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TOOL · GROSS COST

How much would a basic income cost in Gabon?

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

Adult population 1,573,811child population 910,978year 2023World Bank WDI

GROSS ANNUAL COST

19,481 million

in XAFFCFA 19,481,280,000

Equal to 0.2% of reference GDP

Population covered: 2,484,789 people

Adults: 1,573,811 × FCFA 800 × 12 = FCFA 15,108,585,600

Children: 910,978 × FCFA 400 × 12 = FCFA 4,372,694,400

FCFA 15,108,585,600 + FCFA 4,372,694,400 = FCFA 19,481,280,000

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 · $19,388,372,071 · World Bank WDI

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

Converted cost $32,117,131 for the GDP share.