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Afghanistan Economy Profile 2014

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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 2003-10. 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 2013.
GDP (purchasing power parity)$45.3 billion (2013 est.)
$34.25 billion (2012 est.)
$30.45 billion (2011 est.)
note: data are in 2013 US dollars
GDP (official exchange rate)$20.65 billion (2013 est.)
GDP - real growth rate3.1% (2013 est.)
12.5% (2012 est.)
6.1% (2011 est.)
GDP - per capita (PPP)$1,100 (2013 est.)
$1,100 (2012 est.)
$1,000 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by end usehousehold consumption: 96.5%
government consumption: 23.3%
investment in fixed capital: 25.4%
investment in inventories: 0%
exports of goods and services: 18.1%
imports of goods and services: -63.4%
(2011 est.)
GDP - composition by sectoragriculture: 20%
industry: 25.6%
services: 54.4%
note: data exclude opium production (2011 est.)
Population below poverty line36% (FY08/09)
Labor force7.512 million (2012 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: $2.333 billion
expenditures: $4.122 billion (2012 est.)
Taxes and other revenues11.3% of GDP (2012 est.)
Budget surplus (+) or deficit (-)-8.7% of GDP (2012 est.)
Inflation rate (consumer prices)6.8% (2012 est.)
5.7% (2011 est.)
Commercial bank prime lending rate15% (31 December 2012 est.)
15.15% (31 December 2011 est.)
Stock of narrow money$6.121 billion (31 December 2012 est.)
$5.928 billion (31 December 2011 est.)
Stock of broad money$6.499 billion (31 December 2012 est.)
$6.351 billion (31 December 2011 est.)
Stock of domestic credit$-819.6 million (31 December 2012 est.)
$-520.2 million (31 December 2011 est.)
Market value of publicly traded shares$NA
Agriculture - productsopium, wheat, fruits, nuts; wool, mutton, sheepskins, lambskins
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 rateNA%
Current Account Balance-$743.9 million (2011 est.)
-$736 million (2010 est.)
Exports$376 million (2012 est.)
$388.5 million (2011 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 - partnersPakistan 32.2%, India 27%, Tajikistan 8.5%, US 6.2% (2012)
Imports$6.39 billion (2012 est.)
$5.154 billion (2011 est.)
Imports - commoditiesmachinery and other capital goods, food, textiles, petroleum products
Imports - partnersPakistan 24.3%, US 18%, Russia 8.7%, India 5.8%, China 5.6%, Germany 4.4% (2012)
Reserves of foreign exchange and gold$5.983 billion (31 December 2012 est.)
$5.268 billion (31 December 2011 est.)
Debt - external$1.28 billion (FY10/11)
$2.7 billion (FY08/09)
Exchange ratesafghanis (AFA) per US dollar -
50.92 (2012 est.)
46.75 (2011 est.)
46.45 (2010)
Fiscal year21 December - 20 December

Source: CIA World Factbook
This page was last updated on June 30, 2015

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