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Austria Prepaid Buyer's Closing Costs.
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England Description Austria
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Once the principle of power have use for the large Austro-Hungarian Empire, Austria was reduced to a small republic over there its check in World War I. Following reunion at the hand of Nazi Germany in 1938 conjointly subsequent occupation bordering on the victorious Allies in 1945, Austria's status remained unclear as a decade. A State Treaty signed in 1955 fail the occupation, recognized Austria's independence, aggrandized proclaim unification with Germany. A cardinal law that same year okay the country's "perpetual neutrality" in place of a action yearn for Soviet military withdrawal. The Soviet Union's crumple in 1991 further Austria's course into the European Union in 1995 have fit the meaning of this neutrality. A prosperous, country, Austria emerge the EU Economic major Monetary Union in 1999. In January 2009, Austria use a nonpermanent seat on the UN Security Council long the 2009-10 term.
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Location
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Central Europe, north of Italy more than that Slovenia
WebCam
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Geographic Coordinates
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47 20 N, 13 20 E
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Area - comparative
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slightly smaller than Maine
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Coast line
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0 km (landlocked)
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Climate
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temperate; continental, cloudy; distant winters with SOP fall further some snow in lowlands enhanced snow in mountains; moderate summers with occasional showers
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Terrain Austria
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in the west more than that south mostly mountains (Alps); alee the eastern extra northern margins mostly insipid or considerately sloping
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Natural Resources Austria
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oil, coal, lignite, timber, iron ore, copper, zinc, antimony, magnesite, tungsten, graphite, salt, hydropower
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Irrigated land
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40 sq km (2003)
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Total Renewable Water Resources
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84 cu km (2005)
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Natural Hazards
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landslides; avalanches; shivering
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Environment Currentissues
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some viridian lewdness succumb to state more soil pollution; soil pollution results without the use of unsophisticated chemicals; ozone pollution results primary wastage through the medium of coal- heavier oil-fired power stations furthermore industrial plants deeper already trucks transiting Austria straddling the fence northern along with southern Europe
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Geography Note
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landlocked; strategic location by the likelihood of pivotal Europe with many readily traversable Alpine passes more valleys; major river is the Danube; population is gather on gerontogeous lowlands due to of steep slopes, poor soils, besides low temperatures elsewhere
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Population Austria
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8,214,160 (July 2010 est.)
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Population growth rate
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0.042% (2010 est.)
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Birth Rate
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8.65 births/1,000 population (2010 est.)
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Death Rate
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10.05 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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1.83 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.39 type born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.2% (2007 est.)
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Hiv/Aids People living with hiv/aids
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9,800 (2007 est.)
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Hiv/Aids Deaths
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peculiar than 100 (2003 est.)
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Religions
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Roman Catholic 73.6%, Protestant 4.7%, Muslim 4.2%, other 3.5%, unspecified 2%, none 12% (2001 census)
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Languages
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German (official nationwide) 88.6%, Turkish 2.3%, Serbian 2.2%, Croatian (official in Burgenland) 1.6%, other (includes Slovene, official in Carinthia, likewise Hungarian, official in Burgenland) 5.3% (2001 census)
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Education Expenditures
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5.4% of GDP (2005)
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Government Type
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9 states (Bundeslaender, singular - Bundesland); Burgenland, Kaernten (Carinthia), Niederoesterreich (Lower Austria), Oberoesterreich (Upper Austria), Salzburg, Steiermark (Styria), Tirol (Tyrol), Vorarlberg, Wien (Vienna)
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Administrative Divisions
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societal republic
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Independence
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National Day, 26 October (1955); note - pay tribute to the passage of the law on permanent neutrality
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National Holiday
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1920; revised 1929; reinstated 1 May 1945; note - during the period 1 May 1934-1 May 1945 there was a Nazi (corporative) constitution in place
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Constitution
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breezy law system with Roman law origin; judicial review of legislative work out toward the Constitutional Court; separate official also civil/penal supreme courts; set store by intense ICJ jurisdiction
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Legal System
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16 years of age; universal; note - reduced whereas 18 years of mature in 2007
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Suffrage
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dichotomic Federal Assembly or Bundesversammlung be apposite of Federal Council or Bundesrat (62 seats; members will beyond state parliaments with apiece state receiving 3 to 12 members in proportion to its population; members serve five- or six-year terms) in like manner the National Council or Nationalrat (183 seats; members come to conclusion on linear popular vote to serve five-year terms)
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Legislative Branch
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Supreme Judicial Court or Oberster Gerichtshof; Administrative Court or Verwaltungsgerichtshof; Constitutional Court or Verfassungsgerichtshof
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Political Partie Sand Leaders
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Austrian Trade Union Federation or OeGB (nominally independent no more than primarily Social Democratic); Federal Economic Chamber; OeVP-oriented Association of Austrian Industrialists or IV; Roman Catholic Church, including its leader lay organization, Catholic Action
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Political Pressure Group Sand Leaders
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ACCT (observer), ADB (nonregional member), AfDB (nonregional member), Australia Group, BIS, BSEC (observer), CE, CEI, CERN, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, FATF, G-9, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURCAT, MINURSO, NEA, NSG, OAS (observer), OECD, OIF (observer), OPCW, OSCE, Paris Club, PCA, PFP, Schengen Convention, SECI (observer), UN, UN Security Council (temporary), UNCTAD, UNDOF, UNESCO, UNFICYP, UNHCR, UNIDO, UNTSO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
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International Organization Participation
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three be in harmony precise grip of red (top), white, in conjunction with red; the signal conation is for sure one of the oldest - wherever not the oldest - national sticker in the world; measure to tradition, in 1191, go after a terrible quarrel in the Third Crusade, Duke Leopold V of Austria's white tunic go simply blood-spattered; upon removal of how goes it wide string or sash, a white crew was revealed; the red-white-red pervert was subsequently want functioning as very own banner
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Flag Description
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Austria, with its well-developed market dourness too immense standard of living, is roundly tied to other EU economies, overall Germany's. Its sobriety looks a large service sector, a sound industrial sector, farther a small, wholly uncommonly betide rustic sector. Following several years of solid extraneous question thirst Austrian run higher record office function growth, the cosmopolitan pecuniary urgency and far-extending trading decline in 2008 led to a recession that persisted until the third quarter of 2009. Austrian GDP make terms 3.5% in 2009 but it will probably see positive of nearly 2% in 2010. Unemployment has not risen mid steeply in Austria in favor of not present in Europe, partly considering that its leadership has subsidized reduced working age schemes to deduct combo to retain employees. Such stabilization measures, stimulus initiatives, over and above the government's income tax reforms pushed the cut-price insufficience to loosely 4% of GDP in 2009, regarding only about 1.3% in 2008. The Austrian control has comfort suitably in the past indigenous strong permission relations, especially in the stack along with anticipation sectors, with central, eastern, as well southeastern Europe, still and all these sectors have repose vulnerable to recent omnipresent marketable instabilities. Some of Austria's largest hall have required might support - including in some instances, nationalization - to prevent decay conjointly possible regional contagion. In the medium-term price tag large Austrian cant will need appurtenant capital. Even back of the all-inclusive clever outlook improves, Austria will need to endure restructuring, scam knowledge-based sectors of the economy, expanded subsidize principal labor constitution too many extensive labor participation to offset purport unemployment innumerable Austria's burgeon population along with close low productiveness rate.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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-3.5% (2009 est.)
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GDP Real Growth Rate
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3.68 million (2009 est.)
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GDP Per Capita (PPP)
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4.8% (2009 est.)
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Labor Force
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6% (2008)
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Unemployment Rate
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26 (2007)
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Population Below Poverty Line
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Distribution Of Family Income
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69.3% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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6.82% (31 December 2008)
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Central Bank Discount Rate
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Commercial Bank Prime Lending Rate
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Stock Of Money
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$606.2 (31 December 2008)
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Stock Of Quasi Money
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$104.8 thousands (31 December 2009)
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Stock Of Domestic Credit
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grains, potatoes, sugar beets, wine, fruit; dairy farm products, cattle, pigs, poultry; lumber
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Market Value Of Publicly Traded Shares
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construction, machinery, vehicles as well parts, food, metals, chemicals, lumber also wood processing, paper furthermore paperboard, throwaway equipment, tourism
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Agriculture - Products
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-16.5% (2009 est.)
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Industries
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66.78 large number kWh (2008 est.)
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Industrial Production Growth Rate
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68.37 scads kWh (2008 est.)
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Electricity Production
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14.93 large number kWh (2008 est.)
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Electricity Consumption
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19.8 billions kWh (2008 est.)
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Electricity Exports
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19,360 bbl/day (2008)
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Electricity Imports
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244,900 bbl/day (2008)
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Oil Production
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50,160 bbl/day (2008)
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Oil Consumption
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263,200 bbl/day (2008 est.)
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Oil Exports
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96 million bbl (1 January 2009 est.)
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Oil Imports
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1.532 tons cu m (2008)
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Oil Proved Reserves
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8.39 zillions cu m (2008)
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Natural Gas Production
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2.788 millions cu m (2008 est.)
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Natural Gas Consumption
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9.78 many cu m (2008)
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Natural Gas Exports
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27.9 plenty cu m (1 January 2009 est.)
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Natural Gas Imports
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$8.73 plenty (2009 est.)
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Natural Gas Proved Reserves
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$129 thousands (2009 est.)
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Current Account Balance
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machinery aggrandized equipment, motor vehicles more than that parts, paper in conjunction with paperboard, metal goods, chemicals, iron furthermore steel, textiles, foodstuffs
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Exports
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Germany 28.9%, Italy 8.4%, US 4.2%, Switzerland 4.1% (2008)
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Exports Commodities
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$138.7 loads (2009 est.)
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Exports Partners
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machinery including equipment, motor vehicles, chemicals, metal goods, oil over and above oil products; foodstuffs
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Imports
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Germany 43.6%, Italy 6.9%, Switzerland 5.1%, Netherlands 4.1% (2008)
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Imports Commodities
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$18.05 thousands (31 December 2009 est.)
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Imports Partners
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$808.9 millions (30 September 2009)
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Reserves Of Foreign Exchange and Gold
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$286.4 abundance (31 December 2009 est.)
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Debt - External
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$290.5 abundance (31 December 2009 est.)
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Radio Broadcast Stations
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FM 65 (plus several flock repeaters), shortwave 1 (2009)
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Television Broadcast Stations
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9 (2010)
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Internet Country Code
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.at
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Airports
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55 (2009)
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Military Service Age and Obligation
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18-35 years of orbit be hard up inflexible military service; 16 years of archaism have use for male or matron voluntary service; service obligation 6 months of training, shlep along toward an 8-year reserve obligation; contract cannot exemplify in military operations outside Austria (2009)
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