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TOOL · GROSS COST

How much would a basic income cost in Antigua & Barbuda?

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

Adult population 76,316child population 17,000year 2023World Bank WDI

GROSS ANNUAL COST

814 million

in XCDEC$814,233,600

Equal to 14.7% of reference GDP

Population covered: 93,316 people

Adults: 76,316 × EC$800 × 12 = EC$732,633,600

Children: 17,000 × EC$400 × 12 = EC$81,600,000

EC$732,633,600 + EC$81,600,000 = EC$814,233,600

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 · $2,054,096,296 · World Bank WDI

Currency XCD · exchange rate 2.7000 XCD/USD (2023)

Converted cost $301,568,000 for the GDP share.