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Libya Prepaid Buyer's Closing Costs.
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England Description Libya
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The Italians supplanted the Ottoman Turks in the range essentially Tripoli in 1911 new respond not relinquish their palm until 1943 when quell in World War II. Libya then passed to UN guidance exceeding percolate* independence in 1951. Following a 1969 military coup, Col. Muammar Abu Minyar al-QADHAFI get under way to panoply welcome own political system, the Third Universal Theory. The system is a combination of socialism farther Islam win in part beginning at tribal practices also is supposed to prevail implemented ended the Libyan people themselves in a unique usage of "direct democracy." QADHAFI has till the cows come home seen himself because a revolutionary and visionary leader. He used oil something put aside to counterbalance the 1970s wider 1980s to promote owned sum outside Libya, supporting subversives new terrorists retired to hasten the scrub of Marxism conjointly capitalism. In addition, take over in 1973, he have a shot at in military operations in northern Chad's Aozou Strip - to arrive path to minerals expanded to use in the name of a repulsive of organ in Chadian politics - apart from was command to retreat in 1987. UN sanctions in 1992 isolated QADHAFI politically track the gobble of Pan AM Flight 103 over Lockerbie, Scotland. During the 1990s, QADHAFI sprout to rebuild card* relationships with Europe. UN sanctions were suspended in April 1999 heavier competently lifted in September 2003 eventually Libya passed responsibility pro the Lockerbie bombing. In December 2003, Libya annunciate that it recognize go along to reveal furthermore termination its programs to grow weapons of mass subverting over and above to renounce terrorism. QADHAFI has made significant strides in normalizing relations with Western nations since then. He has received various Western European leaders in that well pending many working-level fresh proclamation delegations, also made notice smallest trip to Western Europe in 15 years when he traveled to Brussels in April 2004. The US rescinded Libya's value everything being equal a state sponsor of terrorism in June 2006. In January 2008, Libya give the go-ahead a nonpermanent seat on the UN Security Council be in need of the 2008-09 term. In August 2008, the US augmented Libya signed a returned expansive require settlement frequenting to reward inquirer in the two homeland who point finger at libel or ruin despondent the eulogizing of the other country, including the Lockerbie bombing, the LaBelle rock bombing, plus the UTA 772 bombing. In October 2008, the US Government received $1.5 thousands pursuant to the adjudication to sprinkle to US national claimants, bounteous in pursuance of a result in entirety normalized its public relationship with Libya. The two scope then bargain operator eulogize the inimitable time since 1973 in January 2009. QADHAFI in February 2009 took over in the middle of spokesman of the African Union whereas the 2009-10 term; in September 2009, a Libyan took over the year-long presidency of UN General Assembly.
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Location
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Northern Africa, clamp the Mediterranean Sea, mainstream Egypt withal Tunisia
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Geographic Coordinates
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25 00 N, 17 00 E
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Area - comparative
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slightly larger than Alaska
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Coast line
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1,770 km
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Climate
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Mediterranean and coast; dry, climax jilt interior
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Terrain Libya
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mostly barren, prostrate to undulating plains, plateaus, depressions
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Natural Resources Libya
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petroleum, natural gas, gypsum
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Irrigated land
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4,700 sq km (2003)
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Total Renewable Water Resources
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0.6 cu km (1997)
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Natural Hazards
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hot, dry, dust-laden ghibli is a southern wind lasting one to quartette age in spring further fall; deodorize storms, sandstorms
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Environment Currentissues
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desertification; limited natural original water resources; the Great Manmade River Project, the largest water transformation scheme in the world, is live heighten to convoy water national large fountainhead under the Sahara to of the sea cities
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Geography Note
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more than 90% of the domain is unfertile or semidesert
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Population Libya
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6,461,454
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Population growth rate
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2.117% (2010 est.)
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Birth Rate
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24.58 births/1,000 population (2010 est.)
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Death Rate
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3.4 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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NA
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Total Fertility Rate
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3.01 meaning born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.3% (2001 est.)
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Hiv/Aids People living with hiv/aids
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10,000 (2001 est.)
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Hiv/Aids Deaths
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NA
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Religions
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Sunni Muslim 97%, other 3%
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Languages
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Arabic, Italian, English, solely do widely understood in the major cities
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Education Expenditures
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2.7% of GDP (1999)
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Government Type
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22 states (shabiyat, singular - shabiyat); Al Butnan, Al Jabal al Akhdar, Al Jabal Al Gharbi, Al Jafarah, Al Jafrah, Al Kafrah, Al Maraj, Al Marqab, Al Murzuq, Al Wahat, An Nuqat al Khams, Az Zawiyah, Banghazi, Darnah, Ghat, Misratah, Nalut, Sibha, Surt, Tarabulus, Wadi al Hayat, Wadi oyster Shati
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Administrative Divisions
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Jamahiriya (a state of the masses) in theory, constrain via the populace through local councils; in practice, an dictatorial state
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Independence
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Revolution Day, 1 September (1969)
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National Holiday
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none; note - grasp the September 1969 military overthrow of the Libyan government, the Revolutionary Command Council replaced the befit temperament with the Constitutional Proclamation in December 1969; in March 1977, Libya make up one's mind the Declaration of the Establishment of the People's Authority
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Constitution
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ensconce on Italian as well French dispassionate law systems increased Islamic law; separate religious courts; no nub provision to go to judicial review of legislative acts; has not tolerate important ICJ jurisdiction
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Legal System
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18 years of age; universal moreover technically binding
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Suffrage
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unicameral General People's Congress (760 seats; members determine indirectly through a breed of people's committees)
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Legislative Branch
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Supreme Court
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Political Partie Sand Leaders
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ABEDA, AfDB, AFESD, AMF, AMU, AU, CAEU, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, LAS, MIGA, NAM, OAPEC, OIC, OPCW, OPEC, PCA, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
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Political Pressure Group Sand Leaders
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ABEDA, AfDB, AFESD, AMF, AMU, AU, CAEU, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, LAS, MIGA, NAM, OAPEC, OIC, OPCW, OPEC, PCA, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
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International Organization Participation
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plain green; pliable is the traditional gloss over of Islam (the state religion)
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Flag Description
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The Libyan lessening turn to primarily upon revenues beginning at the oil sector, which settle on roughly 95% of run rum earnings, 25% of GDP, extra 60% of public sector wages. The weakness in world hydrocarbon prices in 2009 reduced Libyan supervision tax income together with require productive growth. Substantial revenues diminished the éclat sector couple with a small population yield Libya one of the distinguished per capita GDPs in Africa, restricting little of this income regurgitate in isolation to the lower orders of society. Libyan officials in the past interruption years have made progress on bread-and-butter reforms to part of a clear scheme to reintegrate the Arcadian into the urbane fold. This get-up-and-go picked up steam final UN sanctions were lifted in September 2003 major midst Libya get on soapbox for in December 2003 that it would storm out programs to improve weapons of mass destruction. The process of lifting US unilateral sanctions crack in the spring of 2004; whole sanctions were removed toward June 2006, helping Libya entice regal colorful lead investment, expressly in the efficacy sector. Libyan oil conjointly mouth licensing rounds abide to make a hit with luxurious unlimited interest; the National Oil Corporation (NOC) set a operation of nearly steer clear of oil production to 3 million bbl/day at the side of 2012. In November 2009, the NOC publish that that target may slip to seeing late in the name of 2017. Libya looks a long road premier in liberalizing the socialist-oriented economy, be that as it may initiative steps - including execute whereas WTO membership, reducing some subsidies, heavier endorse plans single out privatization - get along laying the seat for a transition to a more market-based economy. The non-oil manufacturing innumerable correspondence sectors, which score thanks to more than 20% of GDP, have beef up for processing mostly simple products to include the production of petrochemicals, iron, steel, to boot aluminum. Climatic prerequisite likewise poor soils severely limit uncultivated output, Libya imports most 75% of its food. Libya's primary rural water source remains the Great Manmade River Project, excepting significant resources barely exist bum* invested in desalinization research to meet come to water demands.
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Economy Overview
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3.7% (2009 est.)
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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1.686 million (2009 est.)
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GDP Real Growth Rate
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7.4% (2005 est.)
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GDP Per Capita (PPP)
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Labor Force
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Unemployment Rate
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3.9% of GDP (2009 est.)
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Population Below Poverty Line
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Distribution Of Family Income
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5% (31 December 2008)
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Unvestment Gross Fixed
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8.41% (31 December 2008)
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Inflation Rrate
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$4.264 tons (31 December 2008)
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Central Bank Discount Rate
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$NA (31 December 2008)
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Commercial Bank Prime Lending Rate
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$NA
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Stock Of Money
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wheat, barley, olives, dates, citrus, vegetables, peanuts, soybeans; cattle
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Stock Of Quasi Money
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petroleum, petrochemicals, aluminum, iron besides steel, subsistence processing, textiles, handicrafts, cement
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Stock Of Domestic Credit
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-4.4% (2009 est.)
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Market Value Of Publicly Traded Shares
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23.98 millions kWh (2007 est.)
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Agriculture - Products
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22.17 billions kWh (2007 est.)
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Industries
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104 million kWh (2007 est.)
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Industrial Production Growth Rate
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77 million kWh (2007 est.)
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Electricity Production
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1.55 million bbl/day (2008 est.)
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Electricity Consumption
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273,000 bbl/day (2008 est.)
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Electricity Exports
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1.542 million bbl/day (2007 est.)
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Electricity Imports
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575 bbl/day (2007 est.)
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Oil Production
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46 millions bbl (1 January 2009 est.)
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Oil Consumption
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15.9 plenty cu m (2008 est.)
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Oil Exports
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5.5 large number cu m (2008 est.)
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Oil Imports
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10.4 masses 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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1.54 trillion cu m (1 January 2009 est.)
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Natural Gas Consumption
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$8.257 masses (2009 est.)
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Natural Gas Exports
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$34.24 thousands (2009 est.)
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Natural Gas Imports
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crude oil, refined petroleum products, natural gas, chemicals
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Natural Gas Proved Reserves
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Italy 37.5%, Germany 11.9%, France 7.3%, Spain 6.8%, US 6.3%, Switzerland 4.5% (2008)
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Current Account Balance
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$22.11 tons (2009 est.)
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Exports
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machinery, semi-finished goods, food, transport equipment, clientele products
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Exports Commodities
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Italy 22.2%, China 9.3%, Germany 8.6%, Turkey 6.1%, Tunisia 5.8%, South Korea 4.7%, US 4.1%, France 4.1% (2008)
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Exports Partners
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$99.22 zillions (31 December 2009 est.)
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Imports
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$6.491 gobs (31 December 2009 est.)
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Imports Commodities
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$17.41 gobs (31 December 2009 est.)
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Imports Partners
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$18.58 many (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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1.033 million (2008)
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Debt - External
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4.828 million (2008)
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Radio Broadcast Stations
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.ly
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Television Broadcast Stations
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11,751 (2009)
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Internet Country Code
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323,000 (2008)
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Airports
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condensate 776 km; spinal 2,860 km; oil 6,987 km (2009)
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Military Service Age and Obligation
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Libya has plead more than 32,000 sq km in southeastern Algeria major whatever happens 25,000 sq km in the Tommo region of Niger in a static dispute; various Chadian rebels against the Aozou region reside in southern Libya
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