TOOL · GROSS COST

How much would a basic income cost in Venezuela?

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

Country

Adult population 20,899,114child population 7,401,740year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

236,160 million

in VESVES 236,159,846,400

GDP share not calculated

Population covered: 28,300,854 people

The exchange rate is missing. The cost is shown in local currency, without a GDP share.

Adults: 20,899,114 × VES 800 × 12 = VES 200,631,494,400

Children: 7,401,740 × VES 400 × 12 = VES 35,528,352,000

VES 200,631,494,400 + VES 35,528,352,000 = VES 236,159,846,400

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 · $102,377,501,186 · World Bank WDI

Currency VES