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TOOL · GROSS COST

How much would a basic income cost in Oman?

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

Adult population 3,775,451child population 1,273,818year 2023World Bank WDI

GROSS ANNUAL COST

42,359 million

in OMROMR 42,358,656,000

Equal to 103.8% of reference GDP

Population covered: 5,049,269 people

Adults: 3,775,451 × OMR 800 × 12 = OMR 36,244,329,600

Children: 1,273,818 × OMR 400 × 12 = OMR 6,114,326,400

OMR 36,244,329,600 + OMR 6,114,326,400 = OMR 42,358,656,000

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 · $106,174,707,932 · World Bank WDI

Currency OMR · exchange rate 0.3845 OMR/USD (2023)

Converted cost $110,165,555,267 for the GDP share.