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TOOL · GROSS COST

How much would a basic income cost in St. Lucia?

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

Adult population 147,246child population 32,039year 2023World Bank WDI

GROSS ANNUAL COST

1,567 million

in XCDEC$1,567,348,800

Equal to 23.8% of reference GDP

Population covered: 179,285 people

Adults: 147,246 × EC$800 × 12 = EC$1,413,561,600

Children: 32,039 × EC$400 × 12 = EC$153,787,200

EC$1,413,561,600 + EC$153,787,200 = EC$1,567,348,800

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 · $2,441,259,259 · World Bank WDI

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

Converted cost $580,499,556 for the GDP share.