TOOL · GROSS COST

How much would a basic income cost in Eritrea?

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

Adult population 2,128,132child population 1,342,258year 2023World Bank WDI

GROSS ANNUAL COST

26,873 million

in ERNERN 26,872,905,600

GDP share not calculated

Population covered: 3,470,390 people

There is no reference GDP for this country, so the share is not calculated.

Adults: 2,128,132 × ERN 800 × 12 = ERN 20,430,067,200

Children: 1,342,258 × ERN 400 × 12 = ERN 6,442,838,400

ERN 20,430,067,200 + ERN 6,442,838,400 = ERN 26,872,905,600

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 — · World Bank WDI

Currency ERN · exchange rate 15.0750 ERN/USD (2023)