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Afghanistan Main Page

 

Afghanistan's Economy

 

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.
GDP (purchasing power parity):
$29.81 billion (2010 est.)
country comparison to the world: 109
$27.38 billion (2009 est.)
$22.34 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$16.63 billion (2010 est.)
GDP - real growth rate:
8.9% (2010 est.)
country comparison to the world: 6
22.5% (2009 est.)
3.4% (2008 est.)
GDP - per capita (PPP):
$1,000 (2010 est.)
country comparison to the world: 212
$1,000 (2009 est.)
$800 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 31%
industry: 26%
services: 43%
note: data exclude opium production (2008 est.)
Labor force:
15 million (2004 est.)
country comparison to the world: 39
Labor force - by occupation:
agriculture: 78.6%
industry: 5.7%
services: 15.7% (FY08/09 est.)
Unemployment rate:
35% (2008 est.)
country comparison to the world: 183
40% (2005 est.)
Population below poverty line:
36% (FY08/09)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
13.3% (2009 est.)
country comparison to the world: 214
20.7% (2008 est.)
Commercial bank prime lending rate:
15% (31 December 2009 est.)
country comparison to the world: 48
14.92% (31 December 2008 est.)
Stock of narrow money:
$3.943 billion (31 December 2009)
country comparison to the world: 100
$2.819 billion (31 December 2008)
Stock of broad money:
$4.149 billion (31 December 2009)
country comparison to the world: 125
$2.915 billion (31 December 2008)
Stock of domestic credit:
$363.6 million (31 December 2008 est.)
country comparison to the world: 166
$20.06 million (31 December 2007 est.)
Market value of publicly traded shares:
$NA
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%
Electricity - production:
285.5 million kWh (2009 est.)
country comparison to the world: 168
Electricity - consumption:
231.1 million kWh (2009 est.)
country comparison to the world: 175
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
230 million kWh (2007 est.)
Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 116
Oil - consumption:
5,000 bbl/day (2009 est.)
country comparison to the world: 164
Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 138
Oil - imports:
4,404 bbl/day (2007 est.)
country comparison to the world: 161
Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 99
Natural gas - production:
30 million cu m (2008 est.)
country comparison to the world: 84
Natural gas - consumption:
30 million cu m (2008 est.)
country comparison to the world: 108
Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 46
Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 70
Natural gas - proved reserves:
49.55 billion cu m (1 January 2010 est.)
country comparison to the world: 65
Current account balance:
-$2.475 billion (2009 est.)
country comparison to the world: 160
$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 - commodities:
opium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems
Exports - partners:
US 26.47%, India 23.09%, Pakistan 17.36%, Tajikistan 12.51% (2009)
Imports:
$5.3 billion (2008 est.)
country comparison to the world: 109
$4.5 billion (2007)
Imports - commodities:
machinery and other capital goods, food, textiles, petroleum products
Imports - partners:
Pakistan 26.78%, US 24.81%, India 5.15%, Germany 5.06%, Russia 4.04% (2009)
Debt - external:
$2.7 billion (2008/2009)
country comparison to the world: 134
$8 billion (2004)
Exchange rates:
afghanis (AFA) per US dollar - 50.23 (2009), 50.25 (2008), 50 (2007), 46 (2006), 47.7 (2005), 48 (2004)
 

 

 


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