TOOL · GROSS COST

How much would a basic income cost in Somalia?

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

Adult population 9,789,050child population 8,569,565year 2023World Bank WDI

GROSS ANNUAL COST

135,109 million

in SOSSOS 135,108,792,000

GDP share not calculated

Population covered: 18,358,615 people

The exchange rate is missing. The cost is shown in local currency, without a GDP share.

Adults: 9,789,050 × SOS 800 × 12 = SOS 93,974,880,000

Children: 8,569,565 × SOS 400 × 12 = SOS 41,133,912,000

SOS 93,974,880,000 + SOS 41,133,912,000 = SOS 135,108,792,000

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 · $10,958,000,000 · World Bank WDI

Currency SOS