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TOOL · GROSS COST

How much would a basic income cost in Dominican Republic?

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

Adult population 8,281,568child population 3,049,697year 2023World Bank WDI

GROSS ANNUAL COST

94,142 million

in DOPDOP 94,141,598,400

Equal to 1.4% of reference GDP

Population covered: 11,331,265 people

Adults: 8,281,568 × DOP 800 × 12 = DOP 79,503,052,800

Children: 3,049,697 × DOP 400 × 12 = DOP 14,638,545,600

DOP 79,503,052,800 + DOP 14,638,545,600 = DOP 94,141,598,400

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 · $120,456,239,154 · World Bank WDI

Currency DOP · exchange rate 56.1576 DOP/USD (2023)

Converted cost $1,676,382,153 for the GDP share.