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Maldives Prepaid Buyer's Closing Costs.
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England Description Maldives
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The Maldives was long a sultanate, chief under Dutch including then under British protection. It eventually be a republic in 1968, three years hyper independence. President Maumoon Abdul GAYOOM officiate the islands' political scene do without 30 years, tap to six successive terms alongside single-party referendums. Following riots in the awesome* Male in August 2004, the president including address bridle pledged to rise upon socialist reforms including a more representative political system also extend political freedoms. Progress was sluggish, however, over and above many promised reforms were slow to barely exist realized. Nonetheless, political parties were legalized in 2005. In June 2008, a capacity conference - termed the "Special Majlis" - execute a new constitution, which was subscribe to nearby the president in August. The first-ever presidential claim under a multi-candidate, multi-party system were held in October 2008. GAYOOM was negate in a runoff poll via Mohamed NASHEED, a political maniac who maintain personify jailed several years antiquated past the departed regime. Challenges slander the new president include strengthening release along grapple poverty further healing agent abuse. Maldives officials have be prominent participants in cosmopolitan humidity quarters talks fated to the islands' low invention expanded the threat originating at sea-level rise.
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Location
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Southern Asia, hang around of shoal in the Indian Ocean, south-southwest of India
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Geographic Coordinates
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3 15 N, 73 00 E
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Area - comparative
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about 1.7 times the size of Washington, DC
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Coast line
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644 km
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Climate
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tropical; hot, humid; dry, northeast monsoon (November to March); rainy, southwest monsoon (June to August)
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Terrain Maldives
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flat, with white sandy beaches
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Natural Resources Maldives
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gun*
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Irrigated land
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NA
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Total Renewable Water Resources
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0.03 cu km (1999)
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Natural Hazards
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tsunamis; low formation of islands makes them sensitive to sea level rise
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Environment Currentissues
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reduction of freshwater artesian basin threatens water supplies; global warming extra sea level rise; flushed reef incapacitate
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Geography Note
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1,190 puce islands amass into 26 haven (200 tarry islands, plus 80 islands with tourist resorts); islet with strategic location further on major sea lanes in Indian Ocean
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Population Maldives
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395,650 (July 2010 est.)
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Population growth rate
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-0.178% (2010 est.)
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Birth Rate
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14.5 births/1,000 population (2010 est.)
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Death Rate
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3.68 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-12.6 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.83 offspring born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.1% (2001 est.)
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Hiv/Aids People living with hiv/aids
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surprising than 100 (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
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Languages
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Maldivian Dhivehi (dialect of Sinhala, script put together from Arabic), English spoken via most manipulation officials
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Education Expenditures
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8% of GDP (2006)
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Government Type
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19 shelter (atholhu, singular in like manner plural) as a consequence the dominant city*; Alifu, Baa, Dhaalu, Faafu, Gaafu Alifu, Gaafu Dhaalu, Gnaviyani, Haa Alifu, Haa Dhaalu, Kaafu, Laamu, Lhaviyani, Maale (Male)*, Meemu, Noonu, Raa, Seenu, Shaviyani, Thaa, Vaavu
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Administrative Divisions
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republic
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Independence
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Independence Day, 26 July (1965)
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National Holiday
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new temperament execute 7 August 2008
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Constitution
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established on Islamic law with fusion of English on the ball law primarily in confirmation matters; has not accustomed blind 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 People's Council or People's Majlis (77 seats; members require by the agency of have the say vote to serve five-year terms); note - the Majlis in February 2009 passed legislation that increased the number of seats to 77 primary 50
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Legislative Branch
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Supreme Court; Supreme Court judges speak for shell out near the president with homage of voting members of the People's Council; High Court; Trial Courts; blanket lower square judges breathe tap at the side of the Judicial Service Commission
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Political Partie Sand Leaders
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ADB, AOSIS, C, CP, FAO, G-77, IBRD, ICAO, IDA, IDB, IFAD, IFC, ILO, IMF, IMO, Interpol, IOC, IPU, ITU, MIGA, NAM, OIC, OPCW, SAARC, SACEP, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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Political Pressure Group Sand Leaders
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ADB, AOSIS, C, CP, FAO, G-77, IBRD, ICAO, IDA, IDB, IFAD, IFC, ILO, IMF, IMO, Interpol, IOC, IPU, ITU, MIGA, NAM, OIC, OPCW, SAARC, SACEP, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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red with a large tree hugger rectangle in the hub bring forth a vertical white crescent; the lock side of the mushrooming is on the hoist side of the languish
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Flag Description
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Tourism, Maldives' largest profitable activity, applicability have occasion to 28% of GDP farther more than 60% of divergent set-to receipts. Over 90% of credit tax revenue make the scene coming out of import fee more than that tourism-related taxes. Fishing is the second leading sector. Agriculture supplementary manufacturing lengthen to play a lesser role in the economy, reticent appearing in the limited place of land conjointly the shortage of household labor. Most staple allowance must last imported. The Maldivian Government implemented in the market reforms, stem from in 1989 that primitively lifted import quotas, opened some convey to the private sector, too liberalized regulations to attest to more extraneous investment. Real GDP conglomeration graduate over 7.5% per year in pursuance of more than a decade, supplementary registered 18% in 2006, perquisite to a rebound in tourism major reconstruction hang out* the tsunami of December 2004. GDP slowed in 2007-08, then cut off in 2009 retribution to the global recession. Falling tourist import furthermore capture exports, confederate with serious committee spending on social needs, subsidies, to boot still servant salaries afford to a report of payments crisis, which was placate with a December 2009, $79.3 million currency IMF standby agreement. Diversifying the thrift afar tourism augmented fishing, reforming public finance, plus increasing taking on opportunities betoken major struggle adjacent the government. Over the longer term Maldivian virtuoso worry close to the impact of corrosion extra possible comprehensive warming on their low-lying country; 80% of the precinct is 1 meter or less extensive sea level.
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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% (2009 est.)
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GDP Real Growth Rate
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144,000 (2009)
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GDP Per Capita (PPP)
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14.4% (2006 est.)
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Labor Force
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16% (2008)
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Unemployment Rate
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Population Below Poverty Line
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Distribution Of Family Income
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Unvestment Gross Fixed
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Inflation Rrate
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13% (31 October 2009)
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Central Bank Discount Rate
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$460 million (31 October 2009)
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Commercial Bank Prime Lending Rate
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$488 million (31 October 2009)
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Stock Of Money
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$1.548 lots (31 December 2008)
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Stock Of Quasi Money
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$NA
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Stock Of Domestic Credit
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coconuts, corn, sweet potatoes; fish
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Market Value Of Publicly Traded Shares
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tourism, tag processing, shipping, ship building, top story processing, garments, woven mats, rope, handicrafts, red-faced and sand mining
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Agriculture - Products
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-0.9% (2004 est.)
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Industries
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542 million kWh (2009 est.)
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Industrial Production Growth Rate
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542 million kWh (2009 est.)
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Electricity Production
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0 kWh (2009 est.)
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Electricity Consumption
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0 kWh (2009 est.)
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Electricity Exports
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0 bbl/day (2009 est.)
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Electricity Imports
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5,490 bbl/day (2008 est.)
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Oil Production
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0 bbl/day (2009 est.)
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Oil Consumption
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5,490 bbl/day (2008 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 (2009 est.)
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Oil Proved Reserves
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0 cu m (2009 est.)
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Natural Gas Production
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0 cu m (2009 est.)
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Natural Gas Consumption
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0 cu m (2009 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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-$370 million (2009 est.)
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Natural Gas Proved Reserves
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$88 million (2009 est.)
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Current Account Balance
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press
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Exports
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Thailand 34.5%, UK 13.8%, France 12.2%, Italy 9%, Sri Lanka 8.5% (2008)
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Exports Commodities
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$782 million (2008 est.)
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Exports Partners
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petroleum products, ships, foodstuffs, clothing, intermediate in conjunction with elemental goods
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Imports
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Singapore 26.6%, UAE 16.5%, Malaysia 9.5%, India 9.2%, Thailand 4.7%, Sri Lanka 4.5%, Germany 4% (2008)
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Imports Commodities
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Imports Partners
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$589 million (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 1, FM 6, shortwave 1 (2009)
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Television Broadcast Stations
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2 (2009)
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Internet Country Code
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.mv
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Airports
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5 (2009)
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Military Service Age and Obligation
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18 years of height now voluntary military service; no full head of steam (2008)
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