports. Investment fell and unemployment also rose during the Great Recession. There have been great losses during this recession; losses estimated at around $30 trillion. The years to come brought well-being, since the unemployment rate began to fall again. Some charts are also included to graphically demonstrate the economic state. In 2010, a devastating and destructive earthquake struck Chile, bringing nothing but loss and ruin. The Chilean government suffered as did the country's GDP. Even after these natural disasters and unfortunate economic events, Chile still stands and fights to fight, as it is almost the fastest growing country in Latin America..