The proportion of the population living below the poverty line — defined by the agency as anyone living on less than EGP 857 a month — fell to 29.7% during the past two fiscal years, having shot up almost five percentage points to 32.5% in FY2017-2018, the local press reports.
What is the poverty rate in Egypt?
Egypt’s poverty rate declines to 29.7%: CAPMAS
Egypt’s poverty rate declined to 29.7 percent in FY 2019/2020, down from 32.5 percent two years earlier, according to the poverty, consumption, and income research conducted by the Central Agency for Public Mobilisation and Statistics (CAPMAS).
Does Egypt have poverty?
As of mid-2016, the poverty rate in Egypt was 27.8 percent, an increase of 2.6 percent from 2010. This high poverty rate in Egypt has affected children, many of whom are malnourished.
Where do poor people live in Egypt?
The highest percentage of poverty among 99 million Egyptians was recorded in Upper Egypt, mainly in Assuit and Sohag, with 66.7 percent and 59.6 percent respectively, the survey revealed, adding that poverty rates ranged from 80 to 100 percent in about 46 villages in these two governorates.
Is Egypt poor 2020?
CAIRO, Dec. … According to the country’s official statistics agency’s report on December 3, Egypt’s poverty rate declined to 29.7 percent in the 2019-2020 fiscal year, down from 32.5 percent two years earlier. This is the first time Egypt has seen a decrease in its poverty rate since 1999.
Who is the richest person in Egypt?
Richest people in Egypt 2021. As of April 2021, Nassef Sawiris, with a net worth of 8.5 billion U.S. dollars, is the richest man in Egypt, second richest in the African continent, and 298 in the world.
What is the poorest city in Egypt?
With a total of 289 slums in Cairo alone, the capital of Egypt has the highest poverty rate next to Alexandria and Port Said.
Is Egypt a low income country?
According to the World Bank Country Classification, Egypt has been promoted from the low income category to lower middle income category.
What causes poverty in Egypt?
The main causes of poverty in Egypt are widespread inequality caused by government corruption, a lack of employment opportunities, and an inadequate education system. … Forty million Egyptians lived below the poverty line as of 2001. This equaled roughly 50 percent of the country at the time.
What is the biggest industry in Egypt?
|Economic Trivia||Egypt’s economy relies mainly on agriculture, media, petroleum imports, natural gas, and tourism.|
|Top Industries||Textiles; Food Processing; Tourism; Chemicals|
Is Egypt developed or developing 2020?
Egypt’s economic growth has been strong and resilient since the economic reforms initiated in 2016. It is one of the few African countries expected to record a positive growth in 2020, at 3.6%, despite the adverse impact of the COVID–19 pandemic.
Is Egypt richer than India?
Egypt has a GDP per capita of $12,700 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.
What religion is Egyptian?
When the Greeks and the Romans conquered Egypt, their religion was influenced by that of Egypt. Ancient pagan beliefs gradually faded and were replaced by monotheistic religions. Today, the majority of the Egyptian population is Muslim, with a small minority of Jews and Christians.