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TOOL · GROSS COST

How much would a basic income cost in St. Vincent & Grenadines?

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

Adult population 79,390child population 21,933year 2023World Bank WDI

GROSS ANNUAL COST

867 million

in XCDEC$867,422,400

Equal to 30.0% of reference GDP

Population covered: 101,323 people

Adults: 79,390 × EC$800 × 12 = EC$762,144,000

Children: 21,933 × EC$400 × 12 = EC$105,278,400

EC$762,144,000 + EC$105,278,400 = EC$867,422,400

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 · $1,072,237,037 · World Bank WDI

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

Converted cost $321,267,556 for the GDP share.