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Afghanistan Economy 2018

SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES











Afghanistan Economy 2018
SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 28, 2018

Economy - overview:
Afghanistan is gradually recovering from decades of conflict. Before 2014, the economy had sustained nearly a decade of strong growth, largely because of international assistance. Since 2014, however, the economy has slowed, in large part because of the withdrawal of nearly 100,000 foreign troops that had artificially inflated the country’s economic growth. Despite improvements in life expectancy, incomes, and literacy since 2001, 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. Corruption, 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 $83 billion at ten donors' conferences between 2003 and 2016. In October 2016, the donors at the Brussels conference pledged an additional $3.8 billion in development aid annually from 2017 to 2020. 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.In 2017 Afghanistan's growth rate was only marginally above that of the 2014-2016 average. The drawdown of international security forces that started in 2012 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):
$69.51 billion (2017 est.) $67.81 billion (2016 est.) $66.25 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 100

GDP (official exchange rate):
$21.06 billion (2016 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.5% (2017 est.) 2.4% (2016 est.) 1.3% (2015 est.)
country comparison to the world: 129
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,900 (2017 est.) $2,000 (2016 est.) $2,100 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 211

Gross national saving:
22.7% of GDP (2017 est.) 25.5% of GDP (2016 est.) 21.4% of GDP (2015 est.)
country comparison to the world: 68
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 108.6%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 12.8%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 18.2%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 6.6%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -46.2% (2014 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 22%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 22%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 56%
[see also: GDP - composition, by sector of origin - services country ranks ]
note: data exclude opium production (2015 est.)

Agriculture - products:
opium, wheat, fruits, nuts; wool, mutton, sheepskins, lambskins, poppies

Industries:
small-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 rate:
2.4% (2014 est.)
country comparison to the world: 116
[see also: Industrial production growth rate country ranks ]

Labor force:
7.983 million (2013 est.)
country comparison to the world: 62
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 78.6%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 5.7%
[see also: Labor force - by occupation - industry country ranks ]
services: 15.7% (FY08/09 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
35% (2008 est.) 40% (2005 est.)
country comparison to the world: 208
[see also: Unemployment rate country ranks ]

Population below poverty line:
35.8% (2011 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 24% (2008)

Budget:
revenues: $1.992 billion
[see also: Budget - revenues country ranks ]
expenditures: $6.636 billion (2016 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
9.5% of GDP (2016 est.)
country comparison to the world: 214
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-22.1% of GDP (2016 est.)
country comparison to the world: 218
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
8.3% of GDP (2016 est.) 9.3% of GDP (2015 est.)
country comparison to the world: 199
[see also: Public debt country ranks ]

Fiscal year:
21 December - 20 December

Inflation rate (consumer prices):
6% (2017 est.) 4.4% (2016 est.)
country comparison to the world: 183
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
15% (31 December 2016 est.) 15% (31 December 2015 est.)
country comparison to the world: 45
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$6.644 billion (31 December 2014 est.) $6.192 billion (31 December 2013 est.)
country comparison to the world: 93
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$6.945 billion (31 December 2014 est.) $6.544 billion (31 December 2013 est.)
country comparison to the world: 118
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$-240.6 million (31 December 2016 est.) $-240.6 million (31 December 2016 est.)
country comparison to the world: 191
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$999 million (2017 est.) $1.372 billion (2016 est.)
country comparison to the world: 38
[see also: Current account balance country ranks ]

Exports:
$619.2 million (2016 est.) $580 million (2015 est.)
note: not including illicit exports or reexports
country comparison to the world: 171
[see also: Exports country ranks ]

Exports - commodities:
opium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems

Exports - partners:
Pakistan 46.3%, India 37.6% (2016)

Imports:
$6.16 billion (2016 est.) $7.034 billion (2015 est.)
country comparison to the world: 114
[see also: Imports country ranks ]

Imports - commodities:
machinery and other capital goods, food, textiles, petroleum products

Imports - partners:
Iran 19.3%, Pakistan 18.3%, China 16.7%, Kazakhstan 9.5%, Uzbekistan 6.1%, Turkmenistan 5.4%, Malaysia 4% (2016)

Reserves of foreign exchange and gold:
$6.477 billion (31 December 2016 est.) $6.232 billion (31 December 2015 est.)
country comparison to the world: 87
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$1.28 billion (FY10/11) $2.7 billion (FY08/09)
country comparison to the world: 163
[see also: Debt - external country ranks ]

Exchange rates:
afghanis (AFA) per US dollar - 67.87 (2016 est.) 67.87 (2016 est.) 67.87 (2015) 61.14 (2014 est.) 57.25 (2013 est.)


NOTE: 1) The information regarding Afghanistan on this page is re-published from the 2018 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Afghanistan Economy 2018 information contained here. All suggestions for corrections of any errors about Afghanistan Economy 2018 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) The assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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