TOOL · GROSS COST

How much would a basic income cost in North Macedonia?

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

Adult population 1,515,847child population 311,969year 2023World Bank WDI

GROSS ANNUAL COST

16,050 million

in MKDMKD 16,049,582,400

Equal to 1.8% of reference GDP

Population covered: 1,827,816 people

Adults: 1,515,847 × MKD 800 × 12 = MKD 14,552,131,200

Children: 311,969 × MKD 400 × 12 = MKD 1,497,451,200

MKD 14,552,131,200 + MKD 1,497,451,200 = MKD 16,049,582,400

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 · $15,855,131,189 · World Bank WDI

Currency MKD · exchange rate 56.9472 MKD/USD (2023)

Converted cost $281,832,728 for the GDP share.