TOOL · GROSS COST

How much would a basic income cost in Kiribati?

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

Country

Adult population 86,239child population 46,291year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

1,050 million

in AUDA$1,050,091,200

Equal to 239.2% of reference GDP

Population covered: 132,530 people

Adults: 86,239 × A$800 × 12 = A$827,894,400

Children: 46,291 × A$400 × 12 = A$222,196,800

A$827,894,400 + A$222,196,800 = A$1,050,091,200

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 · $291,657,338 · World Bank WDI

Currency AUD · exchange rate 1.5052 AUD/USD (2023)

Converted cost $697,646,448 for the GDP share.