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Business investment, exports, and consumer spending have also grown substantially in the past few years. Chile.s GDP had more than doubled during the 1990s.passing the US$ 70 billion threshold. Chile.s main export markets, as of the turn of the century were, the U.S. (19.9 percent), Japan (14.9 percentage), England (8.9 percentage) and Brazil (6 percentage).
Foreign Direct Investments into the Chilean economy rose from an average of US$ 720 million in the period 1985-89, to an average of US$ 5.333 million in the period 1995-99. During the last five years the main investors in the country have been Spain (30 percent), the United States (25 percent) and Canada (12 percent).
The main industry of Chile is mining. Copper in particular constitutes an essential component of the economy. The industry constitutes up to 35 percent of Chilean exports. Agriculture (fruit and wines), cellulose and fish products are other important industries for the country.
Chile signed a bilateral agreement with the European Union (EU) in mid- 1996, the first stage towards further trade liberalization between the partners of the agreement. During 1997 Chile has been accepted as an observer in the OECD trade committee.