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TOOL · GROSS COST

How much would a basic income cost in Seychelles?

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

Adult population 95,651child population 24,122year 2023World Bank WDI

GROSS ANNUAL COST

1,034 million

in SCRSCR 1,034,035,200

Equal to 3.4% of reference GDP

Population covered: 119,773 people

Adults: 95,651 × SCR 800 × 12 = SCR 918,249,600

Children: 24,122 × SCR 400 × 12 = SCR 115,785,600

SCR 918,249,600 + SCR 115,785,600 = SCR 1,034,035,200

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 · $2,171,547,935 · World Bank WDI

Currency SCR · exchange rate 14.0181 SCR/USD (2023)

Converted cost $73,764,234 for the GDP share.