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TOOL · GROSS COST

How much would a basic income cost in Portugal?

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

Adult population 9,214,262child population 1,363,912year 2023World Bank WDI

GROSS ANNUAL COST

95,004 million

in euros€95,003,692,800

Equal to 35.1% of reference GDP

Population covered: 10,578,174 people

Adults: 9,214,262 × €800 × 12 = €88,456,915,200

Children: 1,363,912 × €400 × 12 = €6,546,777,600

€88,456,915,200 + €6,546,777,600 = €95,003,692,800

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 · $292,323,800,949 · World Bank WDI

Currency EUR · exchange rate 0.9248 EUR/USD (2023)

Converted cost $102,724,512,517 for the GDP share.