How long will it take to become a dollar millionaire in Belarus?
To become a dollar millionaire in Belarus, while receiving an average salary, one needs to live 231 years and 5 months.
Working for decades, people often do not think about how much money they have earned in the aggregate. In this study, Picodi.com analysts calculated how many years it will take people from different countries to earn a million dollars, while receiving an average monthly salary in the country.
The ranking includes 102 countries of the world. If you take into account all the money received, Switzerland ranks 1st – it will take its residents 13 years and 4 months to earn one million dollars. Australia ranks 2nd with a score of 20 years and 1 month. Residents of Singapore have to work 1 month longer – 20 years and 2 months. The top five also includes Luxembourg (20 years and 4 months) and the United States (23 years and 1 month).
Belarus ranks 84th in the rankings. While receiving the average salary in the country, one can earn a million dollars in 231 years and 5 months. Neighbouring Russia ranks 70th (191 and 9 months). Poland ranks 41st (80 years and 3 months), Ukraine – 61st (145 years and 6 months), Latvia – 46th (89 years and 1 month), Lithuania – 40th (74 years and 4 months).
As for the citizens of Pakistan, Nigeria and Uganda, it will take them more than 400 years: 427 years and 6 months, 435 years and 6 months, 515 years and 1 month, respectively.
Methodology and data sources
The data on the average salary after taxes and mandatory contributions was taken from the website numbeo.com, where it is collected by thousands of users from all over the world. For currency conversion, we used the average Google Finance exchange rate for March 2022. At the time of conversion, the US dollar exchange rate was equal to 3.22 Belarusian rubles.