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TOOL · GROSS COST

How much would a basic income cost in Liberia?

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

Adult population 3,295,996child population 2,197,035year 2023World Bank WDI

GROSS ANNUAL COST

42,187 million

in LRDLRD 42,187,329,600

Equal to 5.5% of reference GDP

Population covered: 5,493,031 people

Adults: 3,295,996 × LRD 800 × 12 = LRD 31,641,561,600

Children: 2,197,035 × LRD 400 × 12 = LRD 10,545,768,000

LRD 31,641,561,600 + LRD 10,545,768,000 = LRD 42,187,329,600

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 · $4,390,000,000 · World Bank WDI

Currency LRD · exchange rate 174.9560 LRD/USD (2023)

Converted cost $241,131,106 for the GDP share.