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TOOL · GROSS COST

How much would a basic income cost in Azerbaijan?

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

Adult population 7,885,113child population 2,268,845year 2023World Bank WDI

GROSS ANNUAL COST

86,588 million

in AZNAZN 86,587,540,800

Equal to 70.3% of reference GDP

Population covered: 10,153,958 people

Adults: 7,885,113 × AZN 800 × 12 = AZN 75,697,084,800

Children: 2,268,845 × AZN 400 × 12 = AZN 10,890,456,000

AZN 75,697,084,800 + AZN 10,890,456,000 = AZN 86,587,540,800

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 · $72,428,470,588 · World Bank WDI

Currency AZN · exchange rate 1.7000 AZN/USD (2023)

Converted cost $50,933,847,529 for the GDP share.