TOOL · GROSS COST

How much would a basic income cost in United Arab Emirates?

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

Country

Adult population 8,770,817child population 1,712,934year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

92,422 million

in AEDAED 92,421,926,400

Equal to 4.8% of reference GDP

Population covered: 10,483,751 people

Adults: 8,770,817 × AED 800 × 12 = AED 84,199,843,200

Children: 1,712,934 × AED 400 × 12 = AED 8,222,083,200

AED 84,199,843,200 + AED 8,222,083,200 = AED 92,421,926,400

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 · $522,622,268,401 · World Bank WDI

Currency AED · exchange rate 3.6725 AED/USD (2023)

Converted cost $25,165,943,199 for the GDP share.