TOOL · GROSS COST

How much would a basic income cost in Monaco?

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

Country

Adult population 33,822child population 5,134year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

349 million

in euros€349,334,400

Equal to 3.8% of reference GDP

Population covered: 38,956 people

Adults: 33,822 × €800 × 12 = €324,691,200

Children: 5,134 × €400 × 12 = €24,643,200

€324,691,200 + €24,643,200 = €349,334,400

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 · $10,003,897,341 · World Bank WDI

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

Converted cost $377,724,327 for the GDP share.