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TOOL · GROSS COST

How much would a basic income cost in Zambia?

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

Adult population 12,029,200child population 8,694,765year 2023World Bank WDI

GROSS ANNUAL COST

157,215 million

in ZMWZMW 157,215,192,000

Equal to 28.2% of reference GDP

Population covered: 20,723,965 people

Adults: 12,029,200 × ZMW 800 × 12 = ZMW 115,480,320,000

Children: 8,694,765 × ZMW 400 × 12 = ZMW 41,734,872,000

ZMW 115,480,320,000 + ZMW 41,734,872,000 = ZMW 157,215,192,000

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 · $27,577,956,471 · World Bank WDI

Currency ZMW · exchange rate 20.2120 ZMW/USD (2023)

Converted cost $7,778,302,644 for the GDP share.