TOOL · GROSS COST

How much would a basic income cost in Serbia?

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

Country

Adult population 5,672,737child population 950,446year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

59,020 million

in RSDRSD 59,020,416,000

Equal to 0.7% of reference GDP

Population covered: 6,623,183 people

Adults: 5,672,737 × RSD 800 × 12 = RSD 54,458,275,200

Children: 950,446 × RSD 400 × 12 = RSD 4,562,140,800

RSD 54,458,275,200 + RSD 4,562,140,800 = RSD 59,020,416,000

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 · $81,343,999,280 · World Bank WDI

Currency RSD · exchange rate 108.4027 RSD/USD (2023)

Converted cost $544,455,263 for the GDP share.