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TOOL · GROSS COST

How much would a basic income cost in Angola?

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

Adult population 20,369,640child population 16,380,266year 2023World Bank WDI

GROSS ANNUAL COST

274,174 million

in AOAAOA 274,173,820,800

Equal to 0.4% of reference GDP

Population covered: 36,749,906 people

Adults: 20,369,640 × AOA 800 × 12 = AOA 195,548,544,000

Children: 16,380,266 × AOA 400 × 12 = AOA 78,625,276,800

AOA 195,548,544,000 + AOA 78,625,276,800 = AOA 274,173,820,800

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 · $106,042,349,567 · World Bank WDI

Currency AOA · exchange rate 685.0202 AOA/USD (2023)

Converted cost $400,241,928 for the GDP share.