New research reveals the countries where £1000 will last you the longest amount of time and Romania ranks 8th!
In Romania, £1000 will last approximately 86 days, as the cost of living in the Romania is equivalent to £11.75 (RON68.05)a day.
The study by money.co.uk analysed the daily cost of living and average income in developed nations around the world to reveal where in the world £1000 lasts the longest and which country earns £1000 the fastest.
Colombia is the nation where £1,000 will last you the longest, 109 days in total. The average cost of living per day in Colombia is £9.19 (just under £10 lower than the worldwide average of £19.13). Consequently, £1,000 will last you longer here than anywhere else.
Colombia is also where it takes the longest to earn the same amount. The daily average income is £16.23 so in total it will take 62 days to earn £1,000.
Turkey is the only other country where daily living costs are under £10 (£9.72 in total). In Turkey, the four-figure budget will last 103 days on average, although this is six days fewer than Colombia, it is almost double the global average.
In comparison, in the country where £1,000 will last you the shortest amount of time, Switzerland, the average cost of living is £37.96 a day which means £1000 will last approximately 27 days.
You can view the research in full by clicking here.
Top 10 countries where £1,000 would last you the longest
|
Rank |
Country |
Average cost of living per day (Local currency) |
Average cost of living per day (GBP) |
How many days would £1,000 (or local equivalent) last you |
|
1 |
Colombia |
$48,344 |
£9.19 |
109 |
|
2 |
Turkey |
₺116.87 |
£9.72 |
103 |
|
3 |
Kazakhstan |
₸5,892.16 |
£10.10 |
100 |
|
4 |
Belarus |
36 р. |
£10.44 |
96 |
|
5 |
Argentina |
$1,437.99 |
£10.64 |
94 |
|
6 |
Malaysia |
RM63.11 |
£11.01 |
91 |
|
7 |
Mexico |
$317.58 |
£11.55 |
87 |
|
8 |
Romania |
RON68.05 |
£11.75 |
86 |
|
9 |
Serbia |
din1,643 |
£11.93 |
84 |
|
10 |
Bulgaria |
lev27.98 |
£12.27 |
82 |