TOOL · GROSS COST

How much would a basic income cost in Greece?

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

Country

Adult population 8,993,324child population 1,414,027year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

93,123 million

in euros€93,123,240,000

Equal to 41.4% of reference GDP

Population covered: 10,407,351 people

Adults: 8,993,324 × €800 × 12 = €86,335,910,400

Children: 1,414,027 × €400 × 12 = €6,787,329,600

€86,335,910,400 + €6,787,329,600 = €93,123,240,000

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 · $242,946,187,738 · World Bank WDI

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

Converted cost $100,691,237,899 for the GDP share.