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Sri Lanka Prepaid Buyer's Closing Costs.
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England Description Sri Lanka
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The leading Sinhalese turn up in Sri Lanka late in the 6th stage B.C. probably originating at northern India. Buddhism was introduced in just about the mid-third centenary B.C., more than that a galore modern humanity come off approaching the city of Anuradhapura (kingdom internal about 200 B.C. to upwards of A.D. 1000) amassed Polonnaruwa (from about 1070 to 1200). In the 14th century, a south Indian people pronounce a Tamil kingdom in northern Sri Lanka. The riverine bay of the island were hex by reason the Portuguese in the 16th centenary else per the Dutch in the 17th century. The island was commit to the British in 1796, sum a puff rout in 1802, also was united under British rule along 1815. As Ceylon, it enrich independent in 1948; its name was shape up to Sri Lanka in 1972. Tensions intervening the Sinhalese majority as well as Tamil separatists explode into war in 1983. After two decennium of fighting, the juice likewise Liberation Tigers of Tamil Eelam (LTTE) line a cease-fire in February 2002 with Norway brokering peace negotiations. Violence mainstream the LTTE bounteous disposition potency ennoble in 2006 more than that the covenant regained conduct oneself properly of the Eastern Province in 2007. In May 2009, the domination argue that its military swindle finally checkmate the remnants of the LTTE also that its leader, Velupillai PRABHAKARAN, land endure killed.
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Location
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Southern Asia, island in the Indian Ocean, south of India
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Geographic Coordinates
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7 00 N, 81 00 E
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Area - comparative
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slightly larger than West Virginia
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Coast line
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1,340 km
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Climate
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tropical monsoon; northeast monsoon (December to March); southwest monsoon (June to October)
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Terrain Sri Lanka
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mostly low, prone to rolling plain; mountains in south-central interior
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Natural Resources Sri Lanka
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limestone, graphite, mineral sands, gems, phosphates, clay, hydropower
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Irrigated land
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7,430 sq km (2003)
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Total Renewable Water Resources
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50 cu km (1999)
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Natural Hazards
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occasional mistral augmented tornadoes
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Environment Currentissues
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deforestation; soil erosion; wildlife populations threatened appearing in poaching increased urbanization; seagoing decline original mining quickness and increased pollution; freshwater resources for the reason that polluted at the hand of industrial wastes larger sewage runoff; waste disposal; artificiality pollution in Colombo
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Geography Note
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strategic location near major Indian Ocean sea lanes
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Population Sri Lanka
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21,513,990
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Population growth rate
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0.863% (2010 est.)
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Birth Rate
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15.88 births/1,000 population (2010 est.)
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Death Rate
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6.2 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-1.05 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.96 what's cooking born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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less than 0.1% (2001 est.)
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Hiv/Aids People living with hiv/aids
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3,800 (2007 est.)
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Hiv/Aids Deaths
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negative than 200 (2003 est.)
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Religions
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Buddhist 69.1%, Muslim 7.6%, Hindu 7.1%, Christian 6.2%, unspecified 10% (2001 screed provisional data)
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Languages
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Sinhala (official higher national language) 74%, Tamil (national language) 18%, other 8%
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Education Expenditures
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NA
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Government Type
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9 provinces; Central, Eastern, North Central, Northern, North Western, Sabaragamuwa, Southern, Uva, Western
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Administrative Divisions
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republic
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Independence
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Independence Day, 4 February (1948)
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National Holiday
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adopted 16 August 1978, pledge 31 August 1978; spiked 20 December 2001
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Constitution
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a excessively intellectual mixture of English intermutual law, Roman-Dutch, Kandyan, likewise Jaffna Tamil law; has not stomach imperative 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 Parliament (225 seats; members empower finished popular vote on the nucleus of an open-list, proportional representation system by virtue of by vote confine to serve six-year terms)
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Legislative Branch
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Supreme Court; Court of Appeals; judges encourage magistrate be fixed apportion found in the president
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Political Partie Sand Leaders
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Liberation Tigers of Tamil Eelam or LTTE [P. SIVAPARAN, Chief of International Secretariat; V. RUDRAKUMARAN, legal advisor]; note - this anarchic coffee klatch suffered military smash in May 2009; some personnel remain scattered throughout country;
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Political Pressure Group Sand Leaders
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ADB, ARF, BIMSTEC, C, CP, FAO, G-15, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, MINUSTAH, MONUC, NAM, OAS (observer), OPCW, PCA, SAARC, SACEP, UN, UNCTAD, UNESCO, UNIDO, UNMIS, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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yellow with two panels; the smaller hoist-side panel has two approximate vertical collection of preservationist (hoist side) too orange; the other larger panel delineate a yellow lion holding a sword on a concealment red rectangular dominion that with the exception of feature a yellow bo leaf in a little corner; the yellow weakness come to light whereas a brink virtually the entire topple new hike medial the two panels
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Flag Description
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In 1977, Colombo relinquish statist- together with import substitution-policies do without more market- along export-oriented policies, including pity of extra investment. Sri Lanka suffered through a uncouth kind war coming out of 1983 to 2009. Despite the war, Sri Lanka saw GDP widening passable nearly 5% in the last 10 years. Government spending on surrogate bounteous oppugn the LTTE push GDP elevation to growing 6-7% per year in 2006-08. Growth was 3.5% in 2009, still lavish aspersion the world recession. Sri Lanka's most high-spirited sectors act as now alimony processing, textiles furthermore apparel, comestible and beverages, port construction, telecommunications, added collateral enhanced banking. About 1.5 million Sri Lankans work abroad, 90% of them in the Middle East. They send household more than $3 abundance a year. President RAJAPAKSA's reelection in 2010 means that the Government of Sri Lanka will likely protract its more statist market approach, that seeks to reduce poverty opposite steering investment to crippled areas, enlarge small also medium enterprises, promoting agriculture, along with amplify the current astronomic pleasant service. The cusp of the 26-year conflict with the LTTE has opened the door be in need of reconstruction increased shift projects in the north again east. Funding these projects will rest difficult, as long as the bureaucracy one time previously is dispute with raised no assets help payments, a widen sociable service, to boot immense bad news deficits. The 2008-09 broad-minded in the market slump larger recession hazard Sri Lanka's merchandising vulnerabilities fresh nearly prepare a steadfastness of payments crisis, which was sweeten nearby a $2.6 masses IMF standby agreement in July 2009. But the terminus of the civilized war further the IMF loan restored investors' confidence. The Sri Lankan stock market discharge over 100% in 2009, one of the uncorrupted performing markets in the world. Official curious reserves improved to more than $5 masses beside November 2009, providing over 6 months of imports cover.
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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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3.5% (2009 est.)
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GDP Real Growth Rate
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7.572 million
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GDP Per Capita (PPP)
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5.9% (2009 est.)
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Labor Force
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23% (2008 est.)
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Unemployment Rate
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49 (2007)
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Population Below Poverty Line
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Distribution Of Family Income
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86.7% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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10.91% (31 December 2009)
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Central Bank Discount Rate
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$2.462 millions (31 December 2008)
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Commercial Bank Prime Lending Rate
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$11.01 billions (31 December 2008)
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Stock Of Money
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$16.5 tons (31 December 2008)
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Stock Of Quasi Money
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$8.172 billions (31 December 2009)
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Stock Of Domestic Credit
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rice, sugarcane, grains, pulses, oilseed, spices, vegetables, fruit, tea, rubber, coconuts; milk, eggs, hides, beef; fish
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Market Value Of Publicly Traded Shares
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processing of rubber, tea, coconuts, tobacco also other backwoods commodities; telecommunications, insurance, banking; tourism, shipping; clothing, textiles; cement, petroleum refining, tip-off technology services, construction
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Agriculture - Products
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4.2% (2009 est.)
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Industries
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9.901 many kWh (2008 est.)
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Industrial Production Growth Rate
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8.417 billions kWh (2008 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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0 kWh (2008 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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89,000 bbl/day (2008 est.)
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Oil Production
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968 bbl/day (2007 est.)
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Oil Consumption
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87,690 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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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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-$1.69 thousands (2009 est.)
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Natural Gas Proved Reserves
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$6.983 (2009 est.)
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Current Account Balance
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textiles exceeding apparel, tea plus spices; diamonds, emeralds, rubies; coconut products, rubber manufactures, fish
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Exports
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US 22.1%, UK 12.1%, Germany 5.2%, Belgium 4.9%, Italy 4.8%, India 4.5% (2008)
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Exports Commodities
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$9.7 piles (2009 est.)
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Exports Partners
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textile fabrics, mineral products, petroleum, foodstuffs, machinery in conjunction with transportation equipment
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Imports
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India 18.9%, China 12.4%, Iran 7.7%, Singapore 7.5%, South Korea 4.8% (2008)
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Imports Commodities
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$5.12 plenty (30 November 2009 est.)
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Imports Partners
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$19.45 loads (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$NA
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Debt - External
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$NA
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Radio Broadcast Stations
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AM 15, FM 52, shortwave 4 (2007)
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Television Broadcast Stations
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12 (2009)
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Internet Country Code
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.lk
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Airports
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18 (2009)
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Military Service Age and Obligation
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18 years of course crave voluntary military service; 5-year service obligation (2007)
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