Economy of Afghanistan

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The economy of Afghanistan has improved significantly since 2002 due to the infusion of billions of US dollars in international assistance and investments,[3] as well as remittances from expats.[4] It is also due to dramatic improvements in agricultural production and the end of a four-year drought in most of the country. However, Afghanistan still remains one of the poorest and least developed countries in the world that is highly dependent on foreign aid. As of 2009, the nation's GDP is $14 billion and the GDP per capita is $1,000.[1]

About half the population suffer from shortages of housing, clean drinking water, electricity and employment. The Government of Afghanistan and international donors have remained committed to improving access to these basic necessities by prioritizing infrastructure development, education, housing development, jobs programs, medical care, and economic reform over the recent years. The replacement of the opium trade, which probably makes up about one-third of the country's GDP, is one of several potential spoilers for the economy over the long term.[citation needed]

Contents

Economic history

Historically, there has been a dearth of information and reliable statistics about Afghanistan's economy.

The Soviet invasion of 1979 and ensuing civil war destroyed much of the country's limited infrastructure and disrupted normal patterns of economic activity, and eventually Afghanistan went from a traditional economy to a centrally planned economy up until 2001[citation needed] when it was replaced by a free market economy. Gross domestic product has fallen substantially since the 1980s due to disruption of trade and transport as well as loss of labor and capital. Continuing internal strife severely hampered domestic efforts to rebuild the nation or provide ways for the international community to help.

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