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TOOL · GROSS COST

How much would a basic income cost in Bolivia?

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

Adult population 8,553,476child population 3,690,683year 2023World Bank WDI

GROSS ANNUAL COST

99,829 million

in BOBBOB 99,828,648,000

Equal to 27.6% of reference GDP

Population covered: 12,244,159 people

Adults: 8,553,476 × BOB 800 × 12 = BOB 82,113,369,600

Children: 3,690,683 × BOB 400 × 12 = BOB 17,715,278,400

BOB 82,113,369,600 + BOB 17,715,278,400 = BOB 99,828,648,000

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 · $52,340,206,946 · World Bank WDI

Currency BOB · exchange rate 6.9100 BOB/USD (2023)

Converted cost $14,446,982,344 for the GDP share.