What would a basic income cost in Colombia?
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Total cost per year
96.2 trillion Colombian pesos
about 23.7 billion US dollars
53.4 million people × 150,000 Colombian pesos a month × 12 months
Compared with
- Government expense (central) (2023)15.6%
- Government revenue (central, excl. grants) (2024)20.1%
- Tax revenue (central government) (2024)34.1%
- GDP (nominal) (2025)5.2%
Colombia in numbers
Colombia has a population of 53.4 million (2025) and a GDP of 1,850 trillion Colombian pesos (about 457 billion US dollars) in 2025.
Paying everyone 150,000 Colombian pesos a month would cost 96.2 trillion Colombian pesos a year (about 23.7 billion US dollars), or 5.2% of GDP. That equals 15.6% of central government expense (2023), 20.1% of its revenue (2024), and 34.1% of its tax revenue (2024).
Children only (under 18: 13 million) would cost 23.4 trillion Colombian pesos a year (1.3% of GDP); adults only (18 and over: 40.4 million), 72.8 trillion Colombian pesos (3.9%).
Default amount: 150,000 Colombian pesos a month is the World Bank's international poverty line of $3.00 a day (2021 PPP), converted into Colombian pesos with the World Bank's PPP conversion factor for household consumption (2025) and rounded to two significant figures. It is a reference point, not a policy proposal; change it above.
How to read this
This is the gross cost: the total paid out. The real net cost depends on which taxes fund it, which benefits or tax breaks it replaces and whether the payment is taxed. The population, budget and GDP figures are not all from the same year (see the sources).
Sources for the figures
- Population
- World Bank: population, total (SP.POP.TOTL), and population by single year of age 0 to 17 (SP.POP.AG00.FE.IN … SP.POP.AG17.MA.IN), 2025
- SP.POP.AG00.FE.IN … SP.POP.AG17.MA.IN
- Government expense and tax revenue
- World Bank: central government expense, revenue excluding grants and tax revenue, % of GDP (GC.XPN.TOTL.GD.ZS, GC.REV.XGRT.GD.ZS, GC.TAX.TOTL.GD.ZS), 2023, 2024
- Default amount
- World Bank: international poverty line of $3.00 a day (2021 PPP), June 2025 update
- World Bank: PPP conversion factor, household final consumption (PA.NUS.PRVT.PP), 2025
- Retrieved from the World Bank API on November 9, 2026 (CC BY 4.0). Government figures are central government, as a share of GDP in their own year, applied to the latest GDP.