TOOL · GROSS COST

How much would a basic income cost in Nepal?

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

Country

Adult population 21,168,213child population 8,526,401year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

244,142 million

in NPRNPR 244,141,569,600

Equal to 4.5% of reference GDP

Population covered: 29,694,614 people

Adults: 21,168,213 × NPR 800 × 12 = NPR 203,214,844,800

Children: 8,526,401 × NPR 400 × 12 = NPR 40,926,724,800

NPR 203,214,844,800 + NPR 40,926,724,800 = NPR 244,141,569,600

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 · $41,049,329,851 · World Bank WDI

Currency NPR · exchange rate 132.1155 NPR/USD (2023)

Converted cost $1,847,940,956 for the GDP share.