
Picodi researchers have conducted an analysis to determine the length of time it takes to accumulate 1 million dollars in various countries, utilizing average wage data. In the United Arab Emirates (UAE), it would take approximately 24 years to reach this financial milestone. Comparatively, Switzerland offers the shortest path at 14 years, while Pakistan takes the longest at 621 years.
Timeframe to Earn $1 Million (in years):
Switzerland: 14
United States: 20
Qatar: 21
United Arab Emirates: 24
Oman: 38
Kuwait: 41
Saudi Arabia: 42
India: 148
Egypt: 603
Pakistan: 621
The study made use of salary information sourced from the user-contributed database Numbeo. A closer look at the data revealed that the average wage in the UAE is 11,270 AED. Consequently, if your earnings exceed this figure, you could potentially achieve the $1 million goal even faster.
To access the full study, [click here].