TOOL · GROSS COST

How much would a basic income cost in Peru?

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

Country

Adult population 25,601,447child population 8,244,170year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

285,346 million

in PENPEN 285,345,907,200

Equal to 28.4% of reference GDP

Population covered: 33,845,617 people

Adults: 25,601,447 × PEN 800 × 12 = PEN 245,773,891,200

Children: 8,244,170 × PEN 400 × 12 = PEN 39,572,016,000

PEN 245,773,891,200 + PEN 39,572,016,000 = PEN 285,345,907,200

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 · $268,025,009,709 · World Bank WDI

Currency PEN · exchange rate 3.7438 PEN/USD (2023)

Converted cost $76,217,722,518 for the GDP share.