TOOL · GROSS COST

How much would a basic income cost in Chile?

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

Country

Adult population 16,241,276child population 3,417,559year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

172,321 million

in CLPCLP 172,320,532,800

Equal to 0.1% of reference GDP

Population covered: 19,658,835 people

Adults: 16,241,276 × CLP 800 × 12 = CLP 155,916,249,600

Children: 3,417,559 × CLP 400 × 12 = CLP 16,404,283,200

CLP 155,916,249,600 + CLP 16,404,283,200 = CLP 172,320,532,800

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 · $335,802,745,366 · World Bank WDI

Currency CLP · exchange rate 840.0665 CLP/USD (2023)

Converted cost $205,127,246 for the GDP share.