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TOOL · GROSS COST

How much would a basic income cost in Malaysia?

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

Adult population 27,297,352child population 7,828,946year 2023World Bank WDI

GROSS ANNUAL COST

299,634 million

in MYRMYR 299,633,520,000

Equal to 16.4% of reference GDP

Population covered: 35,126,298 people

Adults: 27,297,352 × MYR 800 × 12 = MYR 262,054,579,200

Children: 7,828,946 × MYR 400 × 12 = MYR 37,578,940,800

MYR 262,054,579,200 + MYR 37,578,940,800 = MYR 299,633,520,000

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 · $399,949,418,753 · World Bank WDI

Currency MYR · exchange rate 4.5606 MYR/USD (2023)

Converted cost $65,700,122,898 for the GDP share.