TOOL · GROSS COST

How much would a basic income cost in Denmark?

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

Country

Adult population 5,003,352child population 943,600year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

52,561 million

in DKKDKK 52,561,459,200

Equal to 1.9% of reference GDP

Population covered: 5,946,952 people

Adults: 5,003,352 × DKK 800 × 12 = DKK 48,032,179,200

Children: 943,600 × DKK 400 × 12 = DKK 4,529,280,000

DKK 48,032,179,200 + DKK 4,529,280,000 = DKK 52,561,459,200

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 · $404,651,706,118 · World Bank WDI

Currency DKK · exchange rate 6.8897 DKK/USD (2023)

Converted cost $7,628,988,123 for the GDP share.