Salary Calculator (PPP)

AUS

IND

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

Australia

India

Australian Dollar ($) = Indian Rupee (₹)

You require a salary of

161,225.78
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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 India to live a similar quality of life as you would live with a salary of $10,000 in Australia

2022 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 India, 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 India as you have right now in Australia. 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 Australia
  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 Australia and the salary that should align with the India. 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 Australia (origin country) whole divided by total multiplication of (source country Australia index value multiplied by Target country IND index value provided by World Bank)

Salary (s)- $ 10,000

Index Value of AUS (a)- 1.41926

Index Value of IND (b)- 22.88213035

(s) / ((a) * (b)) = ₹161,225.78

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

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 Australia vs price of Burger in Australia Vs India

Per capita Income is the average income earned by the citizens of Australia or India 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.