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TOOL · GROSS COST

How much would a basic income cost in Maldives?

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

Adult population 420,537child population 105,457year 2023World Bank WDI

GROSS ANNUAL COST

4,543 million

in MVRMVR 4,543,348,800

Equal to 4.5% of reference GDP

Population covered: 525,994 people

Adults: 420,537 × MVR 800 × 12 = MVR 4,037,155,200

Children: 105,457 × MVR 400 × 12 = MVR 506,193,600

MVR 4,037,155,200 + MVR 506,193,600 = MVR 4,543,348,800

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 · $6,621,008,704 · World Bank WDI

Currency MVR · exchange rate 15.3868 MVR/USD (2023)

Converted cost $295,275,851 for the GDP share.