TOOL · GROSS COST

How much would a basic income cost in Norway?

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

Country

Adult population 4,608,493child population 911,108year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

48,615 million

in NOKNOK 48,614,851,200

Equal to 0.9% of reference GDP

Population covered: 5,519,601 people

Adults: 4,608,493 × NOK 800 × 12 = NOK 44,241,532,800

Children: 911,108 × NOK 400 × 12 = NOK 4,373,318,400

NOK 44,241,532,800 + NOK 4,373,318,400 = NOK 48,614,851,200

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 · $502,197,633,323 · World Bank WDI

Currency NOK · exchange rate 10.5633 NOK/USD (2023)

Converted cost $4,602,226,368 for the GDP share.