TOOL · GROSS COST

How much would a basic income cost in Guinea?

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

Country

Adult population 8,464,230child population 5,941,238year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

109,775 million

in GNFGNF 109,774,550,400

GDP share not calculated

Population covered: 14,405,468 people

The exchange rate is missing. The cost is shown in local currency, without a GDP share.

Adults: 8,464,230 × GNF 800 × 12 = GNF 81,256,608,000

Children: 5,941,238 × GNF 400 × 12 = GNF 28,517,942,400

GNF 81,256,608,000 + GNF 28,517,942,400 = GNF 109,774,550,400

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 · $22,407,615,556 · World Bank WDI

Currency GNF