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TOOL · GROSS COST

How much would a basic income cost in Czechia?

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

Adult population 9,161,252child population 1,702,790year 2023World Bank WDI

GROSS ANNUAL COST

96,121 million

in CZKCZK 96,121,411,200

Equal to 1.3% of reference GDP

Population covered: 10,864,042 people

Adults: 9,161,252 × CZK 800 × 12 = CZK 87,948,019,200

Children: 1,702,790 × CZK 400 × 12 = CZK 8,173,392,000

CZK 87,948,019,200 + CZK 8,173,392,000 = CZK 96,121,411,200

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 · $345,059,295,660 · World Bank WDI

Currency CZK · exchange rate 22.1981 CZK/USD (2023)

Converted cost $4,330,167,148 for the GDP share.