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TOOL · GROSS COST

How much would a basic income cost in Malawi?

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

Adult population 12,384,937child population 8,719,545year 2023World Bank WDI

GROSS ANNUAL COST

160,749 million

in MWKMWK 160,749,211,200

Equal to 1.0% of reference GDP

Population covered: 21,104,482 people

Adults: 12,384,937 × MWK 800 × 12 = MWK 118,895,395,200

Children: 8,719,545 × MWK 400 × 12 = MWK 41,853,816,000

MWK 118,895,395,200 + MWK 41,853,816,000 = MWK 160,749,211,200

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 · $13,363,669,673 · World Bank WDI

Currency MWK · exchange rate 1,161.0944 MWK/USD (2023)

Converted cost $138,446,293 for the GDP share.