structural:scholar_edition, linguistic:paraphrasing
Economy

Afghanistan's nominal GDP was $20.1 billion in 2020, or $81 billion by purchasing power parity (PPP). Its GDP per capita is $2,459 (PPP) and $611 by nominal. Despite having $1 trillion or more in mineral deposits, it remains one of the world's least developed countries. Afghanistan's rough physical geography and its landlocked status has been cited as reasons why the country has always been among the least developed in the modern era – a factor where progress is also slowed by contemporary conflict and political instability. 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%).

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.

One of the main drivers for the current economic recovery is the return of over 5 million expatriates, who brought with them entrepreneurship and wealth-creating skills as well as much needed funds to start up businesses. Many Afghans are now involved in construction, which is one of the largest industries in the country. Some of the major national construction projects include the $35 billion New Kabul City next to the capital, the Aino Mena project in Kandahar, and the Ghazi Amanullah Khan Town near Jalalabad. Similar development projects have also begun in Herat, Mazar-e-Sharif, and other cities. An estimated 400,000 people enter the labor market each year.

Several small companies and factories began operating in different parts of the country, which not only provide revenues to the government but also create new jobs. Improvements to the business environment have resulted in more than $1.5 billion in telecom investment and created more than 100,000 jobs since 2003. Afghan rugs are becoming popular again, allowing many carpet dealers around the country to hire more workers; in 2016–17 it was the fourth most exported group of items.

Afghanistan is a member of WTO, SAARC, ECO, and OIC. It holds an observer status in SCO. In 2018, a majority of imports come from either Iran, China, Pakistan and Kazakhstan, while 84% of exports are to Pakistan and India.

Since the Taliban's takeover of the country in August 2021, the United States has frozen about $9 billion in assets belonging to the Afghan central bank, blocking the Taliban from accessing billions of dollars held in US bank accounts.

The GDP of Afghanistan is estimated to have dropped by 20% following the Taliban return to power. Following this, after months of free-fall, the Afghan economy began stabilizing, as a result of the Taliban's restrictions on smuggled imports, limits on banking transactions, and UN aid. In 2023, the Afghan economy began seeing signs of revival. This has also been followed by stable exchange rates, low inflation, stable revenue collection, and the rise of trade in exports. In the third quarter of 2023, the Afghani rose to be the best performing currency in the world, climbing over 9% against the US dollar.