AEIR 2019/2020

Economic growth rose to an estimated 3.0% in 2019 from 2.7% in 2018. Welcome rains helped agriculture grow about 5.0% after a drought-induced 0.9% contraction in 2018. With agriculture providing 19.0% of GDP, the recovery boosted incomes and private consumption. This compensated for a slowdown in industry (from its strong 7.6% expansion in 2018) and sluggish growth in services. Inflation averaged 2.3% as the afghani depreciated and food inflation rose to 3.8%. The current account deficit widened to 32.2% of GDP from 27.5% in 2018 as exports fell by 10.4%. GDP growth is expected to remain unchanged at 3.0% in 2020, improving to 4.0% in 2021, supported by better prospects for long-term political stability and security.
Source: Asian Development Outlook 2020, ADB
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 3.0 (Mar20)3.8 1.8
Merchandise Export Growth 1 -64.1 (May20)-64.1 -93.1
Exchange Rate Index 2 155.3 (Aug20)155.6 158.1
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

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