TOOL · GROSS COST

How much would a basic income cost in Republic of the Congo?

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

Country

Adult population 3,655,093child population 2,527,792year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

47,222 million

in XAFFCFA 47,222,294,400

Equal to 0.5% of reference GDP

Population covered: 6,182,885 people

Adults: 3,655,093 × FCFA 800 × 12 = FCFA 35,088,892,800

Children: 2,527,792 × FCFA 400 × 12 = FCFA 12,133,401,600

FCFA 35,088,892,800 + FCFA 12,133,401,600 = FCFA 47,222,294,400

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 · $15,321,055,823 · World Bank WDI

Currency XAF · exchange rate 606.5698 XAF/USD (2023)

Converted cost $77,851,384 for the GDP share.