Salary Calculator (PPP)

BIH

BRB

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

KM

Choose your Country for Currency Conversion as per PPP below

Bosnia and Herzegovina

Barbados

Convertible Mark (KM) = Barbados Dollar ($)

You require a salary of

$ 31,575.43
info icon

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 Barbados to live a similar quality of life as you would live with a salary of KM10,000 in Bosnia and Herzegovina

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 KM 10,000 salary, you want to move abroad to the Barbados, 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 Barbados as you have right now in Bosnia and Herzegovina. 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 Bosnia and Herzegovina
  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 Bosnia and Herzegovina and the salary that should align with the Barbados. 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 Bosnia and Herzegovina (origin country) whole divided by total multiplication of (source country Bosnia and Herzegovina index value multiplied by Target country BRB index value provided by World Bank)

Salary (s)- KM 10,000

Index Value of BIH (a)- 0.70396654

Index Value of BRB (b)- 2.222804501

(s) / ((a) * (b)) = $0.00

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

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 Bosnia and Herzegovina vs price of Burger in Bosnia and Herzegovina Vs Barbados

Per capita Income is the average income earned by the citizens of Bosnia and Herzegovina or Barbados 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.