TOOL · GROSS COST

How much would a basic income cost in Türkiye?

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

Country

Adult population 66,691,006child population 18,634,959year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

729,681 million

in TRYTRY 729,681,460,800

Equal to 2.7% of reference GDP

Population covered: 85,325,965 people

Adults: 66,691,006 × TRY 800 × 12 = TRY 640,233,657,600

Children: 18,634,959 × TRY 400 × 12 = TRY 89,447,803,200

TRY 640,233,657,600 + TRY 89,447,803,200 = TRY 729,681,460,800

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 · $1,141,242,864,657 · World Bank WDI

Currency TRY · exchange rate 23.7386 TRY/USD (2023)

Converted cost $30,738,228,124 for the GDP share.