Traffic accidents in Egypt create an enormous economic toll as the price tag for the crashes stood at EGP 30.5 billion in 2015, the state-run Central Agency for Public Mobilization and Statistics said on Monday.
The statistics agency said that accidents in 2015 led to the death and injury of around 25,500 persons, marking a drop of 16 percent from the previous year.
The total number of car accidents in Egypt also dropped by 1 percent from the past year, totaling to more than 14,500 accidents in 2015.
A total of 64 percent of car accidents were caused by humans, with the car conditions ranking second on 21.9 in the reasons behind road accidents in 2015, CAPMAS added.
The economic cost of accidents in Egypt in the past year stood at EGP 30.2 billion, with expectations to reach EGP 31 billion in the year 2020.
Egypt, infamous for poor road safety and a high number of travel accidents, has one of the highest records of car accidents in the world and a poor transportation safety history in general.
According to 2014 statistics released by the World Bank, the country’s infamous traffic conditions cost the economy EGP 47 billion annually, with that number projected to rise to EGP 105 billion by 2030.
The study revealed that almost four percent of Egypt’s GDP is lost due to traffic congestion which takes into account the cost of time wasted (50 percent), delay expenses (31 percent), and health costs (19 percent).
This content is from Aswat Masriya, edited by Egyptian Streets