The Gross Domestic Product (GDP) in Afghanistan expanded 2.90 percent in 2019 from the previous year. Afghanistan GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Afghanistan averaged 6.12 percent from 2007 until 2019, reaching an all time high of 17.20 percent in 2009 and a record low of -1.80 percent in 2015. This page provides - Afghanistan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Afghanistan is expected to reach 3.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Afghanistan GDP Annual Growth Rate is projected to trend around 4.10 percent in 2021 and 4.60 percent in 2022, according to our econometric models.

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Afghanistan GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 -0.20 17.20 -1.80 2007 - 2019 percent Yearly

Afghanistan GDP Annual Growth Rate
Afghanistan is one of the poorest and least developed countries in the world. Since the collapse of the Taliban government and the NATO led invasion in 2001, the economy has been steadily growing due to the influx of foreign aid and investments. However, security threats, the lack of infrastructure and endemic corruption have been hampering economic activity. Agriculture (23 percent of GDP) is the most important sector of the economy, as the majority of the population is dependent on crops. The industrial sector accounts for 21 percent of total GDP, mostly due to manufacturing (11 percent) and construction (9.2 percent). The resurgence of the public sector has led to growth in services, which now account for around 52 percent of GDP. The services sector main segments are transport, storage & communication (24 percent); government services (12.5 percent) and wholesale & retail trade (6.3 percent).