These are misleading numbers.
2008 was the start of the Great Recession, the worst recession in 80 years.
In the USA, after 2008, our GDP growth has been less than 2.0% per year, which is not good, either.
Also, the average price of oil and natural gas after 2008 - Russia’s most important source of income - has been significantly below the average price of oil and gas BEFORE 2008.
I am no fan of Putin.
But blaming slow GDP growth in Russia only on Putin is not accurate.
Average natural gas prices have been flattish:
Average oil prices are up:
Besides, Russia is a vast storehouse of native talent. Where is Russia's Huawei? Where is Russia's Alibaba? Why isn't Tupolev shaking up the world of civilian aviation? Why hasn't it given Bombardier and Embraer a run for their money? Why is Russia a glorified petrostate? Russians have a 10 IQ point advantage over Arabs. Why isn't that advantage showing up in Russia's industrial stats vs Arab petrostates?
Flag | Country | IQ | Population 2019 |
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Singapore | 108 | 5,804,337 |
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Hong Kong | 108 | 7,436,154 |
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South Korea | 106 | 51,225,308 |
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Japan | 105 | 126,860,301 |
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China | 105 | 1,433,783,686 |
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Taiwan | 104 | 23,773,876 |
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Italy | 102 | 60,550,075 |
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Iceland | 101 | 339,031 |
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Mongolia | 101 | 3,225,167 |
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Switzerland | 101 | 8,591,365 |
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Luxembourg | 100 | 615,729 |
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Norway | 100 | 5,378,857 |
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Austria | 100 | 8,955,102 |
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Netherlands | 100 | 17,097,130 |
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United Kingdom | 100 | 67,530,172 |
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Estonia | 99 | 1,325,648 |
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Finland | 99 | 5,532,156 |
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Sweden | 99 | 10,036,379 |
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Belgium | 99 | 11,539,328 |
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Canada | 99 | 37,411,047 |
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Poland | 99 | 37,887,768 |
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Germany | 99 | 83,517,045 |
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Andorra | 98 | 77,142 |
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Latvia | 98 | 1,906,743 |
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Denmark | 98 | 5,771,876 |
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Hungary | 98 | 9,684,679 |
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Czech Republic | 98 | 10,689,209 |
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Australia | 98 | 25,203,198 |
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Spain | 98 | 46,736,776 |
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France | 98 | 65,129,728 |
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United States | 98 | 329,064,917 |
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Malta | 97 | 440,372 |
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Belarus | 97 | 9,452,411 |
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Ukraine | 97 | 43,993,638 |
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Russia | 97 | 145,872,256 |
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Slovenia | 96 | 2,078,654 |
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Uruguay | 96 | 3,461,734 |
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Moldova | 96 | 4,043,263 |
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Slovakia | 96 | 5,457,013 |
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Israel | 95 | 8,519,377 |
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Portugal | 95 | 10,226,187 |
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Armenia | 94 | 2,957,731 |
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Georgia | 94 | 3,996,765 |
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Kazakhstan | 94 | 18,551,427 |
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Romania | 94 | 19,364,557 |
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Vietnam | 94 | 96,462,106 |
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Bulgaria | 93 | 7,000,119 |
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Argentina | 93 | 44,780,677 |
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Ireland | 92 | 4,882,495 |
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Greece | 92 | 10,473,455 |
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Malaysia | 92 | 31,949,777 |
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Brunei | 91 | 433,285 |
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Cyprus | 91 | 1,198,575 |
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Lithuania | 91 | 2,759,627 |
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Sierra Leone | 91 | 7,813,215 |
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Cambodia | 91 | 16,486,542 |
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Thailand | 91 | 69,625,582 |
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Albania | 90 | 2,880,917 |
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Bosnia And Herzegovina | 90 | 3,301,000 |
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Croatia | 90 | 4,130,304 |
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Kyrgyzstan | 90 | 6,415,850 |
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Chile | 90 | 18,952,038 |
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Turkey | 90 | 83,429,615 |
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Suriname | 89 | 581,372 |
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Mauritius | 89 | 1,269,668 |
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Costa Rica | 89 | 5,047,561 |
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Laos | 89 | 7,169,455 |
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Serbia | 89 | 8,772,235 |
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Samoa | 88 | 197,097 |
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Ecuador | 88 | 17,373,662 |
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Mexico | 88 | 127,575,529 |
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Nauru | 87 | 10,756 |
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Guyana | 87 | 782,766 |
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Turkmenistan | 87 | 5,942,089 |
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Tajikistan | 87 | 9,321,018 |
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Azerbaijan | 87 | 10,047,718 |
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Bolivia | 87 | 11,513,100 |
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Uzbekistan | 87 | 32,981,716 |
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Iraq | 87 | 39,309,783 |
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Myanmar | 87 | 54,045,420 |
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Brazil | 87 | 211,049,527 |
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Indonesia | 87 | 270,625,568 |
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Seychelles | 86 | 97,739 |
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Tonga | 86 | 104,494 |
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Kuwait | 86 | 4,207,083 |
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Philippines | 86 | 108,116,615 |
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Kiribati | 85 | 117,606 |
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Fiji | 85 | 889,953 |
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Trinidad And Tobago | 85 | 1,394,973 |
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Eritrea | 85 | 3,497,117 |
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Cuba | 85 | 11,333,483 |
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Yemen | 85 | 29,161,922 |
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Peru | 85 | 32,510,453 |
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Marshall Islands | 84 | 58,791 |
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Micronesia | 84 | 113,815 |
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Vanuatu | 84 | 299,882 |
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Belize | 84 | 390,353 |
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Solomon Islands | 84 | 669,823 |
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Panama | 84 | 4,246,439 |
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Paraguay | 84 | 7,044,636 |
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United Arab Emirates | 84 | 9,770,529 |
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Jordan | 84 | 10,101,694 |
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Venezuela | 84 | 28,515,829 |
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Saudi Arabia | 84 | 34,268,528 |
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Morocco | 84 | 36,471,769 |
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Afghanistan | 84 | 38,041,754 |
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Uganda | 84 | 44,269,594 |
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Colombia | 84 | 50,339,443 |
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Iran | 84 | 82,913,906 |
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Nigeria | 84 | 200,963,599 |
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Pakistan | 84 | 216,565,318 |
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Bahrain | 83 | 1,641,172 |
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Oman | 83 | 4,974,986 |
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Libya | 83 | 6,777,452 |
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Papua New Guinea | 83 | 8,776,109 |
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Tunisia | 83 | 11,694,719 |
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Syria | 83 | 17,070,135 |
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Algeria | 83 | 43,053,054 |
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Lebanon | 82 | 6,855,713 |
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Dominican Republic | 82 | 10,738,958 |
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Zimbabwe | 82 | 14,645,468 |
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Madagascar | 82 | 26,969,307 |
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Bangladesh | 82 | 163,046,161 |
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India | 82 | 1,366,417,754 |
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Maldives | 81 | 530,953 |
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Nicaragua | 81 | 6,545,502 |
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Honduras | 81 | 9,746,117 |
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Egypt | 81 | 100,388,073 |
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Barbados | 80 | 287,025 |
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Bhutan | 80 | 763,092 |
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El Salvador | 80 | 6,453,553 |
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Kenya | 80 | 52,573,973 |
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Guatemala | 79 | 17,581,472 |
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Zambia | 79 | 17,861,030 |
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Sri Lanka | 79 | 21,323,733 |
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Qatar | 78 | 2,832,067 |
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Nepal | 78 | 28,608,710 |
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Comoros | 77 | 850,886 |
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South Africa | 77 | 58,558,270 |
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Cape Verde | 76 | 549,935 |
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Mauritania | 76 | 4,525,696 |
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Senegal | 76 | 16,296,364 |
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Namibia | 74 | 2,494,530 |
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Mali | 74 | 19,658,031 |
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Ghana | 73 | 30,417,856 |
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Tanzania | 72 | 58,005,463 |
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Saint Vincent And The Grenadines | 71 | 110,589 |
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Jamaica | 71 | 2,948,279 |
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Central African Republic | 71 | 4,745,185 |
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Sudan | 71 | 42,813,238 |
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Antigua And Barbuda | 70 | 97,118 |
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Botswana | 70 | 2,303,697 |
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Togo | 70 | 8,082,366 |
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Benin | 70 | 11,801,151 |
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Rwanda | 70 | 12,626,950 |
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Burundi | 69 | 11,530,580 |
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Malawi | 69 | 18,628,747 |
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Niger | 69 | 23,310,715 |
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Ethiopia | 69 | 112,078,730 |
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Djibouti | 68 | 973,560 |
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Somalia | 68 | 15,442,905 |
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Chad | 68 | 15,946,876 |
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Burkina Faso | 68 | 20,321,378 |
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Angola | 68 | 31,825,295 |
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Saint Kitts And Nevis | 67 | 52,823 |
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Dominica | 67 | 71,808 |
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Guinea Bissau | 67 | 1,920,922 |
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Lesotho | 67 | 2,125,268 |
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Liberia | 67 | 4,937,374 |
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Haiti | 67 | 11,263,077 |
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Guinea | 67 | 12,771,246 |
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Gabon | 64 | 2,172,579 |
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Cameroon | 64 | 25,876,380 |
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Mozambique | 64 | 30,366,036 |
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Saint Lucia | 62 | 182,790 |
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Equatorial Guinea | 59 | 1,355,986 |