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TOOL · GROSS COST

How much would a basic income cost in Albania?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Adult population 2,000,664child population 410,994year 2023World Bank WDI

GROSS ANNUAL COST

21,179 million

in ALLALL 21,179,145,600

Equal to 0.9% of reference GDP

Population covered: 2,411,658 people

Adults: 2,000,664 × ALL 800 × 12 = ALL 19,206,374,400

Children: 410,994 × ALL 400 × 12 = ALL 1,972,771,200

ALL 19,206,374,400 + ALL 1,972,771,200 = ALL 21,179,145,600

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $23,491,242,727 · World Bank WDI

Currency ALL · exchange rate 100.6450 ALL/USD (2023)

Converted cost $210,434,156 for the GDP share.