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TOOL · GROSS COST

How much would a basic income cost in Iraq?

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

Adult population 28,355,455child population 16,718,594year 2023World Bank WDI

GROSS ANNUAL COST

352,462 million

in IQDIQD 352,461,619,200

Equal to 0.1% of reference GDP

Population covered: 45,074,049 people

Adults: 28,355,455 × IQD 800 × 12 = IQD 272,212,368,000

Children: 16,718,594 × IQD 400 × 12 = IQD 80,249,251,200

IQD 272,212,368,000 + IQD 80,249,251,200 = IQD 352,461,619,200

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 · $268,881,051,644 · World Bank WDI

Currency IQD · exchange rate 1,312.5000 IQD/USD (2023)

Converted cost $268,542,186 for the GDP share.