TOOL · GROSS COST

How much would a basic income cost in Montenegro?

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

Country

Adult population 509,219child population 114,310year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

5,437 million

in euros€5,437,190,400

Equal to 76.9% of reference GDP

Population covered: 623,529 people

Adults: 509,219 × €800 × 12 = €4,888,502,400

Children: 114,310 × €400 × 12 = €548,688,000

€4,888,502,400 + €548,688,000 = €5,437,190,400

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 · $7,643,318,276 · World Bank WDI

Currency EUR · exchange rate 0.9247 EUR/USD (2023)

Converted cost $5,879,889,497 for the GDP share.