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How long it takes to become a millionaire? Find out
Although the global economy is going through a slowdown, there are some countries where becoming a millionaire takes less time than other nations.
Let's take a look and find out how long it takes to become a millionaire.
Source: The Economist
Complete coverage: Union Budget 2013-14
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How long it takes to become a millionaire? Find out
The United States
At market exchange rate: 20 years
At purchasing-power parity: 20 years
Global rank: 1
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How long it takes to become a millionaire? Find out
Norway
At market exchange rate: 20 years
At purchasing-power parity: 30 years
Global rank: 2
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Switzerland
At market exchange rate: 22 years
At purchasing-power parity: 32 years
Global rank: 3
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Australia
At market exchange rate: 24 years
At purchasing-power parity: 34 years
Global rank: 4
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Denmark
At market exchange rate: 30 years
At purchasing-power parity: 40 years
Global rank: 5
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Canada
At market exchange rate: 32 years
At purchasing-power parity: 38 years
Global rank: 6
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Japan
At market exchange rate: 34 years
At purchasing-power parity: 46 years
Global rank: 7
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France
At market exchange rate: 38 years
At purchasing-power parity: 48 years
Global rank: 8
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Germany
At market exchange rate: 40 years
At purchasing-power parity: 47 years
Global rank: 9
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The United Kingdom
At market exchange rate: 47 years
At purchasing-power parity: 49 years
Global rank: 10
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Italy
At market exchange rate: 48 years
At purchasing-power parity: 51 years
Global rank: 11
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Spain
At market exchange rate: 55 years
At purchasing-power parity: 55 years
Global rank: 12
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Israel
At market exchange rate: 55 years
At purchasing-power parity: 60 years
Global rank: 13
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South Korea
At market exchange rate: 58 years
At purchasing-power parity: 48 years
Global rank: 14
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Portugal
At market exchange rate: 80 years
At purchasing-power parity: 70 years
Global rank: 15
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Chile
At market exchange rate: 160 years
At purchasing-power parity: 130 years
Global rank: 16
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Turkey
At market exchange rate: 230 years
At purchasing-power parity: 148 years
Global rank: 17
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Bulgaria
At market exchange rate: 260 years
At purchasing-power parity: 125 years
Global rank: 18
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Mexico
At market exchange rate: 310 years
At purchasing-power parity: 205 years
Global rank: 19
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Romania
At market exchange rate: 349 years
At purchasing-power parity: 190 years
Global rank: 20