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Afghanistan Economy 2010
https://workmall.com/wfb2010/afghanistan/afghanistan_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

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Afghanistan Economy 2010
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 26, 2010

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, 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 $57 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 $3 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):
$23.35 billion (2009 est.)

$22.59 billion (2008 est.)
$21.84 billion (2007 est.)
note: data are in 2009 US dollars

GDP (official exchange rate):
$13.32 billion (2009 est.)

GDP - real growth rate:
3.4% (2009 est.)

3.4% (2008 est.)
12.1% (2007 est.)

GDP - per capita (PPP):
$800 (2009 est.)

$800 (2008 est.)
$800 (2007 est.)
note: data are in 2009 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.)

Labor force - by occupation:
agriculture: 80%
industry: 10%
services: 10% (2004 est.)

Unemployment rate:
40% (2008 est.)

40% (2005 est.)

Population below poverty line:
53% (2003)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Budget:
revenues: $1.1 billion
expenditures: $3.3 billion
note: Afghanistan has also received $2.6 billion from the Reconstruction Trust Fund and $63 million from the Law and Order Trust Fund (2007 est.)

Inflation rate (consumer prices):
26.8% (2008 est.) 13% (2007 est.)

Commercial bank prime lending rate:
14.92% (31 December 2008)

18.14% (31 December 2007)

Stock of money:
$1.688 billion (31 December 2008)

$1.426 billion (31 December 2007)

Stock of quasi money:
$1.219 billion (31 December 2008)

$958.6 million (31 December 2007)

Stock of domestic credit:
$363.6 million (31 December 2008)

$12.04 million (31 December 2007)

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, cement; handwoven carpets; natural gas, coal, copper

Industrial production growth rate:
NA%

Electricity - production:
839 million kWh (2007 est.)

Electricity - consumption:
1.01 billion kWh (2007 est.)

Electricity - exports:
0 kWh (2008 est.)

Electricity - imports:
230 million kWh (2007 est.)

Oil - production:
0 bbl/day (2008 est.)

Oil - consumption:
5,000 bbl/day (2008 est.)

Oil - exports:
0 bbl/day (2007 est.)

Oil - imports:
4,404 bbl/day (2007 est.)

Oil - proved reserves:
0 bbl (1 January 2009 est.)

Natural gas - production:
30 million cu m (2008 est.)

Natural gas - consumption:
30 million cu m (2008 est.)

Natural gas - exports:
0 cu m (2008 est.)

Natural gas - imports:
0 cu m (2008 est.)

Natural gas - proved reserves:
49.55 billion cu m (1 January 2009 est.)

Current account balance:
$85 million (2008 est.) $-67 million (2007 est.)

Exports:
$603 million (2008 est.)

$482 million (2006); 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:
India 20.5%, Pakistan 18.5%, US 17.2%, Tajikistan 13.3%, Netherlands 7.2% (2008)

Imports:
$8.27 billion (2008 est.)

$7.24 billion (2006)

Imports - commodities:
capital goods, food, textiles, petroleum products

Imports - partners:
Pakistan 36.9%, US 9.5%, Germany 7.7%, India 5.2% (2008)

Debt - external:
$8 billion (2004 est.)

Exchange rates:
afghanis (AFA) per US dollar - 50 (2007), 46 (2006), 47.7 (2005), 48 (2004), 49 (2003)


NOTE: The information regarding Afghanistan on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Afghanistan Economy 2010 information contained here. All suggestions for corrections of any errors about Afghanistan Economy 2010 should be addressed to the CIA.






This page was last modified 09-Feb-10
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