UBI RADAR
EN / ES

TOOL · GROSS COST

How much would a basic income cost in Australia?

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

Adult population 21,853,063child population 4,806,859year 2023World Bank WDI

GROSS ANNUAL COST

232,862 million

in AUDA$232,862,328,000

Equal to 8.9% of reference GDP

Population covered: 26,659,922 people

Adults: 21,853,063 × A$800 × 12 = A$209,789,404,800

Children: 4,806,859 × A$400 × 12 = A$23,072,923,200

A$209,789,404,800 + A$23,072,923,200 = A$232,862,328,000

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 · $1,734,451,264,656 · World Bank WDI

Currency AUD · exchange rate 1.5052 AUD/USD (2023)

Converted cost $154,706,158,787 for the GDP share.