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Basic income cost calculator

What would a basic income cost in the Cayman Islands?

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Total cost per year

69.2 million Cayman Islands dollars

about 83 million US dollars

75,844 people × 76 Cayman Islands dollars a month × 12 months

Compared with

  • GDP (nominal) (2024)1.1%
Share on X

The Cayman Islands in numbers

The Cayman Islands has a population of 75,844 (2025) and a GDP of 6.47 billion Cayman Islands dollars (about 7.77 billion US dollars) in 2024.

Paying everyone 76 Cayman Islands dollars a month would cost 69.2 million Cayman Islands dollars a year (about 83 million US dollars), or 1.1% of GDP. The World Bank has no recent central government expense or tax figures for the Cayman Islands, so only GDP is compared.

Children only (under 18: 14,638) would cost 13.3 million Cayman Islands dollars a year (0.21% of GDP); adults only (18 and over: 61,206), 55.8 million Cayman Islands dollars (0.86%).

Default amount: 76 Cayman Islands dollars a month is the World Bank's international poverty line of $3.00 a day, converted into Cayman Islands dollars at the exchange rate implied by the World Bank's GDP in local currency and in US dollars (2024), because there is no recent PPP conversion factor, and rounded to two significant figures. It is a reference point, not a policy proposal; change it above.

How to read this

This is the gross cost: the total paid out. The real net cost depends on which taxes fund it, which benefits or tax breaks it replaces and whether the payment is taxed. The population, budget and GDP figures are not all from the same year (see the sources).

Sources for the figures

Population
World Bank: population, total (SP.POP.TOTL), and population by single year of age 0 to 17 (SP.POP.AG00.FE.IN … SP.POP.AG17.MA.IN), 2025
SP.POP.AG00.FE.IN … SP.POP.AG17.MA.IN
GDP
World Bank: GDP in current local currency (NY.GDP.MKTP.CN) and in current US dollars (NY.GDP.MKTP.CD), 2024
Default amount
World Bank: international poverty line of $3.00 a day (2021 PPP), June 2025 update
Retrieved from the World Bank API on November 9, 2026 (CC BY 4.0). Government figures are central government, as a share of GDP in their own year, applied to the latest GDP.

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