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TOOL · GROSS COST

How much would a basic income cost in Slovakia?

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

Adult population 4,563,499child population 863,241year 2023World Bank WDI

GROSS ANNUAL COST

47,953 million

in euros€47,953,147,200

Equal to 38.8% of reference GDP

Population covered: 5,426,740 people

Adults: 4,563,499 × €800 × 12 = €43,809,590,400

Children: 863,241 × €400 × 12 = €4,143,556,800

€43,809,590,400 + €4,143,556,800 = €47,953,147,200

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 · $133,578,518,424 · World Bank WDI

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

Converted cost $51,850,233,655 for the GDP share.