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Background: The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling Grimaldi family secured control in the late 13th century, and a principality was established in 1338. Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center.
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Common Name: Monaco
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Local Official Name: Monaco
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Abbreviated Name: Principality of Monaco
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Official Name: Principaute de Monaco
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Official Script Name: Monaco
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Local Common Name: Monaco
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Former Name: Monaco
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Territory of: NA
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Head of State: Prince ALBERT II
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Government Type: constitutional monarchy
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Independence: 1419 (beginning of the rule by the House of Grimaldi)
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Constitution: 1962 December 17
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National Holiday: National Day (Prince of Monaco Holiday), 19 November
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International Organization Participation: ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, IPU, ITU, OIF, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, UNITAR, UPU, WHO, WIPO, WMO, WToO
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Administrative Divisions: none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo
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Dependent Areas: NA
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Legal System: based on French law; has not accepted compulsory ICJ jurisdiction
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Suffrage: 18 years
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Executive, Legislative and Judicial Branches: Executive Branch:
chief of state: Prince ALBERT II (since 6 April 2005)
head of government: Minister of State Jean-Paul PROUST (since 1 June 2005)
cabinet: Council of Government is under the authority of the monarch
elections: none; the monarchy is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French Government
Legislative Branch:
unicameral National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation; to serve five-year terms)
elections: last held 9 February 2003 (next to be held February 2008)
election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 3
Judicial Branch:
Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council)
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Party Leaders: National and Democratic Union or UND [Guy MAGNAN]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM)
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International Disputes: NA
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Illicit Drugs: NA
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Location of Monaco: Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy
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Continent: Europe
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Land Area Total: 1 sq km
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Region: Medditeranean |
Land Area Land: 1 sq km
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Capitol City: Monaco
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Land Area Water: 0 sq km
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Current: +1
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Latitude: 043 44 N
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Border Boundary Land: 4 km
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Longitude: 007 24 E
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Border Boundary Coastline: 4 km
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Arable Land: 0.00 %
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Pastures: 0.00 %
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Crops: 0.00 %
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Woodlands and Forests: 0.00
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Highest Elevation: 140 m
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Location: Mont Agel
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Lowest Elevation: 0 m
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Location: Mediterranean Sea
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Largest City in Monaco: Monaco
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Monaco Largest City Population: 33,000
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Threatened Species: 9
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Environmental Issues: NA
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Environmental Agreements: party to: Air Pollution, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling
signed, but not ratified: Climate Change-Kyoto Protocol
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Irrigated Land: 0
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Bordering Countries: France 4.4 km
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Natural Resources: NA
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Geographical Terrain: hilly, rugged, rocky
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Comparative Area of Monaco: about three times the size of The Mall in Washington, DC
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Monaco's Geography: second-smallest independent state in the world (after Holy See); almost entirely urban
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Click Here for detailed information about the weather conditions in Monaco.
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General Climate: Mediterranean with mild, wet winters and hot, dry summers
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Natural Hazards: NA
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Economic Overview: Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major construction project extended the pier used by cruise ships in the main harbor. The principality has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas.
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GDP: $870,000,000 USD
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Currency: euro
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GDP per Capita: $27,000 USD
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Currency Code: EUR
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GDP Growth Rate: 0.00 %
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One $USD Equals: %fincurrencyequals% EUR
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Currency Exchange Rate History: euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)
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GDP of Agriculture: 17.00 %
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GDP of Industry: 0.00 %
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GDP of Services: 0.00 % |
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Inflation Rate: 1.90 % |
Population in Poverty: 0.00 %
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Unemployment Rate: 22.00 %
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Tourism: 278,000.00 visitors each year
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Consumption by lowest 10%: 0.00 %
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Budget Revenue in USD: $719,200,000 USD
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Consumption by upper 10%: 0.00 %
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Budget Expenditures in USD: $864,100,000 USD
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Electricity Production: 0 kWh
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Electricity Exports: 0 kWh
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Electricity Consumption: 0 kWh
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Electricity Imports: 0 kWh
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Electricity Production by Source:
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Fossil Fuel Electricity Production: 0.00%
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Nuclear Electricity Production: 0.00%
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Hydro Electricity Production: 0.00%
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Other Electricity Production: 0.00%
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Oil Production: 0 barrels per day
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Natural Gas Production: 0 cu m
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Oil Consumption: 0 barrels per day
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Natural Gas Consumption: 0 cu m
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Oil Exports: 0 barrels per day
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Natural Gas Exports: 0 cu m
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Oil Imports: 0 barrels per day
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Natural Gas Imports: 0 cu m
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Proven Oil Reserves: 0 barrels
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Proven Natural Gas Reserves: 0 cu m
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External Debt: $18,000,000,000 USD |
Received in economic aid: $0 USD
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Donated in economic aid: $0 USD
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Agricultural Products: NA
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Primary Industries: tourism, construction, small-scale industrial and consumer products
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Industrial Growth Rate: 0.00 %
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Import Amount in USD: $636,600,000 USD - NA
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Import Partners: NA
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Export Amount in USD: $656,500,000 USD - NA
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Export Partners: NA
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GINI Index: 0.00%
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Labor Force Number of People: 41,110
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Labor Force by Occupations: NA
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Radio Broadcast Stations: 9 |
Number of People with Radios: 34,000 |
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Television Broadcast Stations: 5 |
Number of People with Televisions: 25,000 |
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Number of People with Mainline Telephones: 31,027 |
Number of People with Mobile Phones: 0 |
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Internet Service Providers: 716 |
Internet Users: 16,000 |
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Internet Country Code: .mc |
Newspapers: 251 |
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Two Letter Country Code: MC |
Weights and Measures: |
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Phone Country Code: 377 |
Electricity Voltage: 127/220 Volts |
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Telephone Systems: general assessment: modern automatic telephone system
domestic: NA
international: country code - 377; no satellite earth stations; connected by cable into the French communications system
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Highways: 50 km |
Railways: 0 km
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Gas And Oil Pipelines: 0 km |
Waterways: 0 km
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Airports: 0 |
Heliports: 1
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Motor Vehicles: 0 per 1,000 people |
CO2 Emissions: 138,000 Metric Tons of CO2 per year |
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Per capita CO2 emissions: 0.00 Metric Tons of CO2 per year |
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Merchant Marines: registered in other countries: 77 (Bahamas 17, Barbados 1, Bermuda 2, France 1, Georgia 13, Isle of Man 3, Liberia 10, Malta 1, Marshall Islands 8, Norway 4, Panama 9, Saint Kitts and Nevis 1, Saint Vincent and the Grenadines 4, Switzerland 2, unknown 1)
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Ports and Harbors: Monaco
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Population: 32,543 people type - nationality |
Birth Rate: 9.19 births per 1,000 people |
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Population Density: 23,090.00 people per sq km |
Death Rate: 12.91 deaths per 1,000 people |
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Population Growth: 0.40% per year |
Fertility Rate per Women: 1.76 babies born per woman |
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Population Male 0-14: 2,539 |
Population Female 0-14: 2,417 |
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Population Male 15-64: 9,959 |
Population Female 15-64: 10,266 |
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Population Male 65+: 3,015 |
Population Female 65+: 4,347 |
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Population 0-14: 15.20% |
Literacy Rate: 99.00% |
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Population 15-64: 62.10% |
Literacy rate of Males: 99.00% |
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Population 65+: 22.60% |
Literacy rate of Females: 99.00% |
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Population that is Male: 45.50
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Population that is Female: 54.50% |
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Life expectancy at birth in years: 79.69 years |
Infant mortality rate - baby deaths per 1000 births: 5.35 Babies die per 1,000 births |
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Life expectancy at birth for Males: 75.85 years |
Life expectancy at birth for Females: 83.74 years |
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Rate of AIDS/HIV infection: 0.00%
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Number of people living with AIDS or HIV: 0
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Number of people who died of AIDS: 0 |
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Disease Risk:
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Diseases:
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Net Migration Rate per 1,000 people: 7.68
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Nationality: MONEGASQUE OR MONACAN
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Ethnic Groups: French 47%, Monegasque 16%, Italian 16%, other 21%
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Primary Language: French
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Other Languages: French (official), English, Italian, Monegasque
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Primary Religion: Roman Catholic
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Other Religions: Roman Catholic 90%
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Branches: defense is the responsibility of France; the Palace Guard performs ceremonial duties
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Manpower Fit to Serve: NA years
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Manpower Available: 0 People
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Manpower Fit to Serve: 0 People
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Amount of Manpower Available each Year: 0 People per year
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Expenditures: $0 USD per year
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Expenditures as a Percentage of GDP: 0.00
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Note: Phrasebase uses a variety of sources when compiling the facts and information presented above. This information is continually updated throughout the year.
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