Skip to Content

The 8 Cheapest Countries To Visit In 2023 Revealed In New Study

Share The Article

Last Updated

As the cost of living continues to rise for Americans, getting to spend a few days or weeks abroad is no longer a guaranteed reward for their hard work but rather a luxury that few can afford to indulge in.

With airfare and accommodation prices reaching all-time highs, travelers are forced to make well-thought-out decisions when it comes to their destination of choice.

The good news is that there are still certain places that can provide visitors with a memorable experience without breaking the bank.

A recent report by The Times has discovered some of the most affordable holiday destinations of 2023.

Woman in Bali in front of temple

These are the countries that made it to the top eight:

1. Turkey

If you’ve been keeping up to date with the economics section of the paper, you already know that the U.S. dollar has lost some of its buying power due to inflation.

However, there are certain currencies that have lost far more value than the U.S. dollar during this worldwide economic turmoil, one of them being the Turkish Lira.

The same amount of money that could get you 6 Liras two years ago can now get you 27, marking an increase of 350% in your buying power in Turkey. 

That’s why some of the country’s most gorgeous destinations, such as Bodrum, Cappadocia, and Istanbul, have seen a steep incline in visitors this year.

Tourists can access 5-star resorts and all-you-can-eat buffets for far cheaper, all while getting to enjoy the stunning nature, sandy beaches, and exquisite food that Turkey is famous for.

view of harbor in turkey

2. Portugal

Portugal, represented by its colorful capital Lisbon, has earned a rightful place on the report by boasting some of the most reasonable prices in all of Western Europe.

With accommodation costs starting at $33 a night, it comes as no surprise that so many tourists are choosing to spend their holidays basking under the Portuguese sun.

And, when it comes to a place that provides its visitors with so much to see and do, such prices offer unbeatable value. 

Top 5 Travel Insurance Plans For 2023 Starting At $10 Per Week

Easily Earn Points For Free Travel

Palace of Pena in Sintra. Lisbon, Portugal

3. Sri Lanka

If you’re not in the mood to spend your summer roaming through the busy streets of Lisbon, an island getaway might be more up your speed.

Sri Lanka provides just that for hundreds of thousands of visitors a year, many of whom are on a strict budget.

There’s no shortage of world-class beaches here, with some of the most popular being Hiriketiya, Mirissa, and Bentota.

The soft golden sand and crystal clear waters are unlike anything you’ve seen before.

Though there are some safety concerns to take into account before embarking on a trip to Sri Lanka, as long as you take proper measures, you should be able to enjoy a stunning, adventure-filled vacation at a remarkably low price.

Beach and lighthouse in Sri Lanka

4. The Gambia

The smallest country in mainland Africa has a lot to offer to its hundreds of thousands of tourists every year.

Whether you’re planning on enjoying a beach vacation, observing the wildlife, or experiencing one of the richest cultures in the world, you’re bound to find what you're looking for in The Gambia. 

Though more touristy areas are starting to catch up with the prices of other hotspots around the globe, there’s still a lot to do and see (and eat) here for under $10. 

beach in Gambia

5. Bali (Indonesia)

You’ve seen the Instagram pictures – the stunning nature complemented by luxurious villas that seem to have come right out of a TV show. None of that screams “budget,” so how come Bali made it to this list?

While higher-end accommodations located in busier areas can rack up quite a bill, those strategic enough to choose the right timing and itinerary can still enjoy the paradisical beaches of Kuta or Kelingking without spending more than $50 or $60 a day.

Tropical Beach In Bali, Indonesia, Southeast Asia

6. Belize

Those wanting to travel a bit closer to home will adore this Central American gem. Don’t let the facade of 5-star resorts and upscale nightclubs fool you – the main attractions of the country are either free or extremely cheap to access.

If you were to visit the Mayan Ruins, see the Great Blue Hole, and sunbathe in San Pedro, all within one day, $25 would be enough to cover everything.

Canoe floating on transparent turquoise water, caribbean sea, Belize, Cayes islands copy

7. Jamaica

Coming in at number seven we have another Caribbean destination that gives The Maldives a run for their money.

Between accommodation starting at $35 and Jamaican rum being sold at $15/kg, your beach vacation will finally give your wallet a break. 

However, as of September 1st of this year, the country is requiring all tourists to complete a new digital entry form in an effort to make the arrival process more seamless, so make sure you get through all the logistics before boarding the plane.

Beach and ocean with cabanas on the sand montego bay jamaica

8. Bolivia

Though not the typical beach destination, Bolivia can still provide the trip of a lifetime to travelers on a budget.

Between Salar de Uyuni, Lake Titicaca, and Reserva Eduardo Avaroa, you’ll be too busy staring at the one-of-a-kind view in awe to even think about sunbathing.

Since most of the country’s attractions are comprised of natural landscapes, you won’t have to spend a dime to have a great time here.

Mercado De Las Brujas In La Paz, Bolivia

↓ Elevate Your Travel↓

Sign Up Now For Travel Off Path Premium! No ads, VIP Content, Personal Travel Concierge, Huge Savings, Daily Deals, Members Forum & More!

✈️Join Our Travel Off Path Community Forum: Where travelers unite, ask questions, share experiences and even find like-minded travel buddies!


Enter your email address to subscribe to Travel Off Path's latest breaking travel news, straight to your inbox.

This article originally appeared on

Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.


Wednesday 23rd of August 2023

Turkey is on the Euro I spent 3 months there and I had to pay euro everywhere no one accepted lira


Monday 21st of August 2023

Indonesia isn't just Bali

Josh Crawford

Saturday 19th of August 2023

Went to Lisbon in the Fall of 2021 and it was incredibly affordable. I stayed in a studio apartment steps away from the entrance to St. Jorge Castle for $22/night. Looked recently and prices had TRIPLED. Going to Turkey in November, then Bali. Istanbul prices have skyrocketed too! One restaurant I looked at has menus posted going back 3 years. Two years ago their house specials were 49 TL and 69 TL. Today they are 169 TL and 219 TL. That's TRIPLED. One upside is it's made me realize that my 30% hike in rent maybe wasn't so bad ...

G Yanez

Friday 18th of August 2023

What about Argentina? Isn't it cheaper than Bolivia, Jamaica and Bali? It seems most of your data is outdated.

M . Yaghi

Friday 18th of August 2023

It seems that you have not been to Turkey lately. I suggest you take a trip to see how expensive Turkey is, especially Istanbul.

Josh Crawford

Saturday 19th of August 2023

@M . Yaghi, I'm going to Istanbul in November, and I've been watching the exchange rate AND prices go up like crazy for the past year. The dollar may be worth 3x what it was but prices seem to have jumped enough to compensate. The 6 TL transportation card is now 50 TL, for instance. As I said above, a dish in one restaurant that was 69 TL two years ago is now 219 TL, triple in price. Still relatively affordable compared to most places, but not as cheap as people think...