UBI RADAR
EN / ES

TOOL · GROSS COST

How much would a basic income cost in Barbados?

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

Adult population 232,964child population 49,372year 2023World Bank WDI

GROSS ANNUAL COST

2,473 million

in BBDBBD 2,473,440,000

Equal to 17.1% of reference GDP

Population covered: 282,336 people

Adults: 232,964 × BBD 800 × 12 = BBD 2,236,454,400

Children: 49,372 × BBD 400 × 12 = BBD 236,985,600

BBD 2,236,454,400 + BBD 236,985,600 = BBD 2,473,440,000

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 · $7,223,248,150 · World Bank WDI

Currency BBD · exchange rate 2.0000 BBD/USD (2023)

Converted cost $1,236,720,000 for the GDP share.