Afghanistan is an impoverished and least developed country, one of the world's poorest due to the decades of war and nearly complete lack of foreign investment. The nation's GDP stands at about $27 billion with an exchange rate of $15 billion, and the GDP per capita is about $900. Its unemployment rate is 35% and roughly the same percentage of its citizens live below the poverty line. About 42% of the population live on less than $1 a day, according to a 2009 report. On the positive side, the nation has a very low external debt and is recovering by the assistance of the world community.
The Afghan economy has been growing at about 10% per year in the last decade, which is due to the infusion of over $50 billion dollars in international aid and remittances from Afghan expats. It is also due to improvements made to the transportation system and agricultural production, which is the backbone of the nation's economy. The country is known for producing some of the finest pomegranates, grapes, apricots, melons, and several other fresh and dry fruits, including nuts.
While the nations's current account deficit is largely financed with the donor money, only a small portion is provided directly to the government budget. The rest is provided to non-budgetary expenditure and donor-designated projects through the United Nations system and non-governmental organizations. The Afghan Ministry of Finance is focusing on improved revenue collection and public sector expenditure discipline. For example, government revenues increased 31% to $1.7 billion from March 2010 to March 2011.
Da Afghanistan Bank serves as the central bank of the nation and the "Afghani" (AFN) is the national currency, with an exchange rate of about 47 Afghanis to 1 US dollar. Since 2003, over 16 new banks have opened in the country, including Afghanistan International Bank, Kabul Bank, Azizi Bank, Pashtany Bank, Standard Chartered Bank, First Micro Finance Bank, and others.
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