More Egyptians under poverty line
© Pxhere
CAPMAS, the central statistics body in Egypt released the results of the Income, Spending and Consumption survey 2017/2018 which stated that more Egyptians are living under poverty line.
The number reached 32.5% compared to 27.8% in 2015. The increase was expected due to the devaluation of the Egyptian pound and dropping fuel subsidies pushing inflation higher.
The poverty line was drawn at a little over 8,800LE annually compared to 5,700LE in 2015.
The poverty line is different in different regions in Egypt as they the cost of living is not the same. Assiut is the poorest Egyptian governorate with only more than 66% of its population living in poverty, followed by Sohag, Minya and Qena.
Port Said is Egypt's richest governorate, followed by Gharbiya and Damietta.
Minister of Economy Hala El-Saeed stated that the social protection programs protected more citizens from falling under the poverty line.
Kahirat Barakat, Head of CAPMAS explained that the survey was a result of investigating The consumption and spending of 26,000 families all over Egypt and it is conducted every 2 years.
The number reached 32.5% compared to 27.8% in 2015. The increase was expected due to the devaluation of the Egyptian pound and dropping fuel subsidies pushing inflation higher.
The poverty line was drawn at a little over 8,800LE annually compared to 5,700LE in 2015.
The poverty line is different in different regions in Egypt as they the cost of living is not the same. Assiut is the poorest Egyptian governorate with only more than 66% of its population living in poverty, followed by Sohag, Minya and Qena.
Port Said is Egypt's richest governorate, followed by Gharbiya and Damietta.
Minister of Economy Hala El-Saeed stated that the social protection programs protected more citizens from falling under the poverty line.
Kahirat Barakat, Head of CAPMAS explained that the survey was a result of investigating The consumption and spending of 26,000 families all over Egypt and it is conducted every 2 years.