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TOOL · GROSS COST

How much would a basic income cost in Ethiopia?

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

Adult population 78,031,388child population 50,660,304year 2023World Bank WDI

GROSS ANNUAL COST

992,271 million

in ETBETB 992,270,784,000

Equal to 13.4% of reference GDP

Population covered: 128,691,692 people

Adults: 78,031,388 × ETB 800 × 12 = ETB 749,101,324,800

Children: 50,660,304 × ETB 400 × 12 = ETB 243,169,459,200

ETB 749,101,324,800 + ETB 243,169,459,200 = ETB 992,270,784,000

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 · $135,874,093,203 · World Bank WDI

Currency ETB · exchange rate 54.6009 ETB/USD (2023)

Converted cost $18,173,142,026 for the GDP share.