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Chile: Population
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Chile is a traditionally Catholic nation, with an estimated 70% of Chileans belonging to that church. According to Census data other declared denominations or groupings include: Protestant or evangelical (15.1%), Jehovah's Witnesses (1%), The Church of Jesus Christ of Latter-day Saints (0.9%), Jewish (0.1%), Atheist or Agnostic (8.3%), and other (4.4%). Less than 0.1% are either Orthodox or Muslim. For the precise numbers of declared religions among the population ages 15 and over as indicated by the results of the latest census, see source 2002 Census data
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Chile's highest Hofstede Dimension is Uncertainty Avoidance (UAI) at 86, indicating the society’s low level of tolerance for uncertainty. In an effort to minimize or reduce this level of uncertainty, strict rules, laws, policies, and regulations are adopted and implemented. The ultimate goal of this population is to control everything in order to eliminate or avoid the unexpected. As a result of this high Uncertainty Avoidance characteristic, the society does not readily accept change and is very risk adverse.
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High domestic savings and investment rates helped propel Chile's economy to average growth rates of 8% during the 1990s. The privatized national pension system (AFP) has encouraged domestic investment and contributed to an estimated total domestic savings rate of approximately 21% of GDP. However, the AFP is not without its critics, who cite low participation rates (only 55% of the working population is covered), with groups such as the self-employed outside the system. There has ... been criticism of the inefficiency and high costs due to a lack of competition among pension funds. Critics cite loopholes in the use of pension savings through lump sum withdraws for the purchase of a second home or payment of university fees as fundamental weaknesses of the AFP. The Bachelet administration plans substantial reform, but not an overhaul, of the AFP during the next several years.
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