UBI RADAR
EN / ES

TOOL · GROSS COST

How much would a basic income cost in Guinea-Bissau?

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

Adult population 1,308,318child population 845,021year 2023World Bank WDI

GROSS ANNUAL COST

16,616 million

in XOFF CFA 16,615,953,600

Equal to 1.3% of reference GDP

Population covered: 2,153,339 people

Adults: 1,308,318 × F CFA 800 × 12 = F CFA 12,559,852,800

Children: 845,021 × F CFA 400 × 12 = F CFA 4,056,100,800

F CFA 12,559,852,800 + F CFA 4,056,100,800 = F CFA 16,615,953,600

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 · $2,076,748,678 · World Bank WDI

Currency XOF · exchange rate 606.5698 XOF/USD (2023)

Converted cost $27,393,311 for the GDP share.