IFC’s investment portfolio includes investments in the infrastructure sector (telecommunications, energy) and financial markets. [62] Poultry farming is widespread. Summarizes the World Bank Group and Afghanistan Reconstruction Trust Fund (ARTF)’s ongoing operations aimed at development in various sectors and job creation in Afghanistan. Building on the former Afghanistan Skills Development Project, this program will continue to strengthen the Technical Vocational Education and Training (TVET) institutional system, improve performance of TVET schools and institutes, and improve teacher competencies. A series of subsequent civil wars saw Kabul finally fall in 1996 to the Taliban, a hardline Pakistani-sponsored movement that emerged in 1994 to end the country's civil war and anarchy. In November 2020, Afghanistan secured $12 billion in additional international aid for 2021-2025, much of which is conditional upon Taliban peace progress. Found inside – Page 6440.3 years 20 = 53.3 thousand/month Hence, the 50-55 class interval has the maximum average salary. 38. (d) Required % = 7 × 100 = 35% 20 39. I have assumed that this income will grow at my estimate of the Afghani risk-free rate (11.95%). Found inside – Page 15First, security spending needs are projected to be high—stabilizing at about 15 percent of GDP after 2020— compared with other low-income countries.10 ... Amidst the COVID-19 Level 4 lockdown in New Zealand, Gavin Lloyd . For example, Afghanistan has an average literacy rate of 38 percent, while the international average is 84 percent. To date, the World Bank has provided a total of over 5.3 billion for development and emergency reconstruction projects, and eight budget support operations in Afghanistan. 2020 185 Afghanistan: 500: )1% (2015 est. Actor Sonu Sood evaded tax of over 20 crore rupees: Income Tax Department. The growth was attributed to international aid and to the end of droughts. Many tourists from around the world came to visit Afghanistan, including from as far away as Europe and North America. Enrollment in key priority disciplines (those that contribute to economic and social development) has increased substantially from 64,200 at the project baseline to about 81,900 . 50Y. In 2019, negotiations between the US and the Taliban in Doha entered their highest level yet, building on momentum that began in late 2018. Found inside – Page 26average number of personnel deployed in 2010 would decrease from that number in one ... through 2020 (although not necessarily in Afghanistan and Iraq). Urban Development: The Kabul Municipal Development Program increases access to basic urban services in certain residential areas of Kabul City. ), -0.1 migrant(s)/1,000 population (2021 est. The Afghanistan–Pakistan Transit Trade Agreement (APTTA) allows Afghan and Pakistani cargo trucks to transit goods within both nations. Roundwood production in 2003 was 3,148,000 cubic metres, with 44% used for fuel. Found inside – Page 441Its member states include Afghanistan, Bangladesh, Bhutan, India, Maldives, ... is an index of life expectancy, education and per capita income indicators. [132], Afghanistan currently generates over 600 megawatts (MW) of electricity from its several hydroelectric plants as well as using fossil fuel and solar panels. ), agriculture: 23% (2016 est. In urban areas: 850 communities have been mobilized with 850 CDCs having completed elections, 175 GAs registered, and 850 CDPs completed. "[122], GDP growth in Afghanistan dropped to 1.8% in 2018 as compared to 2.9% in 2017, partially because of drought. Also on the page is average income by state for households or individual workers, plus the median income and top 1% income for the same divisions. According to the The Global Expat Index it comes in ninth out of the 34 OECD countries when sorted by average income, and it's down in 32nd on the HSBC Expat Explorer Survey when looked at on income potential alone. ), severe localized food insecurity: due to civil conflict, population displacement, and economic slowdown - the food security situation worsened in recent months due to the impact of COVID‑19 as informal labor opportunities and remittances declined; between November 2020 and March 2021, about 13.15 million people were estimated to be in severe acute food insecurity and to require urgent humanitarian assistance, including 8.52 million people in "Crisis" and 4.3 million people in "Emergency"; the food security of the vulnerable populations, including IDPs and the urban poor, is likely to deteriorate as curfews and restrictions on movements to contain the COVID‑19 outbreak limit the employment opportunities for casual laborers (2021), municipal solid waste generated annually: 5,628,525 tons (2016 est. )$75.6 billion (2018 est. To learn more about cookies, click here. According to the International Monetary Fund, the Afghan economy grew 20% in the fiscal year ending in March 2004, after expanding 30% in the previous 12 months. [126], The country has four international airports, including the Hamid Karzai International Airport in Kabul; the Maulana Jalaluddin Balkhi International Airport in Mazar-i-Sharif; the Khwaja Abdullah Ansari International Airport in Herat; and the Ahmad Shah Baba International Airport in Kandahar. )services: 55.9% (2016 est. The highest average IQ scores belong to Singapore at 107.1, with China/Hong Kong (105.8/105.7), Taiwan (104.6), and South Korea (104.6) close behind. Found inside – Page 64Being a landlocked country, Afghanistan is becoming more dependent on aviation as a ... average and exponentially larger than the OECD High Income Average. )$74.711 billion (2017 est. After recovering from the 2018 drought and growing 3.9% in 2019, political instability, expiring international financial commitments, and the COVID-19 pandemic have wrought significant adversity on the Afghan economy, with a projected 5% contraction. [98][99][100] The Khanashin carbonatites in the Helmand Province of the country have an estimated 1 million metric tonnes of rare earth elements. The Citizens’ Charter supports the first phase of the Government of Afghanistan’s 10-year Citizens’ Charter National Program and will target one-third of the country. Afghanistan gdp per capita for 2018 was $494, a 5.03% decline from 2017. The Afghanistan Reconstruction Trust Fund (ARTF) was established in 2002 to provide a coordinated financing mechanism for the Government of Afghanistan’s budget and national investment projects. [32][33][20][34][35][36][37] The number of farms are steadily increasing. Top 10 countries for expat salary packages in 2020 14th January 2020. . The grant also includes 25 million U.S. dollars from IDA (International Development Association) and 50 million U.S. dollars from ARTF (Afghanistan Reconstruction Trust Fund). Salaries range from 19,700 AFN (lowest average) to 348,000 AFN (highest average, actual maximum salary is higher).. ASPD II is financing an academic partnership contract with Pune University in India. It then recovered to 2.5% in 2019, and was predicted to rise to 3.0% in 2020. [107], In December 2011, Afghanistan signed an oil exploration contract with China National Petroleum Corporation (CNPC) for the development of three oil fields along the Amu Darya river. country comparison to the world: 169, Exports - commodities: gold, grapes, opium, fruits and nuts, insect resins, cotton, handwoven carpets, soapstone, scrap metal (2019), Exports - partners: United Arab Emirates 45%, Pakistan 24%, India 22%, China 1% (2019), Imports: $7.616 billion (2017) Found insideThe January edition includes in-depth analyses of topical policy challenges faced by these economies, whereas the June edition contains shorter analytical pieces. This could play a major role in the future. Many of the goods that were smuggled into Pakistan have originally entered Afghanistan from Pakistan, where they fell under the 1965 APTTA. Additionally, the Afghanistan Reconstruction Trust Fund could provide up to $800 million per year in grants, depending on donor commitments. Median full-time female employees gained 2.5 percent, up to $47,299, says the September 15 report, titled, "Income and Poverty in the United States: 2019." According to the Federal Reserve report, the median income for families rose by five percent from 2016 to 2019. MAX. [23] Otherwise, it was not possible for outsiders, particularly westerners, to set up large-scale enterprises in Afghanistan during that period. September 16, 2020. Currently, the average salary in Albania is of $450 per month. The GDP per Capita in Afghanistan is equivalent to 4 percent of the world's average. The project has benefited from . Global data and statistics, research and publications, and topics in poverty and development, *Amounts include IBRD and IDA commitments, World Bank Support for Country Access to COVID-19 Vaccines, Environmental and Social Policies for Projects, Health Education Reduces Mortality Among Rural Afghans, International Development Association (IDA), Multilateral Investment Guarantee Agency (MIGA), Afghanistan Reconstruction Trust Fund (ARTF), Afghanistan National Peace and Development Framework, Tackling Afghanistan’s Government HRM and Institutional Reforms, The Women's Economic Empowerment–Rural Development Project, Country Update April 2021- The World Bank Group in Afghanistan, Supporting Inclusive Growth in Afghanistan, Afghanistan Country Partnership Framework, FY2017-20, 2020 Policy Note - Priorities for Inclusive Development in Afghanistan, Afghanistan Risk and Resilience Assessment (RRA). 84 791. country comparison to the world: 185, Current account balance: $1.014 billion (2017) 45 201. Operations resumed in May 2002 to help meet the immediate needs of the poorest people while assisting the government in developing the administrative systems required for longer-term nationwide development. FDI Inflow: $38.5 million. The following are some notable places in Afghanistan that tourists find worth visiting: The majority of the following information is taken from, or adapted from The World Factbook, GDP: purchasing power parity $78.557 billion, with an exchange rate at $20.24 billion (2019 estimates), GDP - per capita: purchasing power parity - $2,065 (2019), Gross national saving: 22.7% of GDP (2017). Found inside – Page 27Above-average. 2020. cereal. production. forecast. Harvesting of the 2020 winter ... Although favourable weather conditions prevailed across Afghanistan ... Found inside – Page 133In the baselinescenario, average public debt is expected to increase from 47 ... The sharpestincrease would, unsurprisingly, be experienced in low-income ... Afghanistan’s trade deficit remains at approximately 31% of GDP and is highly dependent on financing through grants and aid. An emphasis was placed on the manufacture of weapons and other military material. The illicit economy accounts for a significant share of production, exports, and employment, and includes opium production, smuggling, and illegal mining. The most typical earning is 17,492,806 IQD.All data are based on 143 salary surveys. Since 2010, OECD average household disposable income per capita has increased by 6%, cumulatively. However, several major donors provided only single-year pledges, with future support made conditional upon the government achieving accelerated progress in efforts to combat corruption, reduce poverty, and advance ongoing peace talks. your username. Found inside – Page 56decades of Afghan warfare , in which all sides have constantly fought and ... per month for a raw recruit ( the average yearly income in Afghanistan is less ... Average Amentum hourly pay ranges from approximately $15.72 per hour for Document Specialist to $61.40 per hour for Facilities Manager. The average Amentum salary ranges from approximately $33,223 per year for Warehouse Specialist to $136,900 per year for Electrical Engineer. [6] It imports over $6 billion worth of goods but exports about $1 billion worth of legal products,[19] mainly fruits and nuts.[14][20]. AFISCO, an Indian consortium of seven companies, led by the Steel Authority of India Limited (SAIL), and Canada's Kilo Goldmines Ltd are expected to jointly invest $14.6 billion in developing the Hajigak iron mine. [133] The Afghan National Development Strategy has identified alternative energy, such as wind and solar energy, as a high value power source to develop. 45 693. [66], According to the World Bank's report published in April 2019, Afghanistan's economy suffered from the consequences of a severe drought that affected the agriculture production in 2018. Afghanistan’s biggest economic challenge is finding sustainable sources of growth. To date, the World Bank has committed more than $5.3 billion for development projects. Many households in central, northern, southern, and western . Cheremytsin", NASA Confirms Gas, Mineral Reserves In Afghanistan, "Afghanistan signs major mining deals in development push", "Indian, Canadian firms to invest $ 14.6b in Hajigak iron mine", Afghanistan signs '$7 bn' oil deal with China, "Afghanistan, China sign first oil contract", China's CNPC begins oil production in Afghanistan, "Kabul New City Faces Continued Resistance", "Afghanistan Imports $500m Worth Of Textiles Annually", "Coming Soon To Afghanistan: Pepsi Products", Dairy Industry Revitalization Project for Afghanistan, "World Bank offers Afghanistan 235 mln USD for supporting development", "IMF, Islamic Republic of Afghanistan : Staff Report for the 2019 Article IV Consultation and the Sixth Review under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Afghanistan", "Global Economic Prospects, January 2020 : Slow Growth, Policy Challenges", "20,000 foreign tourists visit Afghanistan annually", "Report for Selected Countries and Subjects", "$1.5b borrowed, $300m debt repaid in past 17 years", "Afghanistan Annually Pays $280M for Imported Power", "ADB to provide $44.76m for construction of solar power plant", "Fifty-two investors interested in Afghanistan's 2,000 MW solar energy plan", "First-ever Kabul solar energy plant goes functional", "First-ever solar-wind power plant goes functional in Herat", "Solar Power Plants To Be Inaugurated In Kabul, Kandahar", "Eastern Provinces To Get Solar Energy Boost", "Solar power in Afghanistan to get $44.76 million boost", Private firms to build 30-MW solar park in Afghanistan, ECOsys Implements the Hybrid Solar and Wind Power Plant in Herat Province-Afghanistan, Solar powered hatchery in Balkh to increase poultry production, Islamic Emirate of Afghanistan (1996–2001), Trade-Related Aspects of Intellectual Property Rights, Special administrative regions of the People's Republic of China, Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, South Asian Association for Regional Cooperation, SAARC Consortium on Open and Distance Learning, South Asia Co-operative Environment Programme, Foundation of SAARC Writers and Literature, https://en.wikipedia.org/w/index.php?title=Economy_of_Afghanistan&oldid=1044982740, World Trade Organization member economies, Articles with dead external links from May 2012, Short description is different from Wikidata, Wikipedia articles incorporating text from the World Factbook, Creative Commons Attribution-ShareAlike License, note: not including illicit exports or reexports, Aino Mina (provides safe guesthouses/hotels and tour guides), Officially the Republic of China, participates as ", This page was last edited on 18 September 2021, at 04:12. [115] Similar development projects are also found in Herat in the west, Mazar-e-Sharif in the north and in other cities. U.S. Army employees with the job title Information Technology (IT) Director make the most with an average annual salary . Visit the Definitions and Notes page to view a description of each topic. The data for these 11 economies are a population-weighted average for the 2 largest business cities. In 2019, the year before the pandemic shuttered numerous businesses and kept people inside, median household income was at its inflation-adjusted highest rate since 1967, but decreased by nearly 3 . [97] Some believe that the untapped minerals are worth up to $3 trillion. The Bank-administered Afghanistan Reconstruction Trust Fund has raised more than $12.9 billion. The median household income has been steadily rising since it was $58,001 in 2014. At the Geneva conference held in November 2020, donors renewed their commitment to aid support to Afghanistan for 2021-2024. Afghanistan gdp per capita for 2019 was $507, a 2.7% increase from 2018. The northern regions around Mazar-i-Sharif and Maymana were the home range for about six million karakul sheep in the late 1990s. Log into your account. These services are part of a minimum service standards package that the government is committed to delivering to the citizens of Afghanistan. )note: data are in 2017 dollars, 22.7% of GDP (2017 est. [67], Afghanistan is landlocked with no direct access to an ocean but it has a number of reservoirs, lakes, ponds, rivers and streams,[68] which make it a suitable climate for fish farming. The median salary or the middle salary value is 159,000 CAD per year. Current political parties’ power-sharing agreement following the September 2019 presidential elections as well as ongoing Taliban attacks and peace talks have led to Afghan economic instability. Afghanistan gni per capita for 2018 was $520, a 1.89% decline from 2017. Continuing internal strife severely hampered domestic efforts to rebuild the nation or provide ways for the international community to help. Household annual average income Japan 2011-2020. A brief experiment in increased democracy ended in a 1973 coup and a 1978 communist countercoup. country comparison to the world: 85, Debt - external: $284 million (2021)[130] According to the most recent data, the country with the lowest average IQ score is Malawi at 60.1. ), degree of risk: intermediate (2020)food or waterborne diseases: bacterial diarrhea, hepatitis A, and typhoid fevervectorborne diseases: Crimea-Congo hemorrhagic fever, malaria, definition: age 15 and over can read and writetotal population: 43%male: 55.5%female: 29.8% (2018), total: 10 yearsmale: 13 yearsfemale: 8 years (2018), total: 17.6%male: 16.3%female: 21.4% (2017), limited natural freshwater resources; inadequate supplies of potable water; soil degradation; overgrazing; deforestation (much of the remaining forests are being cut down for fuel and building materials); desertification; air and water pollution in overcrowded urban areas, particulate matter emissions: 53.17 micrograms per cubic meter (2016 est. This is the average monthly salary including housing, transport, and other benefits. The COVID19 crisis imposed a heavy burden on the economy, public finances, and private sector investment in 2020. The project continues to support business development in the areas previously covered by Afghanistan Rural Enterprise Development Program. Included in this amount are all salaries and wages but also other unearned income on investments or capital gain. ), urban population: 26.3% of total population (2021)rate of urbanization: 3.34% annual rate of change (2020-25 est. Social Service Delivery: The Citizens’ Charter Afghanistan Project (Citizens’ Charter) is the successor to the highly successful National Solidarity Programme (NSP), which introduced a community-driven development approach toward rural infrastructure and service delivery and reached about 35,000 communities over 14 years. With the COVID-19 crisis, the TUP was expanded to cover an additional 1,100 households in these two provinces. Following the 11 September 2001 terrorist attacks, a US, Allied, and anti-Taliban Northern Alliance military action toppled the Taliban for sheltering Usama BIN LADIN. The World Bank provides free and open access to a comprehensive set of data about development in countries around the globe, including Afghanistan. Anwesha Majumdar. ), 36.08 births/1,000 population (2021 est. It seeks to complete the so-called New Silk Road trade project, which is aimed to connecting South Asia with Central Asia and the Middle East. ), revenues: 2.276 billion (2017 est. The 2014 presidential election was the country's first to include a runoff, which featured the top two vote-getters from the first round, Abdullah ABDULLAH and Ashraf GHANI. Once in Afghanistan, the goods were often immediately smuggled back into Pakistan over the porous border that the two countries share, often with the help of corrupt officials. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. GDP per capita (current US$) - Afghanistan. )2.2% (2016 est. In European OECD countries, 1 in 5 households find it difficult to make ends meet, and across the OECD nearly 1 in 8 live . This will support gradual introduction of blended learning, incorporating e-learning into the university curriculum, as well as recognition of blended learning toward program credits. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Rank. It was reorganized in 1880 during Emir Abdur Rahman Khan's reign. Gas production has dropped from a high of 8.2 million cubic metres (2.9 × 108 cu ft) per day in the 1980s to a low of about 600,000 cubic meters (2.2 × 107 cu ft) in 2001. )21.4% of GDP (2015 est. Family of four estimated monthly costs are 1,212.87$ (105,204.82AFN) without rent. More than 600 KCDCs prepared their CDPs and 364 sub projects proposals have been submitted. Education in rural areas is especially low. The government founded banks; introduced paper money; established a university; expanded primary, secondary, and technical schools; and sent students abroad for education. 85 122. called Afghanistan 1400, referring to the year . The average salary of an individual in Canada is around 169,000 CAD per year. Credit: Unsplash. Rent in Afghanistan is, on average, 92.01% lower than in United States. ), Overall score: 44.1 (2020)Starting a Business score: 92 (2020)Trading score: 30.6 (2020)Enforcement score: 31.8 (2020), wheat, milk, grapes, vegetables, potatoes, watermelons, melons, rice, onions, apples, small-scale production of bricks, textiles, soap, furniture, shoes, fertilizer, apparel, food products, non-alcoholic beverages, mineral water, cement; handwoven carpets; natural gas, coal, copper, agriculture: 44.3%industry: 18.1%services: 37.6% (2017 est. However, educational attainment and participation rates across Afghanistan remain severely depressed. Under the Afghanistan Second Skills Development Program, 100 national occupational skills standards have been benchmarked to an international level with the support of an international certification agency, and corresponding curricula developed for 15 trades. Men receive an average salary of 77,163,685 IQD.Women receive a salary of 31,253,814 IQD.. Throughout the summer of 2014, their campaigns disputed the results and traded accusations of fraud, leading to a US-led diplomatic intervention that included a full vote audit as well as political negotiations between the two camps. Census: Income down, but COVID-19 stimulus prevented widespread poverty. )$6.16 billion (2016 est. ), total: 19.5 yearsmale: 19.4 yearsfemale: 19.5 years (2020 est. Salaries averaged $1,295,942 on expanded opening-day rosters after prorated pay was factored in, according to the AP study.
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