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TOOL · GROSS COST

How much would a basic income cost in Saudi Arabia?

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

Adult population 25,581,235child population 8,121,496year 2023World Bank WDI

GROSS ANNUAL COST

284,563 million

in SARSAR 284,563,036,800

Equal to 6.2% of reference GDP

Population covered: 33,702,731 people

Adults: 25,581,235 × SAR 800 × 12 = SAR 245,579,856,000

Children: 8,121,496 × SAR 400 × 12 = SAR 38,983,180,800

SAR 245,579,856,000 + SAR 38,983,180,800 = SAR 284,563,036,800

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 · $1,218,584,800,000 · World Bank WDI

Currency SAR · exchange rate 3.7500 SAR/USD (2023)

Converted cost $75,883,476,480 for the GDP share.