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TOOL · GROSS COST

How much would a basic income cost in Uruguay?

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

Adult population 2,755,004child population 633,077year 2023World Bank WDI

GROSS ANNUAL COST

29,487 million

in UYUUYU 29,486,808,000

Equal to 1.0% of reference GDP

Population covered: 3,388,081 people

Adults: 2,755,004 × UYU 800 × 12 = UYU 26,448,038,400

Children: 633,077 × UYU 400 × 12 = UYU 3,038,769,600

UYU 26,448,038,400 + UYU 3,038,769,600 = UYU 29,486,808,000

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 · $79,208,725,900 · World Bank WDI

Currency UYU · exchange rate 38.8239 UYU/USD (2023)

Converted cost $759,501,115 for the GDP share.