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TOOL · GROSS COST

How much would a basic income cost in Central African Republic?

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

Adult population 2,619,159child population 2,533,262year 2023World Bank WDI

GROSS ANNUAL COST

37,304 million

in XAFFCFA 37,303,584,000

Equal to 2.4% of reference GDP

Population covered: 5,152,421 people

Adults: 2,619,159 × FCFA 800 × 12 = FCFA 25,143,926,400

Children: 2,533,262 × FCFA 400 × 12 = FCFA 12,159,657,600

FCFA 25,143,926,400 + FCFA 12,159,657,600 = FCFA 37,303,584,000

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 · $2,555,492,086 · World Bank WDI

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

Converted cost $61,499,249 for the GDP share.