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TOOL · GROSS COST

How much would a basic income cost in Belize?

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

Adult population 300,138child population 110,968year 2023World Bank WDI

GROSS ANNUAL COST

3,414 million

in BZDBZD 3,413,971,200

Equal to 55.9% of reference GDP

Population covered: 411,106 people

Adults: 300,138 × BZD 800 × 12 = BZD 2,881,324,800

Children: 110,968 × BZD 400 × 12 = BZD 532,646,400

BZD 2,881,324,800 + BZD 532,646,400 = BZD 3,413,971,200

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 · $3,052,362,650 · World Bank WDI

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

Converted cost $1,706,985,600 for the GDP share.