Salary Calculator (PPP)

BRB

NCL

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

Barbados

New Caledonia

Barbados Dollar ($) = CFP Franc (Fr)

You require a salary of

Fr 0.00
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 New Caledonia to live a similar quality of life as you would live with a salary of $10,000 in Barbados

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

Salary (s)- $ 10,000

Index Value of BRB (a)- 2.222804501

Index Value of NCL (b)-

(s) / ((a) * (b)) = Fr0.00

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

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 Barbados vs price of Burger in Barbados Vs New Caledonia

Per capita Income is the average income earned by the citizens of Barbados or New Caledonia 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.