Analysts calculated how many years it takes people from different countries to earn a million dollars

12 April 2023, 20:04 | Economy
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Picodi Analysts. com calculated how many years residents of different countries of the world can earn a million dollars, receiving an average monthly salary.

The data were kept taking into account the average monthly salary received by citizens after deducting taxes and mandatory contributions. And for currency conversion, we used the average Google Finance rate for March 2023.

102 countries of the world are included in the rating.

If you take into account all the money received, the fastest to earn a million dollars is the inhabitants of Switzerland - 14 years and 3 months.

In second place is Singapore with a score of 16 years and 11 months..

Residents of Luxembourg should work a little longer - 17 years and 4 months.

Rounding out the top five are the United States (19 years and 10 months) and Iceland (20 years and 11 months).



Ukraine occupies the 86th position in the ranking. Receiving the average salary in the country, you can earn a million dollars in 215 years and 10 months.

Neighboring Poland ranks 40th (77 years and 9 months. ), Hungary in 47th position (94 years and 4 months. ), and Romania on the 52nd (109 years and 7 months.

For over 500 years, residents of Nigeria need to work (519 years and 1 month. ), Uganda (523 g. and 3 months. ), Egypt (603 g. and 6 months. ) and Pakistan (621 g. and 3 months.




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