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Tuesday, 30 July 2019

Egypt poverty rate stands at 32.5%, according to latest CAPMAS income report

Egypt’s poverty rate in FY2017-2018 stood at 32.5%, according to Capmas’ income and expenditure survey, the highlights of which were announced at a press conference yesterday. The poverty rate was at 27.8% in the last edition of the report, which measured living conditions and consumption patterns in 2015, head of the statistics bureau Khairat Barakat said at the presser, according to Al Mal. This rate includes individuals living at below the now-adjusted poverty line of EGP 735.5. The poverty line was previously factored in at EGP 482 a month.

Also the average Egyptian household now makes EGP 58.9k a year, up from EGP 44.2k in 2015, the new survey found. Household spending rose to EGP 51.4k per annum from EGP 36k in 2015. Households also receive an average of EGP 2,000 in food subsidies a year, up from EGP 860 in 2015.

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