TOOL · GROSS COST

How much would a basic income cost in Nicaragua?

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

Country

Adult population 4,830,854child population 1,992,759year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

55,941 million

in NIONIO 55,941,441,600

Equal to 8.6% of reference GDP

Population covered: 6,823,613 people

Adults: 4,830,854 × NIO 800 × 12 = NIO 46,376,198,400

Children: 1,992,759 × NIO 400 × 12 = NIO 9,565,243,200

NIO 46,376,198,400 + NIO 9,565,243,200 = NIO 55,941,441,600

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 · $17,805,842,221 · World Bank WDI

Currency NIO · exchange rate 36.4412 NIO/USD (2023)

Converted cost $1,535,115,484 for the GDP share.