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TOOL · GROSS COST

How much would a basic income cost in Papua New Guinea?

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

Adult population 6,877,499child population 3,512,136year 2023World Bank WDI

GROSS ANNUAL COST

82,882 million

in PGKPGK 82,882,243,200

Equal to 74.9% of reference GDP

Population covered: 10,389,635 people

Adults: 6,877,499 × PGK 800 × 12 = PGK 66,023,990,400

Children: 3,512,136 × PGK 400 × 12 = PGK 16,858,252,800

PGK 66,023,990,400 + PGK 16,858,252,800 = PGK 82,882,243,200

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 · $30,816,328,066 · World Bank WDI

Currency PGK · exchange rate 3.5896 PGK/USD (2023)

Converted cost $23,089,402,143 for the GDP share.