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

Key Takeaways:

• Workers in Colombia need 86 hours to earn $1,000, compared with just 16 hours in Luxembourg and Iceland.
• The gap between the highest- and lowest-ranked countries exceeds fivefold, even after adjusting for differences in local purchasing power.
• The average American worker needs about 22 hours to earn $1,000, placing the U.S. among the stronger earners in the OECD.

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.

Read the full article here.