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TOOL · GROSS COST

How much would a basic income cost in Luxembourg?

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

Adult population 561,001child population 105,429year 2023World Bank WDI

GROSS ANNUAL COST

5,892 million

in euros€5,891,668,800

Equal to 7.2% of reference GDP

Population covered: 666,430 people

Adults: 561,001 × €800 × 12 = €5,385,609,600

Children: 105,429 × €400 × 12 = €506,059,200

€5,385,609,600 + €506,059,200 = €5,891,668,800

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 · $88,788,881,539 · World Bank WDI

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

Converted cost $6,370,476,637 for the GDP share.