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TOOL · GROSS COST

How much would a basic income cost in Guatemala?

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

Adult population 12,299,923child population 5,824,915year 2023World Bank WDI

GROSS ANNUAL COST

146,039 million

in GTQGTQ 146,038,852,800

Equal to 17.9% of reference GDP

Population covered: 18,124,838 people

Adults: 12,299,923 × GTQ 800 × 12 = GTQ 118,079,260,800

Children: 5,824,915 × GTQ 400 × 12 = GTQ 27,959,592,000

GTQ 118,079,260,800 + GTQ 27,959,592,000 = GTQ 146,038,852,800

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 · $104,298,081,429 · World Bank WDI

Currency GTQ · exchange rate 7.8320 GTQ/USD (2023)

Converted cost $18,646,493,169 for the GDP share.