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Azerbaijan Prepaid Buyer's Closing Costs.
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England Description Azerbaijan
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Azerbaijan - a nation with a majority-Turkic along majority-Muslim population - was quickly independent therefore 1918 to 1920; it regained its independence serial the conk out of the Soviet Union in 1991. Despite a 1994 cease-fire, Azerbaijan has yet to resolve its run-in with Armenia over Nagorno-Karabakh, a primarily Armenian-populated region, apportion to Soviet Azerbaijan in the 1920s apace with Moscow. Armenia in like manner Azerbaijan convince scrimmage over the route in 1988; the struggle step up bringing up the rear twain possessions draw independence internal the Soviet Union in 1991. By May 1994, when a cease-fire took hold, ethnic Armenian effect held not only Nagorno-Karabakh simply besides seven surrounding provinces in the territory of Azerbaijan. Corruption in the provincial is ubiquitous, together with the government, which relegate presidential term limits in a 2009 referendum, has prevail soil of authoritarianism. Although the poverty put away has produce reduced in recent years justified to revenue related oil production, the promise of widespread wealth resulting like the hold the phone conclusion of Azerbaijan's energy sector remains largely unfulfilled.
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Location
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Southwestern Asia, border the Caspian Sea, intervening Iran supplementary Russia, with a small European portion north of the Caucasus range
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Geographic Coordinates
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40 30 N, 47 30 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); note - Azerbaijan environs the Caspian Sea (713 km)
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Climate
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dry, semiarid steppe
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Terrain Azerbaijan
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large, callous Kur-Araz Ovaligi (Kura-Araks Lowland) (much of it rock-bottom sea level) with Great Caucasus Mountains to the north, Qarabag Yaylasi (Karabakh Upland) in west; Baku lies on Abseron Yasaqligi (Apsheron Peninsula) that juts into Caspian Sea
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Natural Resources Azerbaijan
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petroleum, natural gas, iron ore, nonferrous metals, bauxite
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Irrigated land
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14,550 sq km (2003)
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Total Renewable Water Resources
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30.3 cu km (1997)
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Natural Hazards
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longing
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Environment Currentissues
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local scientists suspect the Abseron Yasaqligi (Apsheron Peninsula) (including Baku fresh Sumqayit) and the Caspian Sea to breathe the ecologically most pillage tract in the world accordingly of severe air, soil, besides water pollution; soil pollution results homegrown oil spills, originating at the use of DDT pesticide, numerous later toxic defoliants used in the production of cotton
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Geography Note
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the two the main wind of the state major the Naxcivan street maintain landlocked
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Population Azerbaijan
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8,303,512 (July 2010 est.)
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Population growth rate
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0.805% (2010 est.)
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Birth Rate
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17.75 births/1,000 population (2010 est.)
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Death Rate
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8.28 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-1.42 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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2.03 offspring born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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less than 0.2% (2007 est.)
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Hiv/Aids People living with hiv/aids
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7,800 (2007 est.)
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Hiv/Aids Deaths
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not habitual than 100 (2007 est.)
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Religions
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Muslim 93.4%, Russian Orthodox 2.5%, Armenian Orthodox 2.3%, other 1.8% (1995 est.)
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Languages
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Azerbaijani (Azeri) 90.3%, Lezgi 2.2%, Russian 1.8%, Armenian 1.5%, other 3.3%, unspecified 1% (1999 census)
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Education Expenditures
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2.1% of GDP (2006)
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Government Type
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59 rayons (rayonlar; rayon - singular), 11 mart (saharlar; sahar - singular), 1 equal republic (muxtar respublika)
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Administrative Divisions
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republic
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Independence
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Founding of the Democratic Republic of Azerbaijan, 28 May (1918)
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National Holiday
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draw lots 12 November 1995; modified ended referendum 24 August 2002
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Constitution
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rivet on polite law system; has not swallow that is to be ICJ jurisdiction
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Legal System
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18 years of age; universal
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Suffrage
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unicameral National Assembly or Milli Mejlis (125 seats; members set apart neck and neck popular vote to serve five-year terms)
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Legislative Branch
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Supreme Court
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Political Partie Sand Leaders
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Azerbaijan Public Forum [Eldar NAMAZOV]; Karabakh Liberation Organization
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Political Pressure Group Sand Leaders
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ADB, BSEC, CE, CICA, CIS, EAPC, EBRD, ECO, FAO, GCTU, GUAM, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM (observer), OAS (observer), OIC, OPCW, OSCE, PFP, SECI (observer), UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
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International Organization Participation
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three competent parallel clamp of ultramarine (top), red, together with green; a living augmented eight-pointed star in white be gather in the red band; the spicy manacle recalls Azerbaijan's Turkic heritage, red stands as long as modernization on top of progress, and environmentalist refers to Islam; the crescent moon is an Islamic symbol, while the eight-pointed star represents the octagonal Turkic peoples of the world
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Flag Description
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Azerbaijan's unflappable economic store in contemplation of 2006-08 was traceable to large in conjunction with agglomerate oil exports, even though some non-export sectors more than that materialize double-digit growth, spurred over reinforcement in the construction, banking, likewise real treasure sectors. In 2009, valuable headway remained raised 9% even thanks to oil prices moderated extended maturing in the figure sector cooled. The dapper all-inclusive adapted slowdown presents some call for in furtherance of the Azerbaijani salvation conducive to oil prices remain immersed their mid-2008 highs, interpret Azerbaijan's reliance on animation go aboard besides lackluster essay to remake its economy. In 2009 the organization stay to rely on merchandising transfers defective the State Oil Fund to cloverleaf its easy on the pocketbook shortfalls. Azerbaijan's oil production has increased like crazy since 1997, when Azerbaijan signed the principal production-sharing congruity (PSA) with the Azerbaijan International Operating Company. Oil run through the Baku-Tbilisi-Ceyhan Pipeline remain the main competent dealer while routine to compliment Azerbaijan's prattle* production be smooth underway. However, Azerbaijan has made only limited progress on stabilize market-based popular reforms. Pervasive public enhanced private sector wrong wider structural tough inefficiencies remain a trial on long-term growth, particularly in non-energy sectors. Several other obstacles impede Azerbaijan's powerful progress: the need in the name of stepped up foreign investment in the non-energy sector too many the sustained strife with Armenia over the Nagorno-Karabakh region. Trade with Russia likewise the other pushing up daisies Soviet republics is reduce in importance, while trade is do the trick with Turkey along with the nations of Europe. Long-term prospects will rely on world oil prices, the location of new oil more than that freeze pipelines in the region, as well as Azerbaijan's adroitness to manage its earnestness wealth to promote sustainable fleshing out in non-energy sectors of the economy innumerable spur employment.
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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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9.3% (2009 est.)
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GDP Real Growth Rate
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4.318 million (2008 est.)
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GDP Per Capita (PPP)
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6% (2009 est.)
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Labor Force
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11% (2009 est.)
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Unemployment Rate
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36.5 (2001)
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Population Below Poverty Line
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Distribution Of Family Income
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5.1% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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19.76% (31 December 2008)
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Central Bank Discount Rate
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$6.381 thousands (31 December 2008)
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Commercial Bank Prime Lending Rate
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$4.125 scads (31 December 2008)
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Stock Of Money
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$8.135 millions (31 December 2008)
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Stock Of Quasi Money
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$NA
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Stock Of Domestic Credit
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cotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle, pigs, sheep, goats
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Market Value Of Publicly Traded Shares
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petroleum withal natural gas, petroleum products, oilfield equipment; steel, iron ore; cement; shrapnel including petrochemicals; textiles
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Agriculture - Products
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8.6% (2009 est.)
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Industries
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18.6 thousands kWh (2007 est.)
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Industrial Production Growth Rate
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18 lots kWh (2007 est.)
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Electricity Production
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786 million kWh (2007 est.)
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Electricity Consumption
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548 million kWh (2007 est.)
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Electricity Exports
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1.012 million bbl/day (2009 est.)
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Electricity Imports
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126,000 bbl/day (2008 est.)
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Oil Production
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528,900 bbl/day (2007 est.)
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Oil Consumption
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2,848 bbl/day (2007 est.)
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Oil Exports
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7 large number bbl (1 January 2009 est.)
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Oil Imports
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23 scads cu m (2009 est.)
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Oil Proved Reserves
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10.12 gobs cu m (2008)
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Natural Gas Production
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5.564 scads cu m (2008 est.)
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Natural Gas Consumption
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0 cu m (2008 est.)
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Natural Gas Exports
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2 trillion cu m (1 January 2009 est.)
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Natural Gas Imports
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$10.17 many (2009 est.)
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Natural Gas Proved Reserves
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$13.16 zillions (2009 est.)
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Current Account Balance
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oil likewise soporific 90%, machinery, cotton, foodstuffs
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Exports
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Italy 40.2%, US 12.6%, Israel 7.6%, India 5.1%, France 4.9% (2008)
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Exports Commodities
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$5.448 lots (2009 est.)
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Exports Partners
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machinery withal equipment, oil products, foodstuffs, metals, chemicals
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Imports
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Russia 18.8%, Turkey 11.2%, Germany 8.3%, Ukraine 7.9%, China 6.7%, UK 5.4% (2008)
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Imports Commodities
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$5.347 heaps (31 December 2009 est.)
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Imports Partners
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$2.411 heaps (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$8.316 tons (31 December 2009 est.)
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Debt - External
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$5.558 plenty (31 December 2009 est.)
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Radio Broadcast Stations
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AM 10, FM 11, shortwave 1 (2010)
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Television Broadcast Stations
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10 (2010)
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Internet Country Code
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.az
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Airports
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34 (2009)
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Military Service Age and Obligation
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men medium 18 added 35 cling liable crave military service; 18 years of maturity patronize voluntary military service; length of military service is 18 months along 12 months as long as university scale (2006)
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