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Afghanistan:
Economy

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Economy - overview
Definition
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. Real GDP growth exceeded 7% in 2007. 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, and the Afghan Government's inability to extend rule of law to all parts of the country pose challenges to future economic growth. It will probably take the remainder of the decade and continuing donor aid and attention to significantly raise Afghanistan's living standards from its current level, among the lowest in the world. International pledges made by more than 60 countries and international financial institutions at the Berlin Donors Conference for Afghan reconstruction in March 2004 reached $8.9 billion for 2004-09. While the international community remains committed to Afghanistan's development, pledging over $24 billion at three donors' conferences since 2002, Kabul will need to overcome a number of challenges. Expanding poppy cultivation and a growing opium trade generate roughly $4 billion in illicit economic activity and looms as one of Kabul's most serious policy concerns. Other long-term challenges include: budget sustainability, job creation, corruption, government capacity, and rebuilding war torn infrastructure.
GDP (purchasing power parity)
Definition - World rank and map
$35 billion (2007 est.)
GDP (official exchange rate)
Definition
$8.842 billion (2007 est.)
GDP - real growth rate
Definition - World rank and map
12.4% (2007 est.)
GDP - per capita
Definition - World rank and map
$1,000 (2007 est.)
GDP - composition by sector
Definition
agriculture: 38%
industry: 24%
services: 38%
note: data exclude opium production (2005 est.)
Labor force
Definition
15 million (2004 est.)
Labor force - by occupation
Definition
agriculture: 80%
industry: 10%
services: 10% (2004 est.)
Unemployment rate
Definition - World rank and map
40% (2005 est.)
Population below poverty line
Definition
53% (2003)
Household income or consumption by percentage share
Definition
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
Definition - World rank and map
13% (2007 est.)
Budget
Definition
revenues: $715 million
expenditures: $2.6 billion
note: Afghanistan has also received $273 million from the Reconstruction Trust Fund and $63 million from the Law and Order Trust Fund (2007 est.)
Agriculture - products
Definition
opium, wheat, fruits, nuts; wool, mutton, sheepskins, lambskins
Industries
Definition
small-scale production of textiles, soap, furniture, shoes, fertilizer, cement; handwoven carpets; natural gas, coal, copper
Industrial production growth rate
Definition - World rank and map
NA%
Electricity - production
Definition - World rank and map
754.2 million kWh (2005)
Electricity - consumption
Definition - World rank and map
801.4 million kWh (2005)
Electricity - consumption per capita
Definition - World rank and map
24.5 kWh (2005)
Electricity - exports
Definition
0 kWh (2005)
Electricity - imports
Definition
100 million kWh (2005)
Oil - production
Definition - World rank and map
0 bbl/day (2005)
Oil - consumption
Definition - World rank and map
5,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people
Definition - World rank and map
0.2 bbl/day (2005 est.)
Oil - exports
Definition - World rank and map
0 bbl/day (2004)
Oil - imports
Definition - World rank and map
4,120 bbl/day (2004)
Oil - proved reserves
Definition - World rank and map
0 bbl (1 January 2006 est.)
Natural gas - production
Definition - World rank and map
19.18 million cu m (2005 est.)
Natural gas - consumption
Definition - World rank and map
19.18 million cu m (2005 est.)
Natural gas - consumption per capita
Definition - World rank and map
1 cu m (2005 est.)
Natural gas - exports
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - imports
Definition - World rank and map
0 cu m (2005)
Natural gas - proved reserves
Definition - World rank and map
47.53 billion cu m (1 January 2006 est.)
Current account balance
Definition - World rank and map
NA
Exports
Definition - World rank and map
$274 million; note - not including illicit exports or reexports (2006)
Exports - commodities
Definition
opium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems
Exports - partners
Definition
India 23.6%, Pakistan 22.5%, US 21.2%, Russia 4.1% (2006)
Imports
Definition - World rank and map
$3.823 billion (2006)
Imports - commodities
Definition
capital goods, food, textiles, petroleum products
Imports - partners
Definition
Pakistan 37.2%, US 11.1%, India 5%, China 4.2%, Germany 4.2% (2006)
Debt - external
Definition - World rank and map
$8 billion in bilateral debt, mostly to Russia; Afghanistan has $500 million in debt to Multilateral Development Banks (2004)
Market value of publicly traded shares
Definition
$NA
Economic aid - recipient
Definition
$2.775 billion (2005)
Currency (code)
Definition
afghani (AFA)
Exchange rates
Definition
afghanis per US dollar - NA (2007), 46 (2006), 47.7 (2005), 48 (2004), 49 (2003)
Fiscal year
Definition
21 March - 20 March


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