TOOL · GROSS COST

How much would a basic income cost in Madagascar?

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

Country

Adult population 18,851,036child population 12,344,896year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

240,225 million

in MGAMGA 240,225,446,400

Equal to 0.3% of reference GDP

Population covered: 31,195,932 people

Adults: 18,851,036 × MGA 800 × 12 = MGA 180,969,945,600

Children: 12,344,896 × MGA 400 × 12 = MGA 59,255,500,800

MGA 180,969,945,600 + MGA 59,255,500,800 = MGA 240,225,446,400

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 · $16,036,707,976 · World Bank WDI

Currency MGA · exchange rate 4,429.5792 MGA/USD (2023)

Converted cost $54,232,114 for the GDP share.