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TOOL · GROSS COST

How much would a basic income cost in Finland?

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

Adult population 4,749,953child population 833,958year 2023World Bank WDI

GROSS ANNUAL COST

49,603 million

in euros€49,602,547,200

Equal to 18.2% of reference GDP

Population covered: 5,583,911 people

Adults: 4,749,953 × €800 × 12 = €45,599,548,800

Children: 833,958 × €400 × 12 = €4,002,998,400

€45,599,548,800 + €4,002,998,400 = €49,602,547,200

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 · $295,191,741,637 · World Bank WDI

Currency EUR · exchange rate 0.9248 EUR/USD (2023)

Converted cost $53,633,678,129 for the GDP share.