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TOOL · GROSS COST

How much would a basic income cost in San Marino?

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

Adult population 29,561child population 4,299year 2023World Bank WDI

GROSS ANNUAL COST

304 million

in euros€304,420,800

Equal to 16.2% of reference GDP

Population covered: 33,860 people

Adults: 29,561 × €800 × 12 = €283,785,600

Children: 4,299 × €400 × 12 = €20,635,200

€283,785,600 + €20,635,200 = €304,420,800

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 · $2,027,243,194 · World Bank WDI

Currency EUR · exchange rate 0.9247 EUR/USD (2023)

Converted cost $329,206,913 for the GDP share.