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

  • Australia’s road safety crisis as crashes increase
    December 22, 2016
    Increases in the numbers of road crashes and road deaths are giving cause for concern in Australia. The gain in the country’s road fatality rate is of note as it comes after a 40 year period in which those killed or seriously injured (KSI) have been reducing. Certain sections of the country’s road network have been identified as being of particular risk to drivers, with moves in hand to improve safety. The Australian Automobile Association has revealed that there were 15,339 crashes in the country that resu
    Read More
  • A drop in crashes in Europe
    July 13, 2020
    A significant drop in crashes has been seen in Europe during the lockdown.
    Read More
  • Wacker Neuson bullish with strong results
    May 8, 2019
    The Wacker Neuson Group reports a strong financial performance for the first quarter of 2019. The firm’s results reveal a double-digit rise in revenue to €434.6 million, a gain of 17%. The company saw even higher growth of profit before interest and tax (EBIT) growth to reach €30.2 million, a jump of 31%. Meanwhile the firm’s EBIT margin improved to 6.9%, a gain of 0.7%. “This strong start to the year sees us continue the dynamic pace of growth from the fourth quarter of 2018. Demand for our products and
    Read More
  • Infrastructure investment will help construction jobs
    February 23, 2012
    The construction equipment manufacturing industry has been hit hard by the recession worldwide. Profits for 2009 reveal the sharp drop in business that began escalating around the globe during the third quarter of 2008. The problems have been most acute in the market for compact utility equipment
    Read More

Highlighted Content