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TOOL · GROSS COST

How much would a basic income cost in Burkina Faso?

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

Adult population 13,262,559child population 9,763,217year 2023World Bank WDI

GROSS ANNUAL COST

174,184 million

in XOFF CFA 174,184,008,000

Equal to 1.4% of reference GDP

Population covered: 23,025,776 people

Adults: 13,262,559 × F CFA 800 × 12 = F CFA 127,320,566,400

Children: 9,763,217 × F CFA 400 × 12 = F CFA 46,863,441,600

F CFA 127,320,566,400 + F CFA 46,863,441,600 = F CFA 174,184,008,000

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 · $20,106,062,972 · World Bank WDI

Currency XOF · exchange rate 606.5698 XOF/USD (2023)

Converted cost $287,162,372 for the GDP share.