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Dominican Republic Prepaid Buyer's Closing Costs.
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England Description Dominican Republic
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Explored increased challenge per Christopher COLUMBUS on hey lead off voyage in 1492, the island of Hispaniola display a springboard for the reason that Spanish appropriation of the Caribbean over and above the American mainland. In 1697, Spain recognized French permission over the western third of the island, which in 1804 be handy Haiti. The remainder of the island, alongside then known in the act of Santo Domingo, sought to cumulate its own independence in 1821 howbeit was constrain farther ruled next door to the Haitians do without 22 years; it later realize independence on the side of the Dominican Republic in 1844. In 1861, the Dominicans voluntarily returned to the Spanish Empire, howbeit two years later they launched a war that restored independence in 1865. A legacy of unsettled, mostly non-representative rule followed, raise at hand the authoritarianism of Rafael Leonidas TRUJILLO municipal 1930-61. Juan BOSCH was award president in 1962 excluding was unseat in a military insurgence in 1963. In 1965, the United States led an intervention in the midst of a polished war sparked along the side of an uprising to restore BOSCH. In 1966, Joaquin BALAGUER overthrow BOSCH in an polls to have respect to president. BALAGUER maintained a tight control on power as most of the next 30 years when common reaction to confused variety twist him to curtail high five term in 1996. Since then, regular low-priced ticket have remain held in which opposition successor have won the presidency. Former President (1996-2000) Leonel FERNANDEZ Reyna won distinction to a new term in 2004 support a nub updating compliance presidents to serve more than one term, more than that was since reelected to a second unfailing term.
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Location
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Caribbean, eastward two-thirds of the island of Hispaniola, equidistant the Caribbean Sea in conjunction with the North Atlantic Ocean, of Haiti
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Geographic Coordinates
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19 00 N, 70 40 W
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Area - comparative
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slightly more than twice the size of New Hampshire
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Coast line
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1,288 km
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Climate
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tropical maritime; little seasonal temperature variation; seasonal variation in spit
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Terrain Dominican Republic
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rugged stack furthermore mountains with overdone valleys interspersed
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Natural Resources Dominican Republic
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nickel, bauxite, gold, silver
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Irrigated land
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2,750 sq km (2003)
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Total Renewable Water Resources
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21 cu km (2000)
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Natural Hazards
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lies in the middle of the squall strike else subject to severe storms internal June to October; occasional flooding; periodic insufficiency
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Environment Currentissues
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water shortages; soil chafe into the sea cost rust reefs; erosion
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Geography Note
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shares island of Hispaniola with Haiti
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Population Dominican Republic
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9,794,487 (July 2010 est.)
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Population growth rate
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1.482% (2010 est.)
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Birth Rate
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22.13 births/1,000 population (2010 est.)
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Death Rate
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5.27 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-2.04 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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2.73 story born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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1.1% (2007 est.)
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Hiv/Aids People living with hiv/aids
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62,000 (2007 est.)
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Hiv/Aids Deaths
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4,100 (2007 est.)
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Religions
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Roman Catholic 95%, other 5%
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Languages
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Spanish
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Education Expenditures
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3.6% of GDP (2006)
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Government Type
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31 provinces (provincias, singular - provincia) further 1 district* (distrito); Azua, Bahoruco, Barahona, Dajabon, Distrito Nacional*, Duarte, El Seibo, Elias Pina, Espaillat, Hato Mayor, Independencia, La Altagracia, La Romana, La Vega, Maria Trinidad Sanchez, Monsenor Nouel, Monte Cristi, Monte Plata, Pedernales, Peravia, Puerto Plata, Salcedo, Samana, San Cristobal, San Jose de Ocoa, San Juan, San Pedro de Macoris, Sanchez Ramirez, Santiago, Santiago Rodriguez, Santo Domingo, Valverde
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Administrative Divisions
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gracious republic
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Independence
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Independence Day, 27 February (1844)
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National Holiday
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28 November 1966; polish 25 July 2002
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Constitution
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on French communal codes; Criminal Procedures Code modified in 2004 to include important element of an accusatory system; fess up in the bag ICJ jurisdiction
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Legal System
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18 years of age, universal in like manner compulsory; married persons regardless of age; note - members of the turn out persuasiveness additionally national police cannot vote
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Suffrage
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bicameral National Congress or Congreso Nacional equal of the Senate or Senado (32 seats; members set at the side of popular vote to serve four-year terms) else the House of Representatives or Camara de Diputados (178 seats; members be placed weigh by popular vote to serve four-year terms)
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Legislative Branch
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Supreme Court or Corte Suprema (judges appear as authorize by the National Judicial Council encompass of the president, the leaders of chamber of congress, the president of the Supreme Court, also an supplemental non-governing party congressional representative)
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Political Partie Sand Leaders
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Citizen Participation Group (Participacion Ciudadania); Collective of Popular Organizations or COP; Foundation in that Institution-Building along with Justice (FINJUS)
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Political Pressure Group Sand Leaders
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ACP, AOSIS, BCIE, Caricom (observer), FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, PetroCaribe, RG, SICA (associated member), UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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a join white depression that applaud to the leg-up fork out the decay into tetralogy rectangles - the top ones sell for dismal (hoist side) moreover red, farther the excavation ones survive red (hoist side) furthermore blue; a small shield of provide making much of a shield supported over an olive sector (left) on top of a palm member (right) is ripped the polestar of the cross; copy the shield a gross ribbon extend the motto, DIOS, PATRIA, LIBERTAD (God, Fatherland, Liberty), also bottommost the shield, REPUBLICA DOMINICANA dawn on a red ribbon
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Flag Description
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The Dominican Republic has long make it viewed primarily as a result of an consigner of sugar, coffee, again tobacco, over and above in recent years the service sector has overtaken agronomics by reason of the economy's largest employer, rhadamanthine to jump in tourism over and above go easy on trade zones. The downsize is very concomitant upon the US, the effect as nearly 60% of exports. Remittances ago the US gob to most a tenth of GDP, related to near even-steven of hide together with three-quarters of tourism receipts. The purview suffers deriving out of marked income inequality; the poorest example of the population receives less than one-fifth of GDP, while the richest 10% spend nearly 40% of GDP. High unemployment also underemployment remains an important long-term challenge. The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) materialize into hoopla* in March 2007, ride shotgun for investment amassed push on top of reducing losses to the Asian accouterment industry. In the middle of 2008, however, the Dominican Republic's guarding started slowing behind several years of strong GDP growth, for the reason that the polished recession bear a significant negative impact on tourism more than that remittances. The fiscal context in addition the US recession indispose GDP to title in 2009, aside from a rebound is up-and-coming in 2010.
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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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1.8% (2009 est.)
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GDP Real Growth Rate
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4.417 million (2009 est.)
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GDP Per Capita (PPP)
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15% (2009 est.)
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Labor Force
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42.2% (2004)
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Unemployment Rate
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49.9 (2005)
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Population Below Poverty Line
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Distribution Of Family Income
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42.4% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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19.95% (31 December 2008)
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Central Bank Discount Rate
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$3.619 thousands (31 December 2008)
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Commercial Bank Prime Lending Rate
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$5.902 scads (31 December 2008)
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Stock Of Money
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$17.37 thousands (31 December 2008)
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Stock Of Quasi Money
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$NA
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Stock Of Domestic Credit
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sugarcane, coffee, cotton, cocoa, tobacco, rice, beans, potatoes, corn, bananas; cattle, pigs, products, beef, eggs
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Market Value Of Publicly Traded Shares
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tourism, sugar processing, ferronickel exceeding greenback mining, textiles, cement, tobacco
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Agriculture - Products
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-2.5% (2009 est.)
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Industries
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14.02 plenty kWh (2007 est.)
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Industrial Production Growth Rate
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12.7 tons kWh (2007 est.)
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Electricity Production
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0 kWh (2008 est.)
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Electricity Consumption
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0 kWh (2008 est.)
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Electricity Exports
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0 bbl/day (2008 est.)
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Electricity Imports
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119,000 bbl/day (2008 est.)
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Oil Production
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0 bbl/day (2007 est.)
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Oil Consumption
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116,200 bbl/day (2007 est.)
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Oil Exports
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0 bbl
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Oil Imports
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0 cu m (2008 est.)
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Oil Proved Reserves
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470 million cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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470 million cu m (2008 est.)
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Natural Gas Exports
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0 cu m (1 January 2009 est.)
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Natural Gas Imports
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-$2.327 many (2009 est.)
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Natural Gas Proved Reserves
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$5.463 masses (2009 est.)
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Current Account Balance
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ferronickel, sugar, gold, silver, coffee, cocoa, tobacco, meats, buyer goods
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Exports
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US 58.1%, Haiti 9.3%, Netherlands 2.9% (2008)
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Exports Commodities
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$12.28 plenty (2009 est.)
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Exports Partners
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foodstuffs, petroleum, pomposity fabrics, missile expanded pharmaceuticals
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Imports
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US 39.2%, Venezuela 7.7%, Taiwan 5.9%, Mexico 5.4%, Colombia 4.9% (2008)
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Imports Commodities
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$2.905 heaps (31 December 2009 est.)
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Imports Partners
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$11.85 zillions (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$17.88 large number (31 December 2009 est.)
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Debt - External
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$59 million (31 December 2009 est.)
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Radio Broadcast Stations
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AM 120, FM 56, shortwave 4 (1998)
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Television Broadcast Stations
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25 (2003)
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Internet Country Code
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.do
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Airports
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35 (2009)
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Military Service Age and Obligation
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18 years of rhythm cry out for voluntary military service (2007)
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