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TOOL · GROSS COST

How much would a basic income cost in Marshall Islands?

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

Adult population 25,352child population 13,475year 2023World Bank WDI

GROSS ANNUAL COST

308 million

in US dollars$308,059,200

Equal to 116.7% of reference GDP

Population covered: 38,827 people

Adults: 25,352 × $800 × 12 = $243,379,200

Children: 13,475 × $400 × 12 = $64,680,000

$243,379,200 + $64,680,000 = $308,059,200

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 · $264,000,000 · World Bank WDI

Currency USD · exchange rate 1.0000 USD/USD (2023)