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TOOL · GROSS COST

How much would a basic income cost in Italy?

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

Adult population 51,820,916child population 7,163,300year 2023World Bank WDI

GROSS ANNUAL COST

531,865 million

in euros€531,864,633,600

Equal to 24.8% of reference GDP

Population covered: 58,984,216 people

Adults: 51,820,916 × €800 × 12 = €497,480,793,600

Children: 7,163,300 × €400 × 12 = €34,383,840,000

€497,480,793,600 + €34,383,840,000 = €531,864,633,600

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 · $2,316,882,296,366 · World Bank WDI

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

Converted cost $575,088,542,362 for the GDP share.