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TOOL · GROSS COST

How much would a basic income cost in Vanuatu?

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

Adult population 196,688child population 123,721year 2023World Bank WDI

GROSS ANNUAL COST

2,482 million

in VUVVUV 2,482,065,600

Equal to 1.8% of reference GDP

Population covered: 320,409 people

Adults: 196,688 × VUV 800 × 12 = VUV 1,888,204,800

Children: 123,721 × VUV 400 × 12 = VUV 593,860,800

VUV 1,888,204,800 + VUV 593,860,800 = VUV 2,482,065,600

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 · $1,188,137,265 · World Bank WDI

Currency VUV · exchange rate 119.1125 VUV/USD (2023)

Converted cost $20,837,994 for the GDP share.