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TOOL · GROSS COST

How much would a basic income cost in Laos?

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

Adult population 5,322,750child population 2,342,243year 2023World Bank WDI

GROSS ANNUAL COST

62,341 million

in LAKLAK 62,341,166,400

Equal to 0.0% of reference GDP

Population covered: 7,664,993 people

Adults: 5,322,750 × LAK 800 × 12 = LAK 51,098,400,000

Children: 2,342,243 × LAK 400 × 12 = LAK 11,242,766,400

LAK 51,098,400,000 + LAK 11,242,766,400 = LAK 62,341,166,400

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 · $15,843,155,731 · World Bank WDI

Currency LAK · exchange rate 17,688.8736 LAK/USD (2023)

Converted cost $3,524,315 for the GDP share.