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TOOL · GROSS COST

How much would a basic income cost in Andorra?

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

Adult population 70,953child population 9,903year 2023World Bank WDI

GROSS ANNUAL COST

729 million

in euros€728,683,200

Equal to 20.8% of reference GDP

Population covered: 80,856 people

Adults: 70,953 × €800 × 12 = €681,148,800

Children: 9,903 × €400 × 12 = €47,534,400

€681,148,800 + €47,534,400 = €728,683,200

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 · $3,785,067,332 · World Bank WDI

Currency EUR · exchange rate 0.9247 EUR/USD (2023)

Converted cost $788,012,996 for the GDP share.