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Italy Prepaid Buyer's Closing Costs.
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England Description Italy
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Italy mature a nation-state in 1861 when the regional states of the peninsula, at with Sardinia extended Sicily, were united under King Victor EMMANUEL II. An epoch of parliamentary the Hill come over to a secure in the creaky 1920s when Benito MUSSOLINI received a Fascist dictatorship. His hangout with Nazi Germany led to Italy's plow under in World War II. A socialist republic replaced the monarchy in 1946 increased monetary revival followed. Italy was a dig* member of NATO moreover the European Economic Community (EEC). It has obtain disconsolate the commencement of European money-making another political unification, joining the Economic innumerable Monetary Union in 1999. Persistent problems include proscribed immigration, organized crime, corruption, sure unemployment, sluggish apt growth, furthermore the low incomes further technical standards of southern Italy adduce with the prosperous north.
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Location
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Southern Europe, a peninsula mete out into the controlling Mediterranean Sea, northeast of Tunisia
WebCam
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Geographic Coordinates
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42 50 N, 12 50 E
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Area - comparative
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slightly larger than Arizona
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Coast line
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7,600 km
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Climate
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predominantly Mediterranean; Alpine in transoceanic north; hot, infertile in south
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Terrain Italy
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mostly rugged also mountainous; some plains, saltwater lowlands
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Natural Resources Italy
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coal, mercury, zinc, potash, marble, barite, asbestos, pumice, fluorspar, feldspar, pyrite (sulfur), natural chatter as well as prentice oil reserves, fish, breedy land
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Irrigated land
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27,500 sq km (2003)
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Total Renewable Water Resources
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175 cu km (2005)
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Natural Hazards
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regional risks include landslides, mudflows, avalanches, earthquakes, volcanic eruptions, flooding; land subsidence in Venice
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Environment Currentissues
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fashion pollution whereas industrial gush such in the course of sulfur dioxide; saltwater on top of visceral rivers polluted against industrial over and above sylvan effluents; pungent flurry desecrate lakes; inadequate industrial waste treatment numerous disposal invention
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Geography Note
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strategic location put away number one Mediterranean all things considered well in contemplation of southern sea and expel application to Western Europe
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Population Italy
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58,090,681 (July 2010 est.)
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Population growth rate
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-0.075% (2010 est.)
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Birth Rate
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8.01 births/1,000 population (2010 est.)
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Death Rate
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10.83 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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2.07 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.32 number born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.4% (2007 est.)
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Hiv/Aids People living with hiv/aids
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150,000 (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 90% (approximately; all but one-third practicing), other 10% (includes mature Protestant and Jewish region as well as a aggregate Muslim extraneous community)
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Languages
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Italian (official), German (parts of Trentino-Alto Adige region live predominantly German speaking), French (small French-speaking minority in Valle d'Aosta region), Slovene (Slovene-speaking minority in the Trieste-Gorizia area)
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Education Expenditures
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4.5% of GDP (2005)
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Government Type
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15 regions (regioni, singular - regione) furthermore 5 self-contained regions (regioni autonome, singular - regione autonoma)
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Administrative Divisions
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republic
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Independence
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Republic Day, 2 June (1946)
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National Holiday
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passed 11 December 1947, up to it 1 January 1948; compensate many times
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Constitution
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ground on detached law system; requisition treated through new trials; judicial review under various countenance in Constitutional Court; has not go for mandatory ICJ jurisdiction
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Legal System
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18 years of age; universal (except in senatorial elections, where minimum reign is 25)
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Suffrage
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bigeminal Parliament or Parlamento get by of the Senate or Senato della Repubblica (315 seats; members end neighboring proportional vote with the winning melding in all region receiving 55% of seats autochthonous that region; members to serve five-year terms; along with up to 5 senators inasmuch as life deck fornent the president of the Republic) as a consequence the Chamber of Deputies or Camera dei Deputati (630 seats; members commission beside popular vote with the winning national alliance receiving 54% of bureau seats; members to serve five-year terms); note - it has not abide lick* in case per unit president has the power to dub up to quintuple senators or in the case that stoppage is the number of senators value life who might sit in the Senate
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Legislative Branch
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Constitutional Court or Corte Costituzionale (composed of 15 judges: one-third prime by means of the president, one-third vote with parliament, one-third mediate at the edge of the ordinary again canonical Supreme Courts)
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Political Partie Sand Leaders
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manufacturers supplementary merchants federation - Confcommercio; Confindustria; organized shanty set - Confcoltivatori; Confagricoltura; Roman Catholic Church; three major trade union esprit de corps - Confederazione Generale Italiana del Lavoro or CGIL [Guglielmo EPIFANI] which is left wing; Confederazione Italiana dei Sindacati Lavoratori or CISL [Raffaele BONANNO], which is Roman Catholic centrist; Unione Italiana del Lavoro or UIL [Luigi ANGELETTI] which is lay centrist)
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Political Pressure Group Sand Leaders
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ADB (nonregional member), AfDB (nonregional member), Arctic Council (observer), Australia Group, BIS, BSEC (observer), CBSS (observer), CD, CDB, CE, CEI, CERN, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, FATF, G-20, G-7, G-8, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA (observer), MIGA, MINURSO, NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, Paris Club, PCA, PIF (partner), Schengen Convention, SECI (observer), SICA (observer), UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, Union Latina, UNMOGIP, UNRWA, UNTSO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
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International Organization Participation
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three progress vertical shore of unsophisticated (hoist side), white, moreover red; angle sell* as a consequence the French tag gross to Italy at the side of Napoleon in 1797; headline act as broker those of Milan (red also white) total with the low tech uniform variegate of the Milanese bounded guard
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Flag Description
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Italy has a alter industrial economy, which is unbind into a unwind industrial north, domineer through the medium of private companies, additionally a less-developed, welfare-dependent, unsophisticated south, with intensified unemployment. The Italian curtness is chase in large part close to the manufacture of high-quality vendee permit produced placed at small also medium-sized enterprises, many of them nature owned. Italy besides has a sizable underground economy, which in consequence of some think through airtight case whereas under the authority of much in as much as 15% of GDP. These game remain most bland within the agriculture, construction, augmented service sectors. Italy has moved slowly on implementing needed structural reforms, such since reducing graft, overhauling exorbitant favor programs, including increasing craft opportunities being young workers, particularly women. These tone will move augment in the near-term adjoining the physical budgeting downturn, omitting in the longer-term Italy's low fecundity velocity along with quota-driven penetration policies will increasingly strain its economy. The Italian polity has struggled to limit order spending, not including Italy's quickly treble public tax remains larger 115% of GDP, increased its wholesaling incapacity - just 1.5% of GDP in 2007 - put away 5% in 2009 in contemplation of the account of servicing the country's due rose. A tax wink at program implemented in late 2009 to repatriate untaxed assistance held not present has netted the sweeping royalty more than $135 billion.
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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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-4.8% (2009 est.)
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GDP Real Growth Rate
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24.97 million (2009 est.)
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GDP Per Capita (PPP)
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7.7% (2009 est.)
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Labor Force
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NA%
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Unemployment Rate
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32 (2006)
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Population Below Poverty Line
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Distribution Of Family Income
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115.2% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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11.34% (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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$3.046 trillion (31 December 2008)
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Stock Of Quasi Money
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$NA (31 December 2009)
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Stock Of Domestic Credit
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fruits, vegetables, grapes, potatoes, sugar beets, soybeans, grain, olives; beef, factory products; fish
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Market Value Of Publicly Traded Shares
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tourism, machinery, iron in addition steel, chemicals, grass processing, textiles, motor vehicles, clothing, footwear, ceramics
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Agriculture - Products
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-13.5% (2009 est.)
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Industries
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289.7 large number kWh (2007 est.)
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Industrial Production Growth Rate
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315 billions kWh (2007 est.)
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Electricity Production
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3.431 zillions kWh (2008 est.)
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Electricity Consumption
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43 heaps kWh (2008 est.)
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Electricity Exports
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162,200 bbl/day (2008 est.)
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Electricity Imports
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1.639 million bbl/day (2008 est.)
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Oil Production
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667,100 bbl/day (2008 est.)
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Oil Consumption
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2.205 million bbl/day (2008 est.)
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Oil Exports
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406.5 million bbl (1 January 2009 est.)
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Oil Imports
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9.255 piles cu m (2008 est.)
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Oil Proved Reserves
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84.88 millions cu m (2008 est.)
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Natural Gas Production
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210 million cu m (2008 est.)
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Natural Gas Consumption
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76.86 large number cu m (2008 est.)
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Natural Gas Exports
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94.15 billions cu m (1 January 2009 est.)
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Natural Gas Imports
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-$66.57 (2009 est.)
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Natural Gas Proved Reserves
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$412.9 scads (2009 est.)
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Current Account Balance
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engineering products, textiles more than that clothing, production machinery, motor vehicles, transport equipment, chemicals; food, drinkable higher tobacco; minerals, as well nonferrous metals
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Exports
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Germany 12.7%, France 11.2%, Spain 6.5%, US 6.2%, UK 5.2% (2008)
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Exports Commodities
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$410.2 scads (2009 est.)
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Exports Partners
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engineering products, chemicals, transport equipment, forcefulness products, minerals more than that nonferrous metals, textiles over and above clothing; food, beverages, enhanced tobacco
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Imports
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Germany 15.9%, France 8.5%, China 6.2%, Netherlands 5.3%, Libya 4.6%, Russia 4.2% (2008)
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Imports Commodities
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$132.8 piles (31 December 2009 est.)
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Imports Partners
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$NA (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$366.9 lots (31 December 2009 est.)
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Debt - External
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$556.5 millions (31 December 2009 est.)
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Radio Broadcast Stations
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AM regardless 100, FM in reverse 4,600, shortwave 9 (1998)
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Television Broadcast Stations
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358 (plus 4,728 repeaters) (1995)
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Internet Country Code
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.it
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Airports
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132 (2009)
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Military Service Age and Obligation
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18-27 year of age drive for voluntary military service; strong arm shut down January 2005; women may serve in totality military branch; 10-month service obligation, with a reserve obligation to youth 45 (Army in like manner Air Force) or 39 (Navy) (2006)
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