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

  • Road safety improvement for the US
    December 11, 2012
    The US is seeing improvements in road safety overall, with a drop in road crash statistics for 2011. The data for 2011 is encouraging and the US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) has released a new analysis indicating that highway deaths fell to 32,367 in 2011. This marked the lowest level of road related fatalities since 1949, 1.9% decrease from the previous year. Furthermore, this updated 2011 data show the historic downward trend in recent years continu
    Read More
  • The most dangerous times on US roads
    July 2, 2018
    Newly available data from the Insurance Institute for Highway Studies (IIHS) shows the most dangerous days for drivers on US roads. The research studied fatal crashes that occurred between 1998 and 2014, revealing that summer and early Autumn have the highest rates of fatal road crashes. The risk of crashing is higher at the weekend than during the working week, with the 3pm to 7pm time slot having a particularly high risk of road fatalities. Most dangerous of all are New Year’s Day and the US Independence
    Read More
  • Road sector drives European construction’s recovery
    June 27, 2017
    The European road building market is forecast to grow strongly in real terms from now to the end of 2019, as a strengthening economy boosts construction, creating investment and jobs.
    Read More
  • US highways needs investment
    July 1, 2015
    In the US, the president recently signed a short-term extension for highway funding. This is a two-month extension that will provide funding for highway infrastructure until the end of July. But it is a very temporary measure made as the US Government has so far been unable to agree the longer term deal that will guarantee highway investment. The Highway Trust Fund is in particular need of investment and such a short-term political patch cannot provide the necessary solution to help boost the US constru
    Read More

Highlighted Content