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TOOL · GROSS COST

How much would a basic income cost in Nauru?

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

Adult population 7,341child population 4,534year 2023World Bank WDI

GROSS ANNUAL COST

92 million

in AUDA$92,236,800

Equal to 37.9% of reference GDP

Population covered: 11,875 people

Adults: 7,341 × A$800 × 12 = A$70,473,600

Children: 4,534 × A$400 × 12 = A$21,763,200

A$70,473,600 + A$21,763,200 = A$92,236,800

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 · $161,531,317 · World Bank WDI

Currency AUD · exchange rate 1.5052 AUD/USD (2023)

Converted cost $61,279,131 for the GDP share.