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TOOL · GROSS COST

How much would a basic income cost in Panama?

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

Adult population 3,331,756child population 1,127,003year 2023World Bank WDI

GROSS ANNUAL COST

37,394 million

in PABPAB 37,394,472,000

Equal to 44.6% of reference GDP

Population covered: 4,458,759 people

Adults: 3,331,756 × PAB 800 × 12 = PAB 31,984,857,600

Children: 1,127,003 × PAB 400 × 12 = PAB 5,409,614,400

PAB 31,984,857,600 + PAB 5,409,614,400 = PAB 37,394,472,000

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 · $83,812,155,200 · World Bank WDI

Currency PAB · exchange rate 1.0000 PAB/USD (2023)

Converted cost $37,394,472,000 for the GDP share.