4 GeoFroggy

Economy Overview

Afghanistan's economy is recovering from decades of conflict. The economy has improved significantly since the fall of the Taliban regime in 2001 largely because of the infusion of international assistance, the recovery of the agricultural sector, and service sector growth. Despite the progress of the past few years, Afghanistan is extremely poor, landlocked, and highly dependent on foreign aid, agriculture, and trade with neighboring countries. Much of the population continues to suffer from shortages of housing, clean water, electricity, medical care, and jobs. Criminality, insecurity, weak governance, and the Afghan Government's inability to extend rule of law to all parts of the country pose challenges to future economic growth. Afghanistan's living standards are among the lowest in the world. While the international community remains committed to Afghanistan's development, pledging over $67 billion at four donors' conferences since 2002, the Government of Afghanistan will need to overcome a number of challenges, including low revenue collection, anemic job creation, high levels of corruption, weak government capacity, and poor public infrastructure.

Agriculture Products

opium, wheat, fruits, nuts; wool, mutton, sheepskins, lambskins

Industries

small-scale production of textiles, soap, furniture, shoes, fertilizer, apparel, food-products, non-alcoholic beverages, mineral water, cement; handwoven carpets; natural gas, coal, copper

Industrial Production Growth Rate

NA%

Labor Force

15 million (2004 est.)country comparison to the world: 39

Electricity production

285.5 million kWh (2009 est.)country comparison to the world: 169

Electricity Consumption

231.1 million kWh (2009 est.)country comparison to the world: 179

Electricity Exports

0 kWh (2009 est.)

Electricity Imports

120 million kWh (2008 est.)

Unemployment Rate

35% (2008 est.)country comparison to the world: 180 40% (2005 est.)

Population Below Poverty Line

36% (FY08/09)

Household Income or Consumption by Percentage Share

Lowest 10%: 3.8%

Highest 10%: 24%

Distribution of Family Income Gini Index

29.4 (2008)country comparison to the world: 120

Budget

Revenues: $1 billion

Expenditures: $3.3 billion

Note: Afghanistan has also received $2.6 billion from the Reconstruction Trust Fund and $63 million from the Law and Order Trust Fund (FY09/10 est.)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

$5.307 billion (31 December 2010 est.)country comparison to the world: 87 $3.943 billion (31 December 2009 est.)

Stock of Broad Money

$5.659 billion (31 December 2010 est.)country comparison to the world: 118 $4.149 billion (31 December 2009 est.)

Stock of Domestic Credit

$363.6 million (31 December 2008 est.)country comparison to the world: 173 $20.06 million (31 December 2007 est.)

Market Value of Publicly Traded Shares

$NA

Reserves of Foreign Exchange and Gold

Debt External

$2.7 billion (FY08/09)country comparison to the world: 134 $8 billion (2004)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

afghanis (AFA) per US dollar -46.45 (2010)50.23 (2009)
Year

GDP Official Exchange Rate

  • $15.61 billion 2010 est.

Taxes and Other Revenues

  • 6.4% of GDP (FY09/10 est.)

Budget Surplus or Deficit

  • -14.7% of GDP (FY09/10 est.)

GDP Purchasing Power Parity

    $27.36 billion (2010 est.)country comparison to the world: 111 $25.28 billion (2009 est.)$20.92 billion (2008 est.) note: data are in 2010 US dollars

GDP Real Growth Rate

    8.2% (2010 est.)country comparison to the world: 17 20.9% (2009 est.)3.6% (2008 est.)

GDP Per Capital

    $900 (2010 est.)country comparison to the world: 218 $900 (2009 est.)$800 (2008 est.) note: data are in 2010 US dollars

Gross National Saving

GDP Composition by end Use

GDP Composition by Sector of Origin

  • Agriculture
    31.6%
  • Industry
    26.3%
  • Services
    42.1%
  • Note
    data exclude opium

Inflation Rate Consumer Prices

    0.9% (2009 est.)country comparison to the world: 19 -8.3% (2008 est.)

Current Account Balance

    -$2.475 billion (2009 est.)country comparison to the world: 164 $85 million (2008 est.)

Exports

    $547 million (2009 est.)country comparison to the world: 164 $603 million (2008 est.) note: not including illicit exports or reexports

Exports Partners

  • Pakistan
    25.9%
  • India
    25.5%
  • US
    14.9%
  • Tajikistan
    9.6%
  • Germany
    5%

Exports Commodities

    Opium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems

Imports

    $5.3 billion (2008 est.)country comparison to the world: 110 $4.5 billion (2007)

Imports Partners

  • US
    29.1%
  • Pakistan
    23.3%
  • India
    7.6%
  • Russia
    4.5%
  • Germany
    4.2%

Imports Commodities

    Machinery and other capital goods, food, textiles, petroleum products