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TOOL · GROSS COST

How much would a basic income cost in Guyana?

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

Adult population 584,040child population 242,313year 2023World Bank WDI

GROSS ANNUAL COST

6,770 million

in GYDGYD 6,769,886,400

Equal to 0.2% of reference GDP

Population covered: 826,353 people

Adults: 584,040 × GYD 800 × 12 = GYD 5,606,784,000

Children: 242,313 × GYD 400 × 12 = GYD 1,163,102,400

GYD 5,606,784,000 + GYD 1,163,102,400 = GYD 6,769,886,400

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 · $16,918,503,597 · World Bank WDI

Currency GYD · exchange rate 208.5000 GYD/USD (2023)

Converted cost $32,469,479 for the GDP share.