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TOOL · GROSS COST

How much would a basic income cost in El Salvador?

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

Adult population 4,718,943child population 1,590,681year 2023World Bank WDI

GROSS ANNUAL COST

52,937 million

in US dollars$52,937,121,600

Equal to 157.7% of reference GDP

Population covered: 6,309,624 people

Adults: 4,718,943 × $800 × 12 = $45,301,852,800

Children: 1,590,681 × $400 × 12 = $7,635,268,800

$45,301,852,800 + $7,635,268,800 = $52,937,121,600

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 · $33,565,430,000 · World Bank WDI

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