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Afghanistan’s economy since 2002

in Afghan Business

Afghanistan’s economy since 2002

Afghanistan children in the creekAccording to a report by BBC, Afghanistan has witnessed a 70% increase in its Gross Domestic Product (GDP) since 2002.

The GDP has increased from USD 3bn in 2002 to USD 20bn in 2012.

The central bank’s foreign exchange reserves have shown a 100% increase. In 2002, the central bank held close to zero foreign exchange reserves, while last year the amount stood at USD 6 billion.

Mobile telephone users have reached to 18 million.

Changes in the transportation system of the country have been remarkable, with thousands of kilometers of asphalted roads and establishment of airports and railway lines.

However, Afghanistan remains to be one of the poorest nations in the world. Unemployment stands at 40% and 36% of the population live below the poverty line. Shortages of housing, potable water and electricity are cited as the major challenges of the country.

Addressing economic challenges of the nation was hardly penciled in the last two election campaigns by any of the candidates.

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