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TOOL · GROSS COST

How much would a basic income cost in Fiji?

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

Adult population 671,065child population 253,080year 2023World Bank WDI

GROSS ANNUAL COST

7,657 million

in FJDFJD 7,657,008,000

Equal to 62.1% of reference GDP

Population covered: 924,145 people

Adults: 671,065 × FJD 800 × 12 = FJD 6,442,224,000

Children: 253,080 × FJD 400 × 12 = FJD 1,214,784,000

FJD 6,442,224,000 + FJD 1,214,784,000 = FJD 7,657,008,000

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 · $5,476,673,518 · World Bank WDI

Currency FJD · exchange rate 2.2501 FJD/USD (2023)

Converted cost $3,402,925,615 for the GDP share.