TOOL · GROSS COST

How much would a basic income cost in Georgia?

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

Country

Adult population 2,933,715child population 781,768year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

31,916 million

in GELGEL 31,916,150,400

Equal to 39.5% of reference GDP

Population covered: 3,715,483 people

Adults: 2,933,715 × GEL 800 × 12 = GEL 28,163,664,000

Children: 781,768 × GEL 400 × 12 = GEL 3,752,486,400

GEL 28,163,664,000 + GEL 3,752,486,400 = GEL 31,916,150,400

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 · $30,777,833,601 · World Bank WDI

Currency GEL · exchange rate 2.6280 GEL/USD (2023)

Converted cost $12,144,846,437 for the GDP share.