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TOOL · GROSS COST

How much would a basic income cost in Paraguay?

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

Adult population 4,874,332child population 1,969,814year 2023World Bank WDI

GROSS ANNUAL COST

56,249 million

in PYGPYG 56,248,694,400

Equal to 0.0% of reference GDP

Population covered: 6,844,146 people

Adults: 4,874,332 × PYG 800 × 12 = PYG 46,793,587,200

Children: 1,969,814 × PYG 400 × 12 = PYG 9,455,107,200

PYG 46,793,587,200 + PYG 9,455,107,200 = PYG 56,248,694,400

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 · $43,140,465,596 · World Bank WDI

Currency PYG · exchange rate 7,288.8721 PYG/USD (2023)

Converted cost $7,717,064 for the GDP share.