Salary Calculator (PPP)

BRA

MDV

Convert your salary from one currency to another using PPP Calculator

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Enter Your Salary

R$

Choose your Country for Currency Conversion as per PPP below

Brazil

Maldives

Brazilian Real (R$) = Rufiyaa (ރ.)

You require a salary of

ރ. 27,930.45
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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 Maldives to live a similar quality of life as you would live with a salary of R$10,000 in Brazil

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 R$ 10,000 salary, you want to move abroad to the Maldives, 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 Maldives as you have right now in Brazil. 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 Brazil
  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 Brazil and the salary that should align with the Maldives. 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 Brazil (origin country) whole divided by total multiplication of (source country Brazil index value multiplied by Target country MDV index value provided by World Bank)

Salary (s)- R$ 10,000

Index Value of BRA (a)- 2.583101465

Index Value of MDV (b)- 7.214719589

(s) / ((a) * (b)) = ރ.27,930.45

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

Per capita Income is the average income earned by the citizens of Brazil or Maldives 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.