According to Trading Economics global macro models and analysts, Afghanistan’s GDP is predicted to reach $20.46 billion by the end of 2021. According to our econometric models, Afghanistan’s GDP is expected to trend at 21.43 billion dollars in 2022.
What is the GDP of Afghanistan?
Afghanistan’s GDP in 2020 was $20,116 million, putting it at number 112 in our ranking of 196 nations by GDP. Afghanistan’s GDP increased by $1,240 million in absolute terms in 2019.
Is Afghanistan wealthy or impoverished?
Afghanistan is one of the poorest nations on the planet. Poverty is pervasive in Afghanistan’s rural and urban areas. Poverty in Afghanistan, on the other hand, is said to be concentrated primarily in rural areas. Rural areas are home to four out of every five poor people, according to estimates. Many newborns and toddlers are stunted, emaciated, and die each year in these rural areas because of a lack of proper nutrition. The East, Northeast, and West-Central regions of Afghanistan have about half of the population living in poverty. According to the Afghan government, 42 percent of the Afghan population lives in poverty. In addition, 20% of persons living just above the poverty line are at risk of sliding into poverty.
What is Afghanistan’s most valuable export?
Overview According to the Economic Complexity Index, Afghanistan was the world’s number 111 economy in terms of GDP (current US$), number 140 in total exports, number 113 in total imports, number 188 in terms of GDP per capita (current US$), and the number 109 most complicated economy in 2020. (ECI).
Exports Gold ($542 million), grapes ($181 million), other nuts ($141 million), tropical fruits ($135 million), and raw cotton ($114 million) are Afghanistan’s top exports, with most of it going to the United Arab Emirates ($572 million), India ($499 million), Pakistan ($492 million), China ($54.3 million), and Saudi Arabia ($27.4 million).
Wheat Flours ($554 million), Rolled Tobacco ($473 million), Raw Sugar ($200 million), Refined Petroleum ($195 million), and Electricity ($193 million) are Afghanistan’s top imports, with most of them coming from the United Arab Emirates ($1.66 billion), Pakistan ($870 million), India ($855 million), Kazakhstan ($622 million), and the United States ($603 million).
Location On the land, Afghanistan shares boundaries with China, Iran, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan.
What is Afghanistan’s most important international export?
Carpets and rugs account for 45 percent of Afghanistan’s total exports, followed by dried fruits (31%), and medicinal plants (13%). (12 percent). Pakistan (48 percent of total exports), India (19 percent), and Russia are the main export partners (9 percent).
What causes Afghanistan’s poverty?
For many families, the cycle of poverty continues due to the difficulty of obtaining an education.
- The leading cause of poverty is armed conflict: Increases and declines in Taliban rule in Afghanistan are strongly tied to poverty. Between 2012 and 2017, as the Taliban’s authority grew in Afghanistan, the percentage of people living in poverty soared from 38% to 55%. The World Bank believes that reaching a political agreement with the Taliban would be a significant step toward attracting capital and qualified people from other countries.
- Migration of young people is a problem: Since 2015, over 146,000 young Afghan laborers have migrated to Europe each year in search of a better life. The Afghan government is still struggling to keep young people in the nation, and in 2015 it launched an attempt to assist the 700,000 newcomers to the Afghan workforce in finding work. However, the program was unable to raise sufficient funds to make an impact.
- Conflict and famine forced more than 550,000 new Afghan people to flee their homes in 2018. Afghanistan is finding it harder to retain talented professionals due to displacement and a shrinking young professional population.
- Government corruption adds gasoline to the fire: Afghanistan’s GDP increased by only 2% in 2018. According to the World Bank, government corruption is a direct cause of the slowing economy. As a result, aid to impoverished communities is frequently delayed or never arrives, and economic growth benefits primarily the country’s top 1%. (and former warlords).
- Iran has an impact on Afghanistan’s poverty: Between 2.5 and 3 million Afghans have fled their homes to seek better economic possibilities in Iran. As they transfer their Iranian income home to their family, these migrants have been an important component of the economy. Unfortunately, with the collapse of the Iranian economy, so have the available earnings. The rial has lost almost 70% of its value, severely limiting workers’ capacity to support their family back home.
- Programs are hampered by a lack of data: It has been 40 years since the Afghan government has been able to perform a proper census or any other type of demographic survey due to warfare and a lack of resources. Because there is little data to inform judgments on where to allocate help, planning and poverty programs are challenging.
- Afghanistan had a “artificial” economy from 2011 to 2014, which meant that the country’s economic growth and development were entirely reliant on foreign aid, with little to no domestic participation. Following the withdrawal of foreign funding and troops in 2014, the country has struggled to re-ignite its economy.
- Hope can be found in research: In 2015, the World Bank launched a pilot program to help disadvantaged persons improve their economic outcomes. A temporary stipend and financial coaching were provided to households in the Balkh province as part of the program. The results revealed a 20% reduction in the number of households living below the national poverty line, a 30% rise in spending, a 17% decrease in female despair, and a 53% reduction in debt. These findings were published by the World Bank in 2019, and they are the first evidence of similar targeted programs for underprivileged areas in conflict zones.
- The World Bank feels there is possibility for future economic growth in Afghanistan based on existing trends. Afghanistan’s prospects are looking higher, according to the 2019 World Bank assessment, with a forecast 2.5 percent growth in 2019 and up to 3.5 percent growth in 2021.
- Aid must be provided indefinitely: As of 2019, grants fund more than 75% of Afghanistan’s government spending. Humanitarian workers from the United Nations have warned that cutting off help to Afghanistan might undermine the country’s sluggish but steady improvement since 2001.
- Right now, Congress is debating the 2020 aid package: For the fiscal year 2020, the Department of State and USAID have sought $532.8 million in funding. This request has not yet been authorized at the time of writing.
What is the literacy rate in Afghanistan?
Afghanistan, a landlocked country in south-central Asia, is home to a diverse ethnic population and crucial trading routes. With poets like Reza Mohammadi and Khaled Hosseini, the country also has a significant literary tradition. Unfortunately, literacy rates in Afghanistan are among the lowest in the world, at around 45 percent for men and 17 percent for women, due to the rise of the Taliban dictatorship and catastrophic wars. With the deployment of his mobile bicycle libraries in 2018, Idress Siyawash had the goal to increase literacy rates in Afghanistan.
Mobile Bicycle Libraries
Read Books, or Ketab Lwast, is an initiative created by Idress Siyawash to provide books and learning opportunities for Afghan children, particularly in rural areas. Siyawash is an Afghan student at Jahan University in Kabul. He and his colleagues travel to Afghanistan’s rural districts once a week to provide books to children. To excite the children and motivate them to learn, they ride about town on bright blue bicycles with baskets full with books. Then they assemble all of the children and educate them to read, write, talk, and appreciate the value of education. Female volunteers visit moms and fathers in their homes, encouraging them to send their daughters to school. The female volunteers act as role models for parents who want their girls to have a better, more equitable life.
Motives and Inspiration
Afghanistan’s educational levels are much lower than those of other countries. Afghanistan, for example, has a literacy rate of 38 percent, compared to an international average of 84 percent. Rural communities have a very low level of education. Gender inequality has an impact on education in Afghanistan, as many women do not have permission to attend school, and female teachers account for less than 10% of all teachers in most regions.
Siyawash was adamant about increasing literacy rates in Afghanistan and changing Afghani views toward gender equality in school. “Our objective is to illustrate that reading is pleasurable and explain why education is so vital,” Siyawash said in an interview. If we give the children books, we might be able to help end the style of thinking that is preventing this country from progressing.”
Obstacles and Solutions
Distance is one of the most significant barriers to education in Afghanistan. Some students, particularly those living in rural areas, must walk for hours to get to school. Children in Badakhshan province, for example, walk four hours each day to and from the nearest government-supported school. Siyawash’s bicycle concept efficiently overcomes this barrier by bringing education directly to the children.
Another impediment is Afghanis’ fear of the Taliban regime, particularly among women. Despite being accosted and threatened twice by Taliban militants, Siyawash and his team continue to travel and deliver services to children because they believe in a “better future for Afghanistan.”
Read Books’ goal of increasing literacy rates in Afghanistan has been achieved. In just a few years, Afghanistan’s literacy rate increased from 38 percent in 2015 to 43 percent in 2018. Overall, Afghanistan’s educational future appears to be brighter.
What is Afghanistan famous for?
Afghanistan’s diverse landscape allows for a wide range of crops. Afghan cuisine is based on wheat, maize, barley, and rice, which are the country’s primary crops. Afghans, unlike their Pakistani neighbors, do not like spicy food. The most essential aspect of the Afghan diet is fresh and dried fruits. Afghanistan is famous for its delicious fruits, particularly pomegranates, grapes, and extra-sweet jumbo-size melons.
What is the foundation of Afghanistan’s economy?
Afghanistan is one of the poorest countries in the planet. Years of conflict and political unrest have left the country in shambles and reliant on outside assistance. Agriculture is the country’s main source of revenue, and during good years, Afghanistan produces enough food and food products to feed its people while also creating a surplus for export. Corn, rice, barley, wheat, vegetables, fruits, and nuts are the main food crops grown. Agriculture and pastoral raw materials are also used in Afghanistan’s industry. Cotton, tobacco, madder, castor beans, and sugar beets are the most important industrial crops. Sheep farming is also quite profitable. Wool and highly valuable Karakul skins are the most important sheep products exported. Afghanistan is a country with abundant natural resources. Mineral and precious stone deposits, as well as natural gas and undeveloped petroleum reserves, abound. Some of these resources have been fully utilized, while others have remained mostly untapped.
- Pakistan, South Korea, Japan, Germany, Turkmenistan, Kenya, the United States, and Russia are all import partners.