Egypt’s crashes cost the country

Egypt’s high rate of road crashes is having a damaging effect on the country’s economy. According to the Central Agency for Public Mobilisation and Statistics (CAPMAS), road crashes are having a drain on Egypt’s GDP of around US$3.44 billion/year. This is resulting in a major financial impact on Egypt’s economy that the country can ill afford. Worryingly, the impact of road crashes on Egypt’s economy is expected to climb to around $3.5 billion/year by 2020. On a positive note however, the number of car cras
August 24, 2016 Read time: 1 min
Egypt’s high rate of road crashes is having a damaging effect on the country’s economy. According to the Central Agency for Public Mobilisation and Statistics (CAPMAS), road crashes are having a drain on Egypt’s GDP of around US$3.44 billion/year. This is resulting in a major financial impact on Egypt’s economy that the country can ill afford. Worryingly, the impact of road crashes on Egypt’s economy is expected to climb to around $3.5 billion/year by 2020. On a positive note however, the number of car crashes in Egypt has now dropped by 1.4% compared with the previous year.

Related Content

  • Wacker Neuson reports strong growth for 2022
    March 29, 2023
    Wacker Neuson is reporting strong growth for 2022.
    Read More
  • France shows improving road safety while Germany sees decline
    July 12, 2012
    A very different road safety picture is emerging in two European nations, France and Germany. In France, the road fatality rate fell 4.7% for the month of June 2012, compared with the same period in the previous year. Some 320 people were killed on French roads in June 2012. In May 2012, the road death rate in France was only 0.9% lower than for the same period in the previous year. But in April 2012 the road death rate dropped 22.2% compared with 2011, 9% in March and 25.3% in February.
    Read More
  • South Korea’s road crash rate is worryingly high
    July 8, 2014
    Newly available data reveals that South Korea’s road fatality rate is worryingly high. The research reveals that South Korea’s roads kill 105 people/1 million of population/year. This compares poorly with the average for nations that are members of the Organisation for Economic Cooperation and Development (OECD), with 65 people/1 million of population/year being killed in road traffic crashes. Pedestrian fatalities in South Korea stand at 4.1/100,000 of population compared with the average 1.4/100,000 for n
    Read More
  • Congestion costs Israel's economy
    February 28, 2012
    Traffic jams in Israel cost the country's economy US$5.57 billion/year, according to official estimates.
    Read More

Highlighted Content