TOOL · GROSS COST

How much would a basic income cost in Malta?

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

Country

Adult population 480,051child population 72,696year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

4,957 million

in euros€4,957,430,400

Equal to 23.7% of reference GDP

Population covered: 552,747 people

Adults: 480,051 × €800 × 12 = €4,608,489,600

Children: 72,696 × €400 × 12 = €348,940,800

€4,608,489,600 + €348,940,800 = €4,957,430,400

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 · $22,625,329,776 · World Bank WDI

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

Converted cost $5,360,313,964 for the GDP share.