Daily News Egypt

Road accidents cost an estimated EGP 30.2bn in 2015: CAPMAS - Daily News Egypt

Advertising Area



Advertising Area

Road accidents cost an estimated EGP 30.2bn in 2015: CAPMAS

The estimated value of the minimum economic cost of road accidents in Egypt in 2015 reached EGP 30.2bn, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). In the agency’s road accidents cost study for Egypt in 2015 issued on Monday, CAPMAS explained that the cost is calculated by using ‘loss of output’ …


The estimated value of the minimum economic cost of road accidents in Egypt in 2015 reached EGP 30.2bn, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).

In the agency’s road accidents cost study for Egypt in 2015 issued on Monday, CAPMAS explained that the cost is calculated by using ‘loss of output’ methodology. The total cost for 6,203 fatal accidents is estimated at EGP 24.1bn; 15,847 serious injuries at EGP 3.7bn; and 3,479 slight injuries at EGP 0.6bn.  In addition, EGP 1.8bn was paid as compensation from insurance companies.

The total number of motor vehicle accidents in 2015 totalled 14,500 incidents in 2015. This is a 1% increased from 2014, but a 31.9% decline compared to 2005.

Car accidents caused 25,500 deaths in 2015, a decline of 16.8% compared to 2005 and 16% compared to 2014.

Human error represents 64% of the causes of road accidents in Egypt in 2015, followed by the technical condition of the vehicle with 21.9%, and then the condition of the road with 2.4%. Private cars caused the most accidents with 36.8% of the total, followed by transport vehicles with 27.8%, and finally taxis with 18.9%.

According to the CAPMAS and the World Health Organisation’s report issued in 2015 on the mortality rate from car accidents, Egypt ranks 16th in the Arab world and 109th globally out of 180 countries with 12.8 deaths per 100,000 people.

CAPMAS predicted the economic cost of road accidents for 2020 as EGP 31bn using the ‘loss of output’ method. The agency predicts 6,211 deaths due to road accidents in 2020 and 22,225 injuries. This is provided that conditions and other facts remain stable as well as cost per individual, according to CAPMAS.

 

 

Advertising Area



https://cdn2.dailynewsegypt.com/2016/08/22/road-accidents-cost-estimated-egp-30-2bn-2015-capmas/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe