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TOOL · GROSS COST

How much would a basic income cost in St. Kitts & Nevis?

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

Adult population 38,185child population 8,573year 2023World Bank WDI

GROSS ANNUAL COST

408 million

in XCDEC$407,726,400

Equal to 14.3% of reference GDP

Population covered: 46,758 people

Adults: 38,185 × EC$800 × 12 = EC$366,576,000

Children: 8,573 × EC$400 × 12 = EC$41,150,400

EC$366,576,000 + EC$41,150,400 = EC$407,726,400

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 · $1,055,651,852 · World Bank WDI

Currency XCD · exchange rate 2.7000 XCD/USD (2023)

Converted cost $151,009,778 for the GDP share.