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TOOL · GROSS COST

How much would a basic income cost in Sweden?

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

Adult population 8,719,086child population 1,817,546year 2023World Bank WDI

GROSS ANNUAL COST

92,427 million

in SEKSEK 92,427,446,400

Equal to 1.5% of reference GDP

Population covered: 10,536,632 people

Adults: 8,719,086 × SEK 800 × 12 = SEK 83,703,225,600

Children: 1,817,546 × SEK 400 × 12 = SEK 8,724,220,800

SEK 83,703,225,600 + SEK 8,724,220,800 = SEK 92,427,446,400

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 · $578,990,915,246 · World Bank WDI

Currency SEK · exchange rate 10.6102 SEK/USD (2023)

Converted cost $8,711,219,728 for the GDP share.