Ranked: The Countries Where $1,000 Takes the Longest to Earn

Ranked: The Countries Where $1,000 Takes the Longest to Earn

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How long would you need to work to earn $1,000? In Colombia, the answer is roughly 86 hours. In Luxembourg and Iceland, it’s just 16.

Using data from the OECD on average annual wages and Our World in Data’s figures for annual working hours, this visualization ranks countries by how long it takes the average worker to earn $1,000.

The figures are expressed in purchasing power parity (PPP)-adjusted dollars, which account for differences in local price levels and make incomes more comparable across countries. Taxes are not included.

How Many Hours of Work Earn $1,000?

Workers in the lowest-ranked countries need more than five times as many hours to earn $1,000 as workers in the highest-ranked countries. The gap ranges from 16 hours in Luxembourg and Iceland to 86 hours in Colombia.

The data table below shows the number of hours worked per $1,000 earned by country in purchasing power parity-adjusted dollars:

Rank	Country	Hours Worked per $1,000 Earned
1	Colombia	86
2	Mexico	78
3	Greece	60
4	Costa Rica	53
5	Hungary	51
6	Chile	51
7	Czechia	48
8	Slovakia	47
9	Portugal	45
10	Poland	43
11	Estonia	42
12	Latvia	38
13	South Korea	38
14	Turkey	37
15	Israel	34
16	Italy	34
17	Japan	34
18	Lithuania	33
19	Spain	30
20	New Zealand	28
21	Ireland	27
22	Slovenia	27
23	Finland	25
24	Canada	25
25	France	25
26	United Kingdom	24
27	Sweden	24
28	Australia	23
29	United States	22
30	Belgium	21
31	Germany	20
32	Austria	20
33	Denmark	19
34	Netherlands	19
35	Norway	19
36	Switzerland	18
37	Iceland	16
38	Luxembourg	16

Europe dominates the top of the ranking. Luxembourg, Iceland, Switzerland, Norway, Denmark, and the Netherlands all require fewer than 20 hours of work to earn $1,000.

For comparison, the average American worker needs about 22 hours to earn $1,000, placing the U.S. among the stronger earners but still behind multiple European economies.

Latin America Earns Less While Working More

Colombia and Mexico sit at the bottom of the ranking, requiring 86 and 78 hours of work, respectively, to earn $1,000. Both figures are more than triple the U.S. level and more than four times higher than Luxembourg’s.

While workers in these countries often log similar or even greater annual hours than workers in richer economies, average wages remain substantially lower.

Research highlighted by Our World in Data finds that workers in lower-income countries tend to work longer hours while generating less income per hour worked. Economists point to lower productivity levels, a larger informal sector, reduced access to capital, and weaker wage growth as contributing factors.

Nordic Countries and Luxembourg Stand Out

At the other end of the spectrum are Luxembourg and the Nordic economies. Denmark, Norway, Iceland, and Finland combine relatively high wages with advanced, high-productivity economies.

Analysis from the Becker Friedman Institute and CEPR highlights how strong labor-market institutions, high workforce participation, and substantial investments in education contribute to both high wages and relatively compressed income distributions.

Luxembourg benefits from an especially high concentration of financial and professional services jobs, helping support some of the highest average wage levels in the world.

Why Purchasing Power Matters

The analysis uses purchasing power parity (PPP), which adjusts wages to reflect differences in local price levels. PPP adjustments allow economists to compare what incomes can actually buy in a specific country rather than relying solely on market exchange rates.

Without PPP adjustments, workers in lower-cost countries could appear poorer than they actually are, and vice versa.

Learn More on the Voronoi App

Want to explore wage differences across Europe? Check out Mapped: Average Full-Time Salary in Europe by Country on the Voronoi app.

• Source: https://www.visualcapitalist.com/ranked-countries-where-1000-takes-longest-to-earn/