TOOL · GROSS COST

How much would a basic income cost in Sierra Leone?

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

Country

Adult population 5,200,532child population 3,259,980year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

65,573 million

in SLESLE 65,573,011,200

Equal to 48.0% of reference GDP

Population covered: 8,460,512 people

Adults: 5,200,532 × SLE 800 × 12 = SLE 49,925,107,200

Children: 3,259,980 × SLE 400 × 12 = SLE 15,647,904,000

SLE 49,925,107,200 + SLE 15,647,904,000 = SLE 65,573,011,200

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 · $6,415,852,766 · World Bank WDI

Currency SLE · exchange rate 21.3049 SLE/USD (2023)

Converted cost $3,077,840,675 for the GDP share.