TOOL · GROSS COST

How much would a basic income cost in Kuwait?

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

Country

Adult population 3,950,546child population 902,874year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

42,259 million

in KWDKWD 42,259,036,800

Equal to 83.1% of reference GDP

Population covered: 4,853,420 people

Adults: 3,950,546 × KWD 800 × 12 = KWD 37,925,241,600

Children: 902,874 × KWD 400 × 12 = KWD 4,333,795,200

KWD 37,925,241,600 + KWD 4,333,795,200 = KWD 42,259,036,800

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 · $165,462,656,227 · World Bank WDI

Currency KWD · exchange rate 0.3072 KWD/USD (2023)

Converted cost $137,568,528,668 for the GDP share.