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TOOL · GROSS COST

How much would a basic income cost in Armenia?

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

Adult population 2,384,918child population 579,382year 2023World Bank WDI

GROSS ANNUAL COST

25,676 million

in AMDAMD 25,676,246,400

Equal to 0.3% of reference GDP

Population covered: 2,964,300 people

Adults: 2,384,918 × AMD 800 × 12 = AMD 22,895,212,800

Children: 579,382 × AMD 400 × 12 = AMD 2,781,033,600

AMD 22,895,212,800 + AMD 2,781,033,600 = AMD 25,676,246,400

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 · $24,185,982,216 · World Bank WDI

Currency AMD · exchange rate 392.4763 AMD/USD (2023)

Converted cost $65,421,138 for the GDP share.