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Afghanistan Economy Profile 2016

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Economy - overviewAfghanistan'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. Much of the population continues to suffer from shortages of housing, clean water, electricity, medical care, and jobs. Criminality, insecurity, weak governance, lack of infrastructure, and the Afghan Government's difficulty in extending 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.

The international community remains committed to Afghanistan's development, pledging over $67 billion at nine donors' conferences between 2003 and 2010. In July 2012, the donors at the Tokyo conference pledged an additional $16 billion in civilian aid through 2015. Despite this help, 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.

Afghanistan's growth rate slowed markedly in 2014-15. The drawdown of international security forces that started in 2014 has negatively affected economic growth, as a substantial portion of commerce, especially in the services sector, has catered to the ongoing international troop presence in the country. Afghan President Ashraf GHANI Ahmadzai is dedicated to instituting economic reforms to include improving revenue collection and fighting corruption. However, the reforms will take time to implement and Afghanistan will remain dependent on international donor support over the next several years.
GDP (purchasing power parity)$62.32 billion (2015 est.)
$61.53 billion (2014 est.)
$59.46 billion (2013 est.)
note: data are in 2015 US dollars
GDP (official exchange rate)$20.84 billion (2014 est.)
GDP - real growth rate1.5% (2015 est.)
1.3% (2014 est.)
3.9% (2013 est.)
GDP - per capita (PPP)$1,900 (2015 est.)
$2,000 (2014 est.)
$2,000 (2013 est.)
note: data are in 2015 US dollars
Gross national saving23.9% of GDP (2015 est.)
29.2% of GDP (2014 est.)
30.4% of GDP (2013 est.)
GDP - composition, by end usehousehold consumption: 108.7%
government consumption: 12.8%
investment in fixed capital: 15.8%
investment in inventories: 0%
exports of goods and services: 6.5%
imports of goods and services: -43.9% (2014 est.)
GDP - composition by sectoragriculture: 24%
industry: 21%
services: 55%
note: data exclude opium production (2014 est.)
Population below poverty line36% (FY08/09 est.)
Labor force7.983 million (2013 est.)
Labor force - by occupationagriculture: 78.6%
industry: 5.7%
services: 15.7% (FY08/09 est.)
Unemployment rate35% (2008 est.)
40% (2005 est.)
Household income or consumption by percentage sharelowest 10%: 3.8%
highest 10%: 24% (2008)
Budgetrevenues: $1.7 billion
expenditures: $6.639 billion (2015 est.)
Taxes and other revenues8.2% of GDP (2015 est.)
Budget surplus (+) or deficit (-)-23.7% of GDP (2015 est.)
Inflation rate (consumer prices)-1.5% (2015 est.)
4.7% (2014 est.)
Commercial bank prime lending rate15% (31 December 2014 est.)
15.08% (31 December 2013 est.)
Stock of narrow money$6.644 billion (31 December 2014 est.)
$6.192 billion (31 December 2013 est.)
Stock of broad money$6.945 billion (31 December 2014 est.)
$6.544 billion (31 December 2013 est.)
Stock of domestic credit-$454 million (31 December 2014 est.)
-$767.8 million (31 December 2013 est.)
Market value of publicly traded shares$NA
Agriculture - productsopium, wheat, fruits, nuts; wool, mutton, sheepskins, lambskins, poppies
Industriessmall-scale production of bricks, textiles, soap, furniture, shoes, fertilizer, apparel, food products, non-alcoholic beverages, mineral water, cement; handwoven carpets; natural gas, coal, copper
Industrial production growth rate1.2% (2014 est.)
Current Account Balance$872 million (2015 est.)
$1.604 billion (2014 est.)
Exports$2.679 billion (2013 est.)
$2.785 billion (2012 est.)
note: not including illicit exports or reexports
Exports - commoditiesopium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems
Exports - partnersIndia 42.2%, Pakistan 28.9%, Tajikistan 7.6% (2015)
Imports$12.19 billion (2013 est.)
$11.66 billion (2012 est.)
Imports - commoditiesmachinery and other capital goods, food, textiles, petroleum products
Imports - partnersPakistan 38.6%, India 8.9%, US 8.3%, Turkmenistan 6.2%, China 6%, Kazakhstan 5.9%, Azerbaijan 4.9% (2015)
Reserves of foreign exchange and gold$6.681 billion (31 December 2014 est.)
$6.443 billion (31 December 2013 est.)
Debt - external$1.28 billion (FY10/11)
$2.7 billion (FY08/09)
Exchange ratesafghanis (AFA) per US dollar -
63 (2015 est.)
57.25 (2014 est.)
57.25 (2013 est.)
46.75 (2011 est.)
46.45 (2010)
Fiscal year21 December - 20 December

Source: CIA World Factbook
This page was last updated on October 8, 2016

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