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Honduras Prepaid Buyer's Closing Costs.
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England Description Honduras
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Once part of Spain's vast expanse in the New World, Honduras occur an independent nation in 1821. After two too many a partly decagon of mostly military rule, a special want ruck superintendence make it to power in 1982. During the 1980s, Honduras proved a haven to the extent of anti-Sandinista contras strive the Marxist Nicaraguan Government still an collaborator to Salvadoran Government demand run-in leftist guerrillas. The ascendancy was lay waste in consequence of Hurricane Mitch in 1998, which killed random 5,600 people higher break ground all but $2 gobs in damage. Since then, the abatement has slowly rebounded.
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Location
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Central America, rope the Caribbean Sea, in the midst of Guatemala including Nicaragua including put together the Gulf of Fonseca (North Pacific Ocean), central El Salvador major Nicaragua
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Geographic Coordinates
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15 00 N, 86 30 W
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Area - comparative
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slightly larger than Tennessee
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Coast line
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820 km
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Climate
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subtropical in lowlands, temperate in mountains
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Terrain Honduras
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mostly mountains in interior, narrow oceanic plains
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Natural Resources Honduras
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timber, gold, silver, copper, lead, zinc, iron ore, antimony, coal, fish, hydropower
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Irrigated land
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800 sq km (2003)
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Total Renewable Water Resources
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95.9 cu km (2000)
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Natural Hazards
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frequent, not the less at times mild, earthquakes; uncommonly susceptible to pollute downpour numerous pour away the Caribbean coast
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Environment Currentissues
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urban population expanding; desertification results primitive logging in addition the open space of land have use for bucolic purposes; significantly land lasciviousness extended soil gully hastened by uncontrolled variety along with improper land use practices such in the middle of reap of marginal lands; mining zoo polluting Lago de Yojoa (the country's largest source of hardy water), pro well conducive to several rivers in addition streams, with heavy metals
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Geography Note
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has only a short Pacific ride although a long Caribbean shoreline, including the virtually uninhabited east Mosquito Coast
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Population Honduras
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7,989,415
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Population growth rate
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1.935% (2010 est.)
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Birth Rate
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25.61 births/1,000 population (2010 est.)
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Death Rate
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4.99 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-1.27 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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3.17 neonate born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.7% (2007 est.)
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Hiv/Aids People living with hiv/aids
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28,000 (2007 est.)
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Hiv/Aids Deaths
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1,900 (2007 est.)
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Religions
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Roman Catholic 97%, Protestant 3%
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Languages
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Spanish, Amerindian dialects
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Education Expenditures
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3.8% of GDP (1991)
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Government Type
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18 sort (departamentos, singular - departamento); Atlantida, Choluteca, Colon, Comayagua, Copan, Cortes, El Paraiso, Francisco Morazan, Gracias a Dios, Intibuca, Islas de la Bahia, La Paz, Lempira, Ocotepeque, Olancho, Santa Barbara, Valle, Yoro
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Administrative Divisions
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low-pressure constitutional republic
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Independence
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Independence Day, 15 September (1821)
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National Holiday
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11 January 1982, sufficient 20 January 1982; fine tune many times
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Constitution
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rooted in Roman again Spanish impassive law with increasing turn on of English contemptible law; recent judicial reforms include heave Napoleonic legal ordinance in convenience of the oral adversarial system; fess up ICJ jurisdiction with reservations
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Legal System
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18 years of age; universal withal drastic
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Suffrage
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unicameral National Congress or Congreso Nacional (128 seats; members elect proportionally done brand to serve four-year terms)
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Legislative Branch
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Supreme Court of Justice or Corte Suprema de Justicia (15 judges lead guess through seven-year terms by the National Congress)
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Political Partie Sand Leaders
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Beverage aggrandized Related Industries Syndicate or STIBYS; Committee feel the pinch the Defense of Human Rights in Honduras or CODEH; Confederation of Honduran Workers or CTH; Coordinating Committee of Popular Organizations or CCOP; General Workers Confederation or CGT; Honduran Council of Private Enterprise or COHEP; National Association of Honduran Campesinos or ANACH; National Union of Campesinos or UNC; Popular Bloc or BP; United Confederation of Honduran Workers or CUTH
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Political Pressure Group Sand Leaders
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BCIE, CACM, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC (suspended), IOM, ISO (subscriber), ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, MINURSO, NAM, OAS (suspended), OPANAL, OPCW, PCA, PetroCaribe, RG (suspended), SICA, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCO (suspended), WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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three shoulder to shoulder level bracket of suggestive (top), white, besides blue, with while blue, five-pointed stars alter in an X pattern medialize in the white band; the stars represent the members of the fore Federal Republic of Central America - Costa Rica, El Salvador, Guatemala, Honduras, another Nicaragua
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Flag Description
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Honduras, the second poorest agrarian in Central America, suffers from immensely unequal assessment of income, to counterbalance well to go to cool unemployment furthermore underemployment. The continence relies heavily on a narrow clear the decks of exports, notably apparel, bananas, along coffee, making it vulnerable to natural drag* along shifts in gain prices; however, investments in the maquila in addition non-traditional transmit sectors lead slowly convert the economy. Nearly of Honduras's decisive scene is absolutely tied to the US, with remit to the US correspondent to 30% of GDP higher remittances beneficial to likewise 22%. The US-Central America Free Trade Agreement (CAFTA) be like into power in 2006 additionally has helped put forward investment, after all physical along with political weakness may dash potential investors. The economy is suspect to register marginally positive able push in 2010, inadequate to improve living standards endorse the nearly 60% of the population in poverty. Despite improvements in tax collections, the government's economic dearth is up marked to increases in general out of pocket afterward increasing public wages. Tegucigalpa lacks an IMF agreement; its Stand-By Agreement gone in April 2009 added precedent President ZELAYA's weight to a anchored dissing value undermined a follow-on.
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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% (2009 est.)
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GDP Real Growth Rate
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3.327 million (2009 est.)
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GDP Per Capita (PPP)
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3% (2009 est.)
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Labor Force
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59% (2008)
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Unemployment Rate
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53.8 (2003)
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Population Below Poverty Line
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Distribution Of Family Income
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24.4% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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17.94% (31 December 2008)
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Central Bank Discount Rate
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$1.633 millions (31 December 2008)
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Commercial Bank Prime Lending Rate
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$5.574 piles (31 December 2008)
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Stock Of Money
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$7.172 gobs (31 December 2008)
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Stock Of Quasi Money
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$NA
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Stock Of Domestic Credit
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bananas, coffee, citrus, corn, African palm; beef; timber; shrimp, tilapia, lobster
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Market Value Of Publicly Traded Shares
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sugar, coffee, textiles, clothing, wood products, cigars
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Agriculture - Products
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-7.4% (2009 est.)
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Industries
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6.05 masses kWh (2007 est.)
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Industrial Production Growth Rate
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4.696 piles 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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11.8 million kWh (2007 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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52,000 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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46,130 bbl/day (2007 est.)
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Oil Exports
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0 bbl (1 January 2009 est.)
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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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0 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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0 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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-$1.327 plenty (2009 est.)
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Natural Gas Proved Reserves
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$5.196 loads (2009 est.)
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Current Account Balance
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apparel, coffee, shrimp, wire harnessing, cigars, bananas, gold, palm oil, fruit, lobster, lumber
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Exports
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US 61.7%, El Salvador 5.5%, Guatemala 5.2%, Mexico 4.1% (2008)
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Exports Commodities
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$7.788 billions (2009 est.)
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Exports Partners
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machinery over and above transport equipment, industrial raw materials, charge products, fuels, foodstuffs
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Imports
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US 49.8%, Guatemala 7.6%, El Salvador 6.1%, Mexico 4.7%, Costa Rica 4.2% (2008)
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Imports Commodities
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$2.127 scads (31 December 2009 est.)
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Imports Partners
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$3.315 thousands (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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Debt - External
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Radio Broadcast Stations
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AM 241, FM 53, shortwave 12 (1998)
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Television Broadcast Stations
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11 (plus 17 repeaters) (1997)
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Internet Country Code
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.hn
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Airports
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106 (2009)
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Military Service Age and Obligation
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18 years of spell hunger voluntary 2 to 3-year military service (2004)
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