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TOOL · GROSS COST

How much would a basic income cost in Thailand?

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

Adult population 60,882,767child population 10,819,668year 2023World Bank WDI

GROSS ANNUAL COST

636,409 million

in THBTHB 636,408,969,600

Equal to 3.5% of reference GDP

Population covered: 71,702,435 people

Adults: 60,882,767 × THB 800 × 12 = THB 584,474,563,200

Children: 10,819,668 × THB 400 × 12 = THB 51,934,406,400

THB 584,474,563,200 + THB 51,934,406,400 = THB 636,408,969,600

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 · $517,013,369,475 · World Bank WDI

Currency THB · exchange rate 34.8022 THB/USD (2023)

Converted cost $18,286,464,029 for the GDP share.