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TOOL · GROSS COST

How much would a basic income cost in Ecuador?

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

Adult population 13,484,219child population 4,495,864year 2023World Bank WDI

GROSS ANNUAL COST

151,029 million

in US dollars$151,028,649,600

Equal to 125.0% of reference GDP

Population covered: 17,980,083 people

Adults: 13,484,219 × $800 × 12 = $129,448,502,400

Children: 4,495,864 × $400 × 12 = $21,580,147,200

$129,448,502,400 + $21,580,147,200 = $151,028,649,600

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 · $120,792,801,000 · World Bank WDI

Currency USD · exchange rate 1.0000 USD/USD (2023)