TOOL · GROSS COST

How much would a basic income cost in Rwanda?

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

Country

Adult population 8,689,259child population 5,265,212year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

108,690 million

in RWFRWF 108,689,904,000

Equal to 0.6% of reference GDP

Population covered: 13,954,471 people

Adults: 8,689,259 × RWF 800 × 12 = RWF 83,416,886,400

Children: 5,265,212 × RWF 400 × 12 = RWF 25,273,017,600

RWF 83,416,886,400 + RWF 25,273,017,600 = RWF 108,689,904,000

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 · $14,806,501,437 · World Bank WDI

Currency RWF · exchange rate 1,160.0987 RWF/USD (2023)

Converted cost $93,690,222 for the GDP share.