TOOL · GROSS COST

How much would a basic income cost in Palau?

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

Country

Adult population 14,440child population 3,287year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

154 million

in US dollars$154,401,600

Equal to 55.9% of reference GDP

Population covered: 17,727 people

Adults: 14,440 × $800 × 12 = $138,624,000

Children: 3,287 × $400 × 12 = $15,777,600

$138,624,000 + $15,777,600 = $154,401,600

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 · $276,157,406 · World Bank WDI

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