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TOOL · GROSS COST

How much would a basic income cost in Namibia?

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

Adult population 1,858,088child population 1,105,007year 2023World Bank WDI

GROSS ANNUAL COST

23,142 million

in NADNAD 23,141,678,400

Equal to 10.0% of reference GDP

Population covered: 2,963,095 people

Adults: 1,858,088 × NAD 800 × 12 = NAD 17,837,644,800

Children: 1,105,007 × NAD 400 × 12 = NAD 5,304,033,600

NAD 17,837,644,800 + NAD 5,304,033,600 = NAD 23,141,678,400

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 · $12,522,012,874 · World Bank WDI

Currency NAD · exchange rate 18.4463 NAD/USD (2023)

Converted cost $1,254,542,534 for the GDP share.