TOOL · GROSS COST

How much would a basic income cost in Cape Verde?

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

Country

Adult population 384,588child population 137,743year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

4,353 million

in CVECVE 4,353,211,200

Equal to 1.7% of reference GDP

Population covered: 522,331 people

Adults: 384,588 × CVE 800 × 12 = CVE 3,692,044,800

Children: 137,743 × CVE 400 × 12 = CVE 661,166,400

CVE 3,692,044,800 + CVE 661,166,400 = CVE 4,353,211,200

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 · $2,504,525,538 · World Bank WDI

Currency CVE · exchange rate 101.8048 CVE/USD (2023)

Converted cost $42,760,368 for the GDP share.