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TOOL · GROSS COST

How much would a basic income cost in Tuvalu?

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

Adult population 6,616child population 3,200year 2023World Bank WDI

GROSS ANNUAL COST

79 million

in AUDA$78,873,600

Equal to 103.8% of reference GDP

Population covered: 9,816 people

Adults: 6,616 × A$800 × 12 = A$63,513,600

Children: 3,200 × A$400 × 12 = A$15,360,000

A$63,513,600 + A$15,360,000 = A$78,873,600

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 · $50,491,931 · World Bank WDI

Currency AUD · exchange rate 1.5052 AUD/USD (2023)

Converted cost $52,401,055 for the GDP share.