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TOOL · GROSS COST

How much would a basic income cost in Senegal?

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

Adult population 11,094,279child population 6,983,294year 2023World Bank WDI

GROSS ANNUAL COST

140,025 million

in XOFF CFA 140,024,889,600

Equal to 0.8% of reference GDP

Population covered: 18,077,573 people

Adults: 11,094,279 × F CFA 800 × 12 = F CFA 106,505,078,400

Children: 6,983,294 × F CFA 400 × 12 = F CFA 33,519,811,200

F CFA 106,505,078,400 + F CFA 33,519,811,200 = F CFA 140,024,889,600

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 · $30,696,331,296 · World Bank WDI

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

Converted cost $230,847,136 for the GDP share.