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

  • US road safety concern at increasing fatalities
    September 2, 2016
    Concern has been expressed over the rise in road fatalities in the US. An analysis of road crash data has been called for in a bid to identify the primary causes of the increase in road deaths for 2015 compared with the previous year. During 2015 there were 35,092 road deaths in the US, a gain of 7.2% over the previous year. A combination of low fuel prices and a steady increase in the country’s economic activity have been known to be factors in the gain in road deaths. US citizens drove a record total dist
    Read More
  • BAM half year results show jump in pre-tax profit
    August 19, 2016
    Dutch construction and related services group Royal BAM posted improved half-year results, despite Britain’s decision to leave the European Union. Half-year results to June showed pre-tax profit to €45 million, up from €4 million the previous year. However, group revenue slipped back €3.4 billion, down from around €3.5 billion. Construction and mechanical & electrical services suffered a €23.8 million loss, blamed on poor trading in Germany. But civil engineering and property helped profitability.
    Read More
  • STRABAG reports satisfactory financial performance
    February 22, 2016
    Construction firm STRABAG says that its performance in the 2015 financial year was ‘satisfactory’ and that its outlook for 2016 is positive. “We closed an overall satisfactory year in 2015 with a higher output volume on nearly unchanged employee levels and a lower order backlog. In 2016 we want to maintain the output volume at its high level and raise our EBIT margin to 3%. Thanks to our improved risk management and cost reductions, we are confident that we will reach this goal after having also succeeded i
    Read More
  • India’s high road deaths require change
    December 8, 2016
    India’s road deaths are providing a wider cause for concern. Official data pegs the road fatality rate for the country at over 146,000 in 2015, an increase over the 139,671 recorded in 2014. However there are also thought to be many unreported deaths, so the actual figure could be considerably higher. India's Ministry of State for Road Transport and Highways has revealed that there were 501,423 reported road crashes in 2015, a worrying increase from the 489,400 crashes in 2014. There were more than 500,0
    Read More

Highlighted Content