GlobalCorp issues eighth securitization bond worth EGP 2.5bn    Egypt completes 90% of first-phase gas connections for 'Decent Life' initiative    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Saudi Arabia demands UAE withdrawal from Yemen after air strike on 'unauthorised' arms    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Qatari Diar pays Egypt $3.5bn initial installment for $29.7bn Alam El Roum investment deal    Oil prices hold steady on Tuesday    Egypt's central bank, Afreximbank sign MoU to develop pan-African gold bank    Asian stocks steady on Tuesday    Egypt to launch 2026-2030 national strategy for 11m people with disabilities    The apprentice's ascent: JD Vance's five-point blueprint for 2028    Kremlin demands Ukraine's total withdrawal from Donbas before any ceasefire    Health Ministry, Veterinarians' Syndicate discuss training, law amendments, veterinary drugs    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Egypt flags red lines, urges Sudan unity, civilian protection    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Poverty rate rises in Egypt, widening gap between rich and poor: CAPMAS
Predominant in rural areas, official statistics agency CAPMAS reports poverty rate has reached 25.5 per cent for year 2010/2011
Ahram Online Published in Ahram Online on 29 - 11 - 2012

The poverty rate has considerably increased, as it has reached an average of 25.5 per cent for the year 2010/2011 compared to 21.6 per cent in 2008/2009, the state-run statistics agency CAPMAS reported.
Poverty remains predominant in rural areas compared to urban areas, with 69 per cent of its total population below the poverty line. The governorate of Assiut (Upper Egypt) having the highest poverty rate in all of Egypt.
The average household income has reached LE25,000 ($4,090) for the year 2010/2011. The average expenditures of Egyptian households stand at some LE22,000 ($3600).
The poorest 20 per cent have spent an average LE14,000 ($2,290) per household annually while the expenditures of the richest 20 per cent have reached average of LE 31500 ($5,154).
The highest group expenses amounted four times the poorest category spending.
The recent report also highlighted income discrepancies between urban areas that reached an average household income of LE30,205 ($4942) compared to LE21,370 ($3496) in rural areas.
Employment income is reported as the main source of family income, as it constitutes almost 70.4 per cent of total household income, mainly derived from the public sector. This is followed by income from cash commodity transfers that represent almost 15.9 per cent of total household income.
The report distinguished 6 different categories of expenditure levels; the lowest of which includes households that spend less than LE10,000 ($1,636) annually, making up some 22 per cent Egypt's families.
The highest expenditure category includes households that spend more than LE50,000 annually which are just above 4 per cent of families.
The last two paragraphs were corrected on 30 November to reflect expenditure statistics instead of income. The word ‘average' was added to all figures in the fourth paragraph. The article was trimmed to better reflect the CAPMAS report.
http://english.ahram.org.eg/News/59433.aspx

Clic here to read the story from its source.