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TOOL · GROSS COST

How much would a basic income cost in Egypt?

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

Adult population 77,385,958child population 37,149,814year 2023World Bank WDI

GROSS ANNUAL COST

921,224 million

in EGPEGP 921,224,304,000

Equal to 7.6% of reference GDP

Population covered: 114,535,772 people

Adults: 77,385,958 × EGP 800 × 12 = EGP 742,905,196,800

Children: 37,149,814 × EGP 400 × 12 = EGP 178,319,107,200

EGP 742,905,196,800 + EGP 178,319,107,200 = EGP 921,224,304,000

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 · $395,926,071,448 · World Bank WDI

Currency EGP · exchange rate 30.6264 EGP/USD (2023)

Converted cost $30,079,405,087 for the GDP share.