TOOL · GROSS COST

How much would a basic income cost in Germany?

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

Country

Adult population 71,697,374child population 11,589,899year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

743,926 million

in euros€743,926,305,600

Equal to 17.6% of reference GDP

Population covered: 83,287,273 people

Adults: 71,697,374 × €800 × 12 = €688,294,790,400

Children: 11,589,899 × €400 × 12 = €55,631,515,200

€688,294,790,400 + €55,631,515,200 = €743,926,305,600

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 2023 · $4,562,207,532,490 · World Bank WDI

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

Converted cost $804,384,175,381 for the GDP share.