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.
How much of Egypt is living in poverty?
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).
What is the poorest city in Egypt?
In fact, Sohag and Assiut have the highest poverty rate in the country, standing at 66%, according to a 2016 report by CAPMAS.
Does Egypt suffer from poverty?
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.
What was the poverty rate in 2020?
The official poverty rate in 2020 was 11.4% , up 1.0 percentage point from 2019. This is the first increase in poverty after five consecutive annual declines. In 2020, there were 37.2 million people in poverty, approximately 3.3 million more than in 2019.
Why is Egypt a poor country?
Illiteracy and Poverty in Egypt
Beyond illiteracy, an increase in inflation has lead to an increase in food prices, which has also driven many of the country's citizens into poverty. ... The country's illiteracy rate has decreased by over 10 percent since 1996 – at that time the illiteracy rate was over 39.4 percent.
Is Egypt poor 2020?
CAIRO – 30 August 2021: Poverty indicators in Egypt decreased to 29.7% in 2019-2020 , after it hitting 32.3% in 2017-2018, for the first time in 20 years, Major General Khairat Barakat, head of the Central Agency for Public Mobilization and Statistics [CAPMAS], said Monday.
Who is the richest man in Egypt?
Sawiris is survived by his wife Yousriya, three sons and 13 grandchildren. His son Nassef Sawiris is Egypt's richest person through his $7.1 billion fortune, according to the Bloomberg Billionaires Index.
How many billionaires are there in Egypt?
| Characteristic Net worth in billion U.S. dollars | Onsi Sawiris 1 |
|---|
What is the richest city in Egypt?
- Zamalek District is the most expensive district in Egypt. ...
- It is also one of the most affluent districts in West Cairo, overlooking an island at the middle of Nile River called Gezira (The Island of Zamalek).
- Zamalek is a Turkish word, meaning wooden huts or nests according to the Egyptian dialect.
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 $7,200 as of 2017.
What is a good salary in Cairo Egypt?
The average salary for jobs in Cairo, Egypt is 147,338 ج. م. (EGP) per year or an hourly rate of 71 ج.
What is considered low income in Egypt?
According to CAPMAS's latest survey on income, expenditure and consumption for 2017/2018, Egypt announced that he who earns less than LE 8,282 (US$ 501.03) annually and $1.3 daily , lives under poverty line.
Where does US rank in poverty?
The United States has the fourth-highest poverty rate of 17.8%. Despite being the largest economy in the world, the U.S. also has a significant wealth inequality gap. The current poverty threshold in the United States is $25,700 for a family of four.
What percentage of America is in poverty 2020?
We project that the poverty rate for 2020 will be 9.2 percent , with the rate for white, non-Hispanic people at 6.6 percent; the rate for Black, non-Hispanic people at 15.2 percent; and the rate for Hispanic people at 13.8 percent.
How much of the US is in poverty 2020?
The official poverty rate climbed to 11.4% in 2020, Census Bureau officials said. The gauge, based on pre-tax cash income, was up from 10.5% one year earlier and marked the first jump in poverty after five years of falling rates.
