Economic Condition of Afghanistan
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Transcript of Economic Condition of Afghanistan
ECONOMIC CONDITION OF AFGHANISTAN
Economy before soviet invastion
• Before the Soviet invasion in 1979, the economy was almost entirely controlled by the government of Afghanistan, with most investments taking place within the public sector
The private sector extended only to agriculture and trade.
Economy of Afghanistan
The economy of Afghanistan has improved significantly since 2002 due to the infusion of billions of dollars in international assistance and investments as well as remittances from Afghan expats
The help that came from expats and outside investments saw this significant increase when there was more political reliability after the fall of the many terrorists groups in the early 2000s like the Taliban. The recent improvement is also due to dramatic improvements in agricultural production and the end of a four-year drought in most of the country.
Trade organizations
SAARC (South Asian Association Regional Cooperation )
ECO (Economic Cooperation Organization )
SCO (Shanghai Cooperation Organization )
WTO
CURRENCY AFGHANI (AFN)
FISCAL YEAR
21 MARCH
GDP
GDP $22 billions (2014)
Growth 6.40% (2014)
GDP by sector (2011)
Agriculture: 20%
Industry: 25.6%
Services: 54.4%
Different rates of economy
Inflation rate is 6.11% (2014)
Population below poverty line 36% (2009)
Labor forcer 7.512 million (2012)
Labor forcer by occupation (2008)
Agriculture 78.6%
Industry 5.7%
Services 15.7%
Unemployment 8.6% (2015) ( source world bank)
Main 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
External sources
Exports $376 millions
Exports goods
opium, fruits and nuts, Afghan rugs, wool, cotton, hides , pelts and gemstone
Exports partners
Pakistan =33.1%
India =29.1%
Tajikistan=8.7%
United states=5.8%
Imports
6.9billion dollars
imports goods
Machinery , capital goods, petroleum products
Imports partner (2012)
Pakistan 25.8%
United states 17.8%
Russia 8.4%
India 5.5%
Kazakhstan 4.5%
Germany 4.3%
THANK YOU FOR YOUR ATTENTION.