Afghanistan's rough physical geography and its landlocked status have been cited as reasons why the country has always been among the least developed in the modern. The country imports over $7 billion worth of goods but exports only $784 million, mainly fruits and nuts. It has $2.8 billion in external debt. The service sector contributed the most to the GDP (55.9%) followed by agriculture (23%) and industry (21.1%).<br>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 75 Afghanis to 1 US dollar. A number of local and foreign banks operate in the country, including the Afghanistan International Bank, New Kabul Bank, Azizi Bank, Pashtany Bank, Standard Chartered Bank, and the First Micro Finance Bank.<br>Afghanistan's economy faces significant challenges due to years of conflict and instability. The country's economy relies heavily on agriculture, with opium production being a significant contributor.
Top Sectors in Afghanistan
Agriculture in Afghanistan
Agricultural production is the backbone of Afghanistan's economy and has traditionally dominated the economy, employing about 40% of the workforce as of 2018. The country is known for producing pomegranates, grapes, apricots, melons, and several other fresh and dry fruits. Afghanistan is also one of the world's top producers of cannabis.
Mining in Afghanistan
The country's natural resources include: coal, copper, iron ore, lithium, uranium, rare earth elements, chromite, gold, zinc, talc, barite, sulfur, lead, marble, precious and semi-precious stones, natural gas, and petroleum. In 2010, US and Afghan government officials estimated that untapped mineral deposits located in 2007 by the US Geological Survey are worth at least $1 trillion.
Tourism in Afghanistan
Band-e Amir National Park Tourism is a small industry in Afghanistan due to security issues. Nevertheless, some 20,000 foreign tourists visit the country annually as of 2016. In particular, an important region for domestic and international tourism is the picturesque Bamyan Valley, which includes lakes, canyons, and historical sites, helped by the fact it is in a safe area away from insurgent activity. Smaller numbers visit and trek in regions such as the Wakhan Valley, which is also one of the world's most remote communities. From the late 1960s onwards, Afghanistan was a popular stop on the famous hippie trail, attracting many Europeans and Americans. Coming from Iran, the trail traveled through various Afghan provinces and cities including Herat, Kandahar, and Kabul before crossing to northern Pakistan, northern India, and Nepal. Tourism peaked in 1977, the year before the start of political instability and armed conflict.
Communication in Afghanistan
Telecommunication services in Afghanistan are provided by Afghan Telecom, Afghan Wireless, Etisalat, MTN Group, and Roshan. The country uses its own space satellite called Afghansat, which provides services to millions of phone, internet, and television subscribers. By 2001 following years of civil war, telecommunications was virtually a non-existent sector, but by 2016 it had grown to a $2 billion industry, with 22 million mobile phone subscribers and 5 million internet users. The sector employs at least 120,000 people nationwide.
Transportation in Afghanistan
Due to Afghanistan's geography, transport between various parts of the country has historically been difficult. The backbone of Afghanistan's road network is Highway, often called the "Ring Road", which extends for 2,210 kilometres and connects five major cities: Kabul, Ghazni, Kandahar, Herat, and Mazar-i-Sharif, with spurs to Kunduz and Jalalabad and various border crossings, while skirting around the mountains of the Hindu Kush.The Ring Road is crucially important for domestic and international trade and the economy. A key portion of the Ring Road is the Salang Tunnel, completed in 1964, which facilitates travel through the Hindu Kush mountain range and connects northern and southern Afghanistan. It is the only land route that connects Central Asia to the Indian subcontinent. Several mountain passes allow travel between the Hindu Kush in other areas. Air transport in Afghanistan is provided by the national carrier, Ariana Afghan Airlines, and by the private company Kam Air. Airlines from a number of countries also provide flights in and out of the country. These include Air India, Emirates, Gulf Air, Iran Aseman Airlines, Pakistan International Airlines, and Turkish Airlines.