Afghanistan Economy: from the All Country Info reference guide to country facts

Afghanistan Economy

Afghanistan Economy: A summary of information about Afghanistan Economy, from government research data as well as independent research and other sources.

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Afghanistan: Economy

Economy - overview
Afghanistan is an extremely poor, landlocked
country, highly dependent on farming and livestock raising (sheep and
goats). Economic considerations have played second fiddle to political
and military upheavals during two decades of war, including the nearly
10-year Soviet military occupation (which ended 15 February 1989).
During that conflict one-third of the population fled the country,
with Pakistan and Iran sheltering a combined peak of more than 6
million refugees. In early 1999, 1.2 million Afghan refugees remained
in Pakistan and about 1.4 million in Iran. Gross domestic product has
fallen substantially over the past 20 years because of the loss of
labor and capital and the disruption of trade and transport. The
majority of the population continues to suffer from insufficient food,
clothing, housing, and medical care. Inflation remains a serious
problem throughout the country. International aid can deal with only a
fraction of the humanitarian problem, let alone promote economic
development. The economic situation did not improve in 1998-99, as
internal civil strife continued, hampering both domestic economic
policies and international aid efforts. Numerical data are likely to
be either unavailable or unreliable. Afghanistan was by far the
largest producer of opium poppies in 1999, and narcotics trafficking
is a major source of revenue.
GDP
purchasing power parity - $21 billion (1999 est.)
GDP - real growth rate
NA%
GDP - per capita
purchasing power parity - $800 (1999 est.)
GDP - composition by sector
agriculture: 53%
industry: 28.5%
services: 18.5% (1990)
Population below poverty line
NA%
Household income or consumption by percentage share
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
NA%
Labor force
8 million (1997 est.)
Labor force - by occupation
agriculture 68%, industry 16%, services
16% (1980 est.)
Unemployment rate
8% (1995 est.)
Budget
revenues: $NA
expenditures: $NA, including capital expenditures of $NA
Industries
small-scale production of textiles, soap, furniture,
shoes, fertilizer, and cement; handwoven carpets; natural gas, oil,
coal, copper
Electricity - production
430 million kWh (1998)
Electricity - production by source
fossil fuel: 41.86%
hydro: 58.14%
nuclear: 0%
other: 0% (1998)
Electricity - consumption
510 million kWh (1998)
Electricity - exports
0 kWh (1998)
Electricity - imports
110 million kWh (1998)
Agriculture - products
opium poppies, wheat, fruits, nuts, karakul
pelts; wool, mutton
Exports
$80 million (does not include opium) (1996 est.)
Exports - commodities
opium, fruits and nuts, handwoven carpets,
wool, cotton, hides and pelts, precious and semi-precious gems
Exports - partners
FSU, Pakistan, Iran, Germany, India, UK, Belgium,
Luxembourg, Czech Republic
Imports
$150 million (1996 est.)
Imports - commodities
capital goods, food and petroleum products;
most consumer goods
Imports - partners
FSU, Pakistan, Iran, Japan, Singapore, India,
South Korea, Germany
Debt - external
$5.5 billion (1996 est.)
Economic aid - recipient
US provided about $70 million in
humanitarian assistance in 1997; US continues to contribute to
multilateral assistance through the UN programs of food aid,
immunization, land mine removal, and a wide range of aid to refugees
and displaced persons
Currency
1 afghani (AF) = 100 puls
Exchange rates
afghanis (Af) per US$1 - 4,700 (January 2000), 4,750
(February 1999), 17,000 (December 1996), 7,000 (January 1995), 1,900
(January 1994), 1,019 (March 1993), 850 (1991); note - these rates
reflect the free market exchange rates rather than the official
exchange rate, which was fixed at 50.600 afghanis to the dollar until
1996, when it rose to 2,262.65 per dollar, and finally became fixed
again at 3,000.00 per dollar in April 1996
Fiscal year
21 March - 20 March
Locations:
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