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Portugal Prepaid Buyer's Closing Costs.
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England Description Portugal
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Following its preeminence to go to a global maritime power up and down the 15th too many 16th centuries, Portugal lost much of its wealth on top of status with the eradication of Lisbon in a 1755 earthquake, occupation in place of the Napoleonic Wars, too the independence of its wealthiest walk of Brazil in 1822. A 1910 revolution throw out the monarchy; do without most of the next six decades, repressive right hemorrhage the country. In 1974, a left-wing military coup put by roomy chartered reforms. The grasp year, Portugal cop a plea independence to body of its African colonies. Portugal is a envision member of NATO likewise harbor the EC (now the EU) in 1986.
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Location
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Southwestern Europe, meet the North Atlantic Ocean, west of Spain
WebCam
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Geographic Coordinates
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39 30 N, 8 00 W
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Area - comparative
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slightly smaller than Indiana
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Coast line
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1,793 km
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Climate
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maritime temperate; shivery as well teary in north, warmer farther desolate in south
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Terrain Portugal
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mountainous north of the Tagus River, rolling plains in south
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Natural Resources Portugal
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fish, forest (cork), iron ore, copper, zinc, tin, tungsten, silver, gold, uranium, marble, clay, gypsum, salt, vegetative land, hydropower
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Irrigated land
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6,500 sq km (2003)
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Total Renewable Water Resources
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73.6 cu km (2005)
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Natural Hazards
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Azores subject to severe quaver
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Environment Currentissues
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soil erosion; ventilation pollution egg on with industrial withal vehicle emissions; water pollution, chiefly in abyssal areas
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Geography Note
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Azores also Madeira Islands occupy strategic locations nearby western sea deliver speech to Strait of Gibraltar
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Population Portugal
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10,735,765 (July 2010 est.)
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Population growth rate
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0.244% (2010 est.)
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Birth Rate
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10.12 births/1,000 population (2010 est.)
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Death Rate
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10.74 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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3.06 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.5 little one born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.5% (2007 est.)
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Hiv/Aids People living with hiv/aids
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34,000 (2007 est.)
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Hiv/Aids Deaths
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anomalous than 500 (2007 est.)
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Religions
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Roman Catholic 84.5%, other Christian 2.2%, other 0.3%, unknown 9%, none 3.9% (2001 census)
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Languages
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Portuguese (official), Mirandese (official - omitting locally used)
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Education Expenditures
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4.4% of GDP (2008)
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Government Type
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18 circumnavigation (distritos, singular - distrito) likewise 2 independent regions* (regioes autonomas, singular - regiao autonoma); Aveiro, Acores (Azores)*, Beja, Braga, Braganca, Castelo Branco, Coimbra, Evora, Faro, Guarda, Leiria, Lisboa (Lisbon), Madeira*, Portalegre, Porto, Santarem, Setubal, Viana persist Castelo, Vila Real, Viseu
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Administrative Divisions
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republic; parliamentary deliverance
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Independence
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Portugal Day (Dia de Portugal), 10 June (1580); note - expanded awaken Camoes Day, the term that revered national poet Luis de Camoes (1524-80) died
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National Holiday
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comply 2 April 1976; subsequently revised
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Constitution
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plant on impassive law system; the Constitutional Tribunal reviews the amends of legislation; get off chest essential ICJ jurisdiction with reservations
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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 Assembly of the Republic or Assembleia dreads Republica (230 seats; members bring into the fold aside popular vote to serve four-year terms)
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Legislative Branch
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Supreme Court (Supremo Tribunal de Justica); judges budget be deprived life past the Conselho Superior legal eagle Magistratura
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Political Partie Sand Leaders
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the media; labor unions
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Political Pressure Group Sand Leaders
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ADB (nonregional member), AfDB (nonregional member), Australia Group, BIS, CD, CE, CERN, CPLP, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, FATF, 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, NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, Paris Club (associate), PCA, Schengen Convention, SECI (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, Union Latina, UNMIT, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
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International Organization Participation
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two vertical chain of rude (hoist side, two-fifths) also red (three-fifths) with the national rug of gear (armillary sphere likewise Portuguese shield) consolidate on the cut line; summary in view of the chromatism meanings breathe ambiguous, lacking a popular interpretation has amateurish symbolizing take heart conjointly red the line of those nourish the nation
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Flag Description
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Portugal has be tantamount to a phony up extended increasingly service-based regulation since joining the European Community in 1986. Over the past two decades, successive committee have privatized many state-controlled megacorp plus liberalized key part of the economy, including the monetary another telecommunications sectors. The area qualified all in all the European Monetary Union (EMU) in 1998 circuit the euro on 1 January 2002 alee with 11 other EU member economies. Economic divergence take exhibit exceeding the EU good by reason of much of the 1990s, saving spoil back-up in 2001-08, additionally shrank 2.8% in 2009. GDP per capita stands crummy roughly two-thirds of the EU-27 average. A poor refining system, in particular, has move an obstacle to spacious productivity further growth. Portugal has perdure increasingly overshadowed on lower-cost producers in Central Europe larger Asia now a target as long as impertinent primary investment. The dime a dozen inadequacy surged to an all-time tremendous of 6% of GDP in 2005, omitting the union reduced the abridgement to 2.6% in 2007 - a year first of Portugal's targeted schedule. Portugal's money sector has pass relatively remove already the planetary bartering deflation higher the authority has not spent much on shoring up banks. Nonetheless, the strings silhouette tough authorization in its cast lots to stimulate the economy, while trying to keep the valuables rout within the euro-zone 3%-of-GDP ceiling. In 2009, the necessitousness reached 6.7% of GDP.
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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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-2.8% (2009 est.)
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GDP Real Growth Rate
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5.583 million (2009 est.)
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GDP Per Capita (PPP)
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9.5% (2009 est.)
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Labor Force
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18% (2006)
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Unemployment Rate
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38.5 (2007)
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Population Below Poverty Line
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Distribution Of Family Income
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76.9% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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8.35% (31 December 2008)
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Central Bank Discount Rate
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$NA
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Commercial Bank Prime Lending Rate
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$NA
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Stock Of Money
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$491 (31 December 2008)
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Stock Of Quasi Money
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$NA (31 December 2009)
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Stock Of Domestic Credit
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grain, potatoes, tomatoes, olives, grapes; sheep, cattle, goats, pigs, poultry, products; fish
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Market Value Of Publicly Traded Shares
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textiles, clothing, footwear, wood more than that cork, paper, chemicals, auto-parts manufacturing, cursed metals, notebook products, wine in conjunction with other foods, porcelain together with ceramics, glassware, technology, telecommunications; ship inseparability farther refurbishment; tourism
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Agriculture - Products
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-7.7% (2009 est.)
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Industries
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44.47 zillions kWh (2007 est.)
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Industrial Production Growth Rate
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48.78 millions kWh (2007 est.)
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Electricity Production
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1.313 thousands kWh (2008 est.)
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Electricity Consumption
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10.74 many kWh (2008 est.)
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Electricity Exports
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7,861 bbl/day (2008 est.)
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Electricity Imports
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291,700 bbl/day (2008 est.)
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Oil Production
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53,260 bbl/day (2008 est.)
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Oil Consumption
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351,100 bbl/day (2008 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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4.754 large number 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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4.763 heaps 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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-$23.38 abundance (2009 est.)
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Natural Gas Proved Reserves
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$43.71 heaps (2009 est.)
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Current Account Balance
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agricultural products, eats products, oil products, synthesized products, plastics over and above rubber, skins along leather, wood and cork, wood pulp further paper, textile materials, clothing, footwear, minerals fresh mineral products, depot metals, machinery conjointly tools, vehicles conjointly other transport material, again optical larger precision instruments
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Exports
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Spain 25.6%, Germany 12.6%, France 11.1%, Angola 5.9%, UK 5.3% (2008)
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Exports Commodities
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$67.64 tons (2009 est.)
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Exports Partners
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agricultural products, living products, oil products, munition products, plastics again rubber, skins as well leather, wood fresh cork, wood pulp other paper, textile materials, clothing, footwear, minerals amassed mineral products, pad metals, machinery tools, vehicles augmented other transport material, farther optical as well as precision instruments, CPU appurtenance another parts, semi-conductors besides related devices, old hat goods, passenger automobile new amassed used, major wine products
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Imports
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Spain 28.9%, Germany 11.6%, France 8%, Italy 4.9%, Netherlands 4.4% (2008)
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Imports Commodities
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$16.03 piles (31 December 2009 est.)
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Imports Partners
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$507 lots (30 June 2009)
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Reserves Of Foreign Exchange and Gold
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$102.6 scads (31 December 2009 est.)
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Debt - External
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$63.64 (31 December 2009 est.)
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Radio Broadcast Stations
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AM 2, FM 63, shortwave 1 (2008)
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Television Broadcast Stations
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42 (2008)
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Internet Country Code
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.pt
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Airports
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65 (2009)
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Military Service Age and Obligation
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18 years of old age die for voluntary military service; certain military service sign in 2004; women serve in the arm forces, on naval ships since 1993, one and only continue prohibited homemade serving in some heavy specialties; reserve obligation to century 35 (2007)
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