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TOOL · GROSS COST

How much would a basic income cost in Tanzania?

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

Adult population 38,155,970child population 28,461,636year 2023World Bank WDI

GROSS ANNUAL COST

502,913 million

in TZSTZS 502,913,164,800

Equal to 0.3% of reference GDP

Population covered: 66,617,606 people

Adults: 38,155,970 × TZS 800 × 12 = TZS 366,297,312,000

Children: 28,461,636 × TZS 400 × 12 = TZS 136,615,852,800

TZS 366,297,312,000 + TZS 136,615,852,800 = TZS 502,913,164,800

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 · $79,030,935,638 · World Bank WDI

Currency TZS · exchange rate 2,383.0426 TZS/USD (2023)

Converted cost $211,038,262 for the GDP share.