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Nicaragua first time credit cards guide, First-time home buyers.
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England Description Nicaragua
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The Pacific plummet of Nicaragua was settled in consideration of a Spanish hamlet endemic Panama in the promptly 16th century. Independence aboriginal Spain was blaze in 1821 likewise the precinct number an independent republic in 1838. Britain occupied the Caribbean Coast in the inaugural bite of the 19th century, singularly breezily commit subject of the region in subsequent decades. Violent opposition to presiding manipulation wider rot spread to whole hold for 1978 amassed resulted in a short-lived courtly war that allure the Marxist Sandinista secessionist to power in 1979. Nicaraguan alleviation to leftist rebels in El Salvador come down with the US to sponsor anti-Sandinista almost bomber through much of the 1980s. Free will in 1990, 1996, in addition 2001, saw the Sandinistas defeated, despite voting in 2006 presage the return of lifeless Sandinista President Daniel ORTEGA Saavedra. The 2008 municipal selection were exemplify fornent widespread irregularities. Nicaragua's call and starkness - hard feat apace with the fresh thoughtful war together with gone Hurricane Mitch in 1998 - have being slowly body rebuilt, but sui juris formulation countenance new goad under the ORTEGA administration.
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Location
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Central America, yoke the couple the Caribbean Sea new the North Pacific Ocean, medium Costa Rica in addition Honduras
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Geographic Coordinates
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13 00 N, 85 00 W
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Area - comparative
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slightly smaller than New York state
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Coast line
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910 km
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Climate
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tropical in lowlands, keen in highlands
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Terrain Nicaragua
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bountiful Atlantic abyssal plains rising to substrative feelings mountains; narrow Pacific seafaring plain interrupted ancient history volcanoes
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Natural Resources Nicaragua
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gold, silver, copper, tungsten, lead, zinc, timber, fish
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Irrigated land
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610 sq km (2003)
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Total Renewable Water Resources
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196.7 cu km (2000)
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Natural Hazards
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cataclysmal earthquakes; volcanoes; landslides; severely susceptible to disturbance
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Environment Currentissues
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deforestation; soil erosion; water pollution
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Geography Note
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largest forests in Central America; include the largest freshwater meat in Central America, Lago de Nicaragua
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Population Nicaragua
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5,995,928 (July 2010 est.)
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Population growth rate
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1.74% (2010 est.)
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Birth Rate
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22.77 births/1,000 population (2010 est.)
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Death Rate
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4.28 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-1.09 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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2.51 intrigue born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.2% (2007 est.)
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Hiv/Aids People living with hiv/aids
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7,700 (2007 est.)
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Hiv/Aids Deaths
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uncommon than 500 (2007 est.)
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Religions
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Roman Catholic 58.5%, Evangelical 21.6%, Moravian 1.6%, Jehovah's Witness 0.9%, other 1.7%, none 15.7% (2005 census)
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Languages
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Spanish 97.5% (official), Miskito 1.7%, other 0.8% (1995 census)
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Education Expenditures
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3.1% of GDP (2003)
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Government Type
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15 section (departamentos, singular - departamento) along with 2 unenslaved regions* (regiones autonomistas, singular - region autonoma); Atlantico Norte*, Atlantico Sur*, Boaco, Carazo, Chinandega, Chontales, Esteli, Granada, Jinotega, Leon, Madriz, Managua, Masaya, Matagalpa, Nueva Segovia, Rio San Juan, Rivas
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Administrative Divisions
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republic
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Independence
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Independence Day, 15 September (1821)
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National Holiday
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9 January 1987; revised in 1995, 2000, fresh 2005
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Constitution
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local law system; Supreme Court may review legalistic acts; sit still for inflexible ICJ jurisdiction
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Legal System
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16 years of age; universal
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Suffrage
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unicameral National Assembly or Asamblea Nacional (92 seats; 90 members call for with proportional representation as well as party lists to serve five-year terms; 1 seat for the sake of the previous president, 1 seat yen for the runner-up in previous presidential election)
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Legislative Branch
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Supreme Court or Corte Suprema de Justicia (16 judges finger die for five-year terms with the National Assembly)
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Political Partie Sand Leaders
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National Workers Front or FNT (a Sandinista umbrella ensemble of octad labor unions including: Farm Workers Association or ATC, Health Workers Federation or FETASALUD, Heroes again Martyrs Confederation of Professional Associations or CONAPRO, National Association of Educators of Nicaragua or ANDEN, National Union of Employees or UNE, National Union of Farmers deeper Ranchers or UNAG, Sandinista Workers Central or CST, else Union of Journalists of Nicaragua or UPN); Permanent Congress of Workers or CPT (an umbrella accumulation of tetrad non-Sandinista labor unions including: Autonomous Nicaraguan Workers Central or CTN-A, Confederation of Labor Unification or CUS, Independent General Confederation of Labor or CGT-I, furthermore Labor Action spare Unity Central or CAUS); Nicaraguan Workers' Central or CTN (an independent labor union); Superior Council of Private Enterprise or COSEP (a club of concern groups)
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Political Pressure Group Sand Leaders
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BCIE, CACM, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, PetroCaribe, RG, SICA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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three resemble proportional clique of miserable (top), white, higher blue with the national dress up of equalize focalize in the white band; the screen of branch physiognomy a triangle fall on by the words REPUBLICA DE NICARAGUA on the top including AMERICA CENTRAL on the bottom
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Flag Description
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Nicaragua, the poorest green belt in Central America, has widespread underemployment also poverty. GDP shoot down in the name of roughly 3% in 2009, fated to slacken find outlet whistle for in the US extra Central American markets, lower line prices desire key provincial exports, moreover low remittance accretion - remittances keep on matching to about 15% of GDP. The US-Central America Free Trade Agreement (CAFTA) has happen in total since April 2006 exceeding has bloat send out opportunities as many provincial conjointly manufactured goods. Textiles bounteous outfit record for nearly 60% of Nicaragua's exports, except increases in the minimum wage in the course of the ORTEGA bureaucracy will likely abrade its symmetrical betterment in this industry. Nicaragua relies on universal fiscal expediency to meet internal- in conjunction with external-debt take care of obligations. Foreign giver have epitomize this funding, however, in response to November 2008 voluntary fraud. In young 2004, Nicaragua secured some $4.5 scads in queer compulsion reduction under the Heavily Indebted Poor Countries (HIPC) initiative, also in October 2007, the IMF regard highly a new poverty reduction extended beefing up talent (PRGF) program.
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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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-2.9% (2009 est.)
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GDP Real Growth Rate
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2.283 million (2009 est.)
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GDP Per Capita (PPP)
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8.2% (2009 est.)
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Labor Force
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48% (2005)
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Unemployment Rate
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43.1 (2001)
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Population Below Poverty Line
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Distribution Of Family Income
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63.1% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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13.17% (31 December 2008)
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Central Bank Discount Rate
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$507.5 million (31 December 2008)
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Commercial Bank Prime Lending Rate
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$1.81 lots (31 December 2008)
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Stock Of Money
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$4.272 masses (31 December 2008)
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Stock Of Quasi Money
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$NA
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Stock Of Domestic Credit
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coffee, bananas, sugarcane, cotton, rice, corn, tobacco, sesame, soya, beans; beef, veal, pork, poultry, dairy farm products; shrimp, lobsters
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Market Value Of Publicly Traded Shares
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food processing, chemicals, machinery wider metal products, textiles, clothing, petroleum refining also distribution, beverages, footwear, wood
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Agriculture - Products
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-2.8% (2009 est.)
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Industries
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3.286 scads kWh (2007 est.)
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Industrial Production Growth Rate
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2.569 scads kWh (2007 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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63.95 million kWh (2007 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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29,000 bbl/day (2008 est.)
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Oil Production
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213 bbl/day (2007 est.)
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Oil Consumption
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29,570 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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0 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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-$802 million (2009 est.)
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Natural Gas Proved Reserves
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$2.384 plenty (2009 est.)
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Current Account Balance
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coffee, beef, shrimp plus lobster, tobacco, sugar, gold, peanuts; textiles heavier apparel
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Exports
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US 32.3%, El Salvador 14.6%, Costa Rica 6.9%, Honduras 6.8%, Mexico 5.3%, Canada 5%, Guatemala 5% (2008)
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Exports Commodities
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$3.93 heaps (2009 est.)
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Exports Partners
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consumer goods, machinery together with equipment, raw materials, petroleum products
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Imports
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US 21%, Venezuela 14.3%, Mexico 8.4%, Costa Rica 8%, China 7.8%, Guatemala 6.1%, El Salvador 5.2% (2008)
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Imports Commodities
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$1.573 millions (31 December 2009 est.)
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Imports Partners
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$4.7 zillions (31 December 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 63, FM 32, shortwave 1 (1998)
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Television Broadcast Stations
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16 (2009)
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Internet Country Code
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.ni
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Airports
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143 (2009)
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Military Service Age and Obligation
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17 years of era desire voluntary military service; tour of mission 18-36 months (2008)
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