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TOOL · GROSS COST

How much would a basic income cost in Benin?

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

Adult population 8,207,504child population 5,903,530year 2023World Bank WDI

GROSS ANNUAL COST

107,129 million

in XOFF CFA 107,128,982,400

Equal to 0.9% of reference GDP

Population covered: 14,111,034 people

Adults: 8,207,504 × F CFA 800 × 12 = F CFA 78,792,038,400

Children: 5,903,530 × F CFA 400 × 12 = F CFA 28,336,944,000

F CFA 78,792,038,400 + F CFA 28,336,944,000 = F CFA 107,128,982,400

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 · $19,673,291,004 · World Bank WDI

Currency XOF · exchange rate 606.6550 XOF/USD (2023)

Converted cost $176,589,636 for the GDP share.