UBI RADAR
EN / ES

TOOL · GROSS COST

How much would a basic income cost in Equatorial Guinea?

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

Adult population 1,155,008child population 692,541year 2023World Bank WDI

GROSS ANNUAL COST

14,412 million

in XAFFCFA 14,412,273,600

Equal to 0.2% of reference GDP

Population covered: 1,847,549 people

Adults: 1,155,008 × FCFA 800 × 12 = FCFA 11,088,076,800

Children: 692,541 × FCFA 400 × 12 = FCFA 3,324,196,800

FCFA 11,088,076,800 + FCFA 3,324,196,800 = FCFA 14,412,273,600

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 · $12,541,814,273 · World Bank WDI

Currency XAF · exchange rate 606.5698 XAF/USD (2023)

Converted cost $23,760,291 for the GDP share.