27.8% (2016 est.)
How is poverty measured in Egypt?
The official poverty measure is based on a household-specific poverty line that takes into account two key things: (1) the household composition and thus the household-specific caloric requirements; and (2) the regional variation in cost/calorie and non-food allowance.
Is there a lot of poverty in Egypt?
The report said 32.5% of Egyptians lived below the poverty line in 2018, up from 27.8% in 2015 and 16.7% in 2000. … It said 6.2% of Egyptians live in extreme poverty. It set the poverty line at around $1.45 per day and the extreme poverty line at less than a dollar a day.
How many people in Cairo live in poverty?
Facts About Poverty in Cairo
During the years 2015-2016, it was recorded that 27.8 percent of the Egyptian population was living in poverty, which was considered the highest rate recorded for the area since the year 2000. Of the 27.8 percent, the city of Cairo made up a colossal 18 percent of the poverty in Egypt.
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.
What percentage of Egypt is poor?
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 a good economy?
Egypt’s economic freedom score is 55.7, making its economy the 130th freest in the 2021 Index. Its overall score has increased by 1.7 points, with improvements in 9 of the 12 categories of economic freedom.
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 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.
Is Egypt really a poor country?
Living standards in Egypt are low by international standards, and have declined consistently since 1990. According to United Nations figures, some 20 to 30 percent of the population live below the poverty line.
What is considered rich in Egypt?
In July 2016, CAPMAS said an Egyptian family that spends LE 60,700 annually (nearly LE 5,000 per month) is considered among the richest 10 percent of Egyptians, while the poorest 10 percent of Egyptians are those who spend LE 3,300 annually (LE 277 each month). …
Why is poverty so high 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. … Under Mubarak’s presidency, which lasted from 1981 to 2011, inequality and poor distribution of wealth were extremely high.
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|
Should I visit Egypt now?
Egypt – Level 4: Do Not Travel. Do not travel to Egypt due to COVID-19. Reconsider travel due to terrorism, and do not travel to the Sinai Peninsula (with the exception of travel to Sharm El-Sheikh by air) and the Western Desert due to terrorism, and Egyptian border areas due to military zones.
Who is under the poverty line?
The threshold in the United States are updated and used for statistical purposes. In 2020, in the United States, the poverty threshold for a single person under 65 was an annual income of US$12,760; the threshold for a family group of four, including two children, was US$26,200.