Salary Calculator (PPP)

ASM

MNG

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

$

Choose your Country for Currency Conversion as per PPP below

American Samoa

Mongolia

US Dollar ($) = Tugrik (₮)

You require a salary of

0.00
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We're comparing economic indicators between countries for the same year, even if it's not the latest year available. This ensures consistency, but if we want to use the latest data for both countries, you'll need to switch to an non-strict mode. (feature coming soon).

in Mongolia to live a similar quality of life as you would live with a salary of $10,000 in American Samoa

0 PPP data from World Bank

Introduction to PPP (Purchasing Power Parity)

Purchasing Power Parity In layman language

First of all, PPP is not perfect but it is a theoretical scaling instrument that helps us understand our salary difference using the exchange rates provided and cost of goods in the particular country.

In simpler terms, to calculate which things we can afford if our salaries remain the same in the same country where I want to buy things.


Let me clear your confusion by presenting you with an example here how it goes, Imagine you have a $ 10,000 salary, you want to move abroad to the Mongolia, should you directly convert your currency to check how much you should be paid ?

Well actually No, let's check with a burger, check if the price of 🍔Burger is the same in the Mongolia as you have right now in American Samoa. Even if you have tried to convert the price of it, you will find it slightly expensive or affordable so are you convinced now why exchange rates are not correct to check your salary.

So instead of checking exchange rates use Purchasing power parity values provided by 🌐World Bank, this index will guide and keep you informed about keeping inflation, expensive places in mind to negotiate it with your hr.

PPP index is used in salary conversion, if you move to a different country to evaluate you get the same value as you used to get in your motherland/work country to the country you moved or from the previous company to your country which can be expensive or lower as per exchange rate but as I said earlier it only converts the currencies.


Importance of PPP in economics

PPP is important because it helps us compare how well-off people are in different countries. It's like a fair way to see who can buy more with their money, regardless of the currency they use. It helps economists understand the standard of living and economic productivity across the globe.

Importance of PPP is very significant in economics to help economists, investors, enthusiasts and a closer check for governments also to check their ppp as it helps them understand how much affordability is there in a country. It also helps them understand -

  • Fair way of checking all the countries where who can buy more with their money regardless of currency they use.
  • Living standards across the nation.
  • Economic productivity across the globe.

Understanding PPP Calculators

What is a PPP Calculator?

A PPP (Purchasing Power Parity) Salary Calculator by (Banksforyou) is a financial tool made to help job seekers, expatriates, employers, hr, economists, researchers and by IMF themselves to compare salaries or wages between different countries by taking into account the differences in the cost of living, simply to check if their current salary aligns with the local cost of living.

How PPP Salary Calculator Work?

A PPP (Purchasing Power Parity) salary calculator works by adjusting salaries or wages from one country to another considering the differences in the cost of living.

Let us check the breakdown of this-

  1. Salary Input - only numeric digits are allowed. Type the salary that you get in your current origin country i.e American Samoa
  2. Input Boxes - one is the origin country and another is Target country. In your country, your current country you are living in and the salary you're expecting from American Samoa and the salary that should align with the Mongolia. Select the countries from the boxes.
  3. Data Retrieval - Data provided by World bank is stored into our databases then retrieved from it and calculates the ppp based on the selected origin and target country. The formulae goes by this - Select the countries from the boxes.

Salary you get in American Samoa (origin country) whole divided by total multiplication of (source country American Samoa index value multiplied by Target country MNG index value provided by World Bank)

Salary (s)- $ 10,000

Index Value of ASM (a)-

Index Value of MNG (b)- 1111.217462

(s) / ((a) * (b)) = ₮0.00

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Algeria vs American Samoa
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American Samoa vs Bosnia and Herzegovina
Bosnia and Herzegovina vs American Samoa
American Samoa vs Botswana
Botswana vs American Samoa
American Samoa vs Brazil
Brazil vs American Samoa
American Samoa vs British Virgin Islands
British Virgin Islands vs American Samoa
American Samoa vs Brunei Darussalam
Brunei Darussalam vs American Samoa
American Samoa vs Bulgaria
Bulgaria vs American Samoa
American Samoa vs Burkina Faso
Burkina Faso vs American Samoa
American Samoa vs Burundi
Burundi vs American Samoa
American Samoa vs Cabo Verde
Cabo Verde vs American Samoa
American Samoa vs Cambodia
Cambodia vs American Samoa
American Samoa vs Cameroon
Cameroon vs American Samoa
American Samoa vs Canada
Canada vs American Samoa
American Samoa vs Cayman Islands
Cayman Islands vs American Samoa
American Samoa vs Central African Republic
Central African Republic vs American Samoa
American Samoa vs Chad
Chad vs American Samoa
American Samoa vs Chile
Chile vs American Samoa
American Samoa vs China
China vs American Samoa
American Samoa vs Colombia
Colombia vs American Samoa
American Samoa vs Comoros
Comoros vs American Samoa
American Samoa vs Congo, Dem. Rep.
Congo, Dem. Rep. vs American Samoa
American Samoa vs Congo, Rep.
Congo, Rep. vs American Samoa
American Samoa vs Costa Rica
Costa Rica vs American Samoa
American Samoa vs Cote d'Ivoire
Cote d'Ivoire vs American Samoa
American Samoa vs Croatia
Croatia vs American Samoa
American Samoa vs Cuba
Cuba vs American Samoa
American Samoa vs Curacao
Curacao vs American Samoa
American Samoa vs Cyprus
Cyprus vs American Samoa
American Samoa vs Czechia
Czechia vs American Samoa
American Samoa vs Denmark
Denmark vs American Samoa
American Samoa vs Djibouti
Djibouti vs American Samoa
American Samoa vs Dominica
Dominica vs American Samoa
American Samoa vs Dominican Republic
Dominican Republic vs American Samoa
American Samoa vs Ecuador
Ecuador vs American Samoa
American Samoa vs Egypt
Egypt vs American Samoa
American Samoa vs El Salvador
El Salvador vs American Samoa
American Samoa vs Equatorial Guinea
Equatorial Guinea vs American Samoa
American Samoa vs Eritrea
Eritrea vs American Samoa
American Samoa vs Estonia
Estonia vs American Samoa
American Samoa vs Eswatini
Eswatini vs American Samoa
American Samoa vs Ethiopia
Ethiopia vs American Samoa
American Samoa vs Faroe Islands
Faroe Islands vs American Samoa
American Samoa vs Fiji
Fiji vs American Samoa
American Samoa vs Finland
Finland vs American Samoa
American Samoa vs France
France vs American Samoa
American Samoa vs French Polynesia
French Polynesia vs American Samoa
American Samoa vs Gabon
Gabon vs American Samoa
American Samoa vs Gambia
Gambia vs American Samoa
American Samoa vs Georgia
Georgia vs American Samoa
American Samoa vs Germany
Germany vs American Samoa
American Samoa vs Ghana
Ghana vs American Samoa
American Samoa vs Gibraltar
Gibraltar vs American Samoa
American Samoa vs Greece
Greece vs American Samoa
American Samoa vs Greenland
Greenland vs American Samoa
American Samoa vs Grenada
Grenada vs American Samoa
American Samoa vs Guam
Guam vs American Samoa
American Samoa vs Guatemala
Guatemala vs American Samoa
American Samoa vs Guinea
Guinea vs American Samoa
American Samoa vs Guinea-Bissau
Guinea-Bissau vs American Samoa
American Samoa vs Guyana
Guyana vs American Samoa
American Samoa vs Haiti
Haiti vs American Samoa
American Samoa vs Honduras
Honduras vs American Samoa
American Samoa vs Hong Kong SAR, China
Hong Kong SAR, China vs American Samoa
American Samoa vs Hungary
Hungary vs American Samoa
American Samoa vs Iceland
Iceland vs American Samoa
American Samoa vs India
India vs American Samoa
American Samoa vs Indonesia
Indonesia vs American Samoa
American Samoa vs Iran, Islamic Rep.
Iran, Islamic Rep. vs American Samoa
American Samoa vs Iraq
Iraq vs American Samoa
American Samoa vs Ireland
Ireland vs American Samoa
American Samoa vs Isle of Man
Isle of Man vs American Samoa
American Samoa vs Israel
Israel vs American Samoa
American Samoa vs Italy
Italy vs American Samoa
American Samoa vs Jamaica
Jamaica vs American Samoa
American Samoa vs Japan
Japan vs American Samoa
American Samoa vs Jordan
Jordan vs American Samoa
American Samoa vs Kazakhstan
Kazakhstan vs American Samoa
American Samoa vs Kenya
Kenya vs American Samoa
American Samoa vs Kiribati
Kiribati vs American Samoa
American Samoa vs Korea, Dem. People's Rep.
Korea, Dem. People's Rep. vs American Samoa
American Samoa vs Korea, Rep.
Korea, Rep. vs American Samoa
American Samoa vs Kuwait
Kuwait vs American Samoa
American Samoa vs Kyrgyzstan
Kyrgyzstan vs American Samoa
American Samoa vs Lao PDR
Lao PDR vs American Samoa
American Samoa vs Latvia
Latvia vs American Samoa
American Samoa vs Lebanon
Lebanon vs American Samoa
American Samoa vs Lesotho
Lesotho vs American Samoa
American Samoa vs Liberia
Liberia vs American Samoa
American Samoa vs Libya
Libya vs American Samoa
American Samoa vs Liechtenstein
Liechtenstein vs American Samoa
American Samoa vs Lithuania
Lithuania vs American Samoa
American Samoa vs Luxembourg
Luxembourg vs American Samoa
American Samoa vs Macao SAR, China
Macao SAR, China vs American Samoa
American Samoa vs Madagascar
Madagascar vs American Samoa
American Samoa vs Malawi
Malawi vs American Samoa
American Samoa vs Malaysia
Malaysia vs American Samoa
American Samoa vs Maldives
Maldives vs American Samoa
American Samoa vs Mali
Mali vs American Samoa
American Samoa vs Malta
Malta vs American Samoa
American Samoa vs Marshall Islands
Marshall Islands vs American Samoa
American Samoa vs Mauritania
Mauritania vs American Samoa
American Samoa vs Mauritius
Mauritius vs American Samoa
American Samoa vs Mexico
Mexico vs American Samoa
American Samoa vs Micronesia,Fed.States
Micronesia,Fed.States vs American Samoa
American Samoa vs Moldova, Republic of
Moldova, Republic of vs American Samoa
American Samoa vs Monaco
Monaco vs American Samoa
American Samoa vs Mongolia
Mongolia vs American Samoa
American Samoa vs Montenegro
Montenegro vs American Samoa
American Samoa vs Morocco
Morocco vs American Samoa
American Samoa vs Mozambique
Mozambique vs American Samoa
American Samoa vs Myanmar
Myanmar vs American Samoa
American Samoa vs Namibia
Namibia vs American Samoa
American Samoa vs Nauru
Nauru vs American Samoa
American Samoa vs Nepal
Nepal vs American Samoa
American Samoa vs Netherlands
Netherlands vs American Samoa
American Samoa vs New Caledonia
New Caledonia vs American Samoa
American Samoa vs New Zealand
New Zealand vs American Samoa
American Samoa vs Nicaragua
Nicaragua vs American Samoa
American Samoa vs Niger
Niger vs American Samoa
American Samoa vs Nigeria
Nigeria vs American Samoa
American Samoa vs North Macedonia
North Macedonia vs American Samoa
American Samoa vs Northern Mariana Islands
Northern Mariana Islands vs American Samoa
American Samoa vs Norway
Norway vs American Samoa
American Samoa vs Oman
Oman vs American Samoa
American Samoa vs Pakistan
Pakistan vs American Samoa
American Samoa vs Palau
Palau vs American Samoa
American Samoa vs Panama
Panama vs American Samoa
American Samoa vs Papua New Guinea
Papua New Guinea vs American Samoa
American Samoa vs Paraguay
Paraguay vs American Samoa
American Samoa vs Peru
Peru vs American Samoa
American Samoa vs Philippines
Philippines vs American Samoa
American Samoa vs Poland
Poland vs American Samoa
American Samoa vs Portugal
Portugal vs American Samoa
American Samoa vs Puerto Rico
Puerto Rico vs American Samoa
American Samoa vs Qatar
Qatar vs American Samoa
American Samoa vs Romania
Romania vs American Samoa
American Samoa vs Russian Federation
Russian Federation vs American Samoa
American Samoa vs Rwanda
Rwanda vs American Samoa
American Samoa vs Saint Kitts and Nevis
Saint Kitts and Nevis vs American Samoa
American Samoa vs Saint Lucia
Saint Lucia vs American Samoa
American Samoa vs Samoa
Samoa vs American Samoa
American Samoa vs San Marino
San Marino vs American Samoa
American Samoa vs Sao Tome and Principe
Sao Tome and Principe vs American Samoa
American Samoa vs Saudi Arabia
Saudi Arabia vs American Samoa
American Samoa vs Senegal
Senegal vs American Samoa
American Samoa vs Serbia
Serbia vs American Samoa
American Samoa vs Seychelles
Seychelles vs American Samoa
American Samoa vs Sierra Leone
Sierra Leone vs American Samoa
American Samoa vs Singapore
Singapore vs American Samoa
American Samoa vs Sint Maarten (Dutch part)
Sint Maarten (Dutch part) vs American Samoa
American Samoa vs Slovakia
Slovakia vs American Samoa
American Samoa vs Slovenia
Slovenia vs American Samoa
American Samoa vs Solomon Islands
Solomon Islands vs American Samoa
American Samoa vs Somalia
Somalia vs American Samoa
American Samoa vs South Africa
South Africa vs American Samoa
American Samoa vs South Sudan
South Sudan vs American Samoa
American Samoa vs Spain
Spain vs American Samoa
American Samoa vs Sri Lanka
Sri Lanka vs American Samoa
American Samoa vs St. Martin (French part)
St. Martin (French part) vs American Samoa
American Samoa vs St. Vincent and the Grenadines
St. Vincent and the Grenadines vs American Samoa
American Samoa vs Sudan
Sudan vs American Samoa
American Samoa vs Suriname
Suriname vs American Samoa
American Samoa vs Sweden
Sweden vs American Samoa
American Samoa vs Switzerland
Switzerland vs American Samoa
American Samoa vs Syrian Arab Republic
Syrian Arab Republic vs American Samoa
American Samoa vs Tajikistan
Tajikistan vs American Samoa
American Samoa vs Tanzania
Tanzania vs American Samoa
American Samoa vs Thailand
Thailand vs American Samoa
American Samoa vs Timor-Leste
Timor-Leste vs American Samoa
American Samoa vs Togo
Togo vs American Samoa
American Samoa vs Tonga
Tonga vs American Samoa
American Samoa vs Trinidad and Tobago
Trinidad and Tobago vs American Samoa
American Samoa vs Tunisia
Tunisia vs American Samoa
American Samoa vs Turkey
Turkey vs American Samoa
American Samoa vs Turkmenistan
Turkmenistan vs American Samoa
American Samoa vs Turks and Caicos Islands
Turks and Caicos Islands vs American Samoa
American Samoa vs Tuvalu
Tuvalu vs American Samoa
American Samoa vs Uganda
Uganda vs American Samoa
American Samoa vs Ukraine
Ukraine vs American Samoa
American Samoa vs United Arab Emirates
United Arab Emirates vs American Samoa
American Samoa vs United Kingdom
United Kingdom vs American Samoa
American Samoa vs United States of America
United States of America vs American Samoa
American Samoa vs Uruguay
Uruguay vs American Samoa
American Samoa vs US Virgin Islands
US Virgin Islands vs American Samoa
American Samoa vs Uzbekistan
Uzbekistan vs American Samoa
American Samoa vs Vanuatu
Vanuatu vs American Samoa
American Samoa vs Venezuela
Venezuela vs American Samoa
American Samoa vs Vietnam
Vietnam vs American Samoa
American Samoa vs West Bank and Gaza
West Bank and Gaza vs American Samoa
American Samoa vs Yemen
Yemen vs American Samoa
American Samoa vs Zambia
Zambia vs American Samoa
American Samoa vs Zimbabwe
Zimbabwe vs American Samoa

Uses of PPP Calculators

Cost of Living Comparison

This is how they can impact their cost of living standards by adjusting salaries based on the relative purchasing power of different currencies and locations.

  1. Standardizing Salary Comparisons
  2. Ensuring Fair Compensation
  3. Informing Relocation Decisions
  4. Budgeting and Financial Planning
  5. Negotiating Job Offers

And for companies it gives them a relative index value so they are aware of their costs and the expenses and their product launch price is also affected.

Benefits of Using a PPP Salary Calculator

A PPP (Purchasing Power Parity) salary calculator works by adjusting salaries or wages from one country to another considering the differences in the cost of living.

Let us check the breakdown of this-

  1. Estimated Cost of Living Comparison -
  2. PPP salary calculators help in understanding the difference and comparisons of salaries across different nations in context to your current country’s salary. Thus you can have an informed decision.

  3. Fair Compensation Practices -
  4. It ensures that employers will provide a living standard salary to the employee.

  5. Effective Job Search -
  6. It is an absolutely great tool to search for a job and based on your skills and market rate in your country you can search salary ranges in other countries as well with this tool.

Disadvantages of using PPP Salary Calculator

  1. Accuracy Concerns -
  2. As the data depends on the salary entered and the current market conditions like inflation, disaster or any unexpected incident also sometimes due to use of non-latest index value. The data is fetched from the World Bank so if they have not collected the new data it is not possible to update to the latest year from our side.

  3. Non-monetary benefits are not calculated -
  4. Non monetary benefits such as training opportunities, career development courses or flexible work opportunities differ from person and places.

  5. Risk of Misinterpretation -
  6. Misinterpretation of salary figures without considering crucial factors such as job satisfaction, work life balance or long term career growth.

Frequently Asked Questions

PPP in full form is Purchasing Power Parity is an Index which is prepared by the World Bank so as to check if the same item can be purchased with the same price or not across nations.

GDP measures the total value of goods and services produced within a country, reflecting its economic output using market exchange rates. PPP adjusted exchange rates to compare the purchasing power of different currencies, ensuring that identical goods and services have the same price when checked in a common currency.


Essentially, GDP focuses on the size and growth of an economy, while PPP provides a more accurate comparison of living standards and economic welfare between countries by considering differences in the cost of living and inflation rates such as production of the total number of burgers produced in American Samoa vs price of Burger in American Samoa Vs Mongolia

Per capita Income is the average income earned by the citizens of American Samoa or Mongolia it can be calculated either by Per capita GDP or GDP per capita PPP.

  • GDP per Capita - Total GDP of a country / its population. It indicates the economic output per person in a country.
  • GDP per capita PPP - It is almost similar to GDP per Capita but instead of using nominal GDP it used PPP adjusted GDP. It provides more accurate data for calculating cost of living standards.