Salary Calculator (PPP)

CHN

TCD

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

China

Chad

Yuan Renminbi (¥) = CFA Franc (BEAC) (CFA)

You require a salary of

CFA 671,717.93
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 Chad to live a similar quality of life as you would live with a salary of ¥10,000 in China

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

Salary (s)- ¥ 10,000

Index Value of CHN (a)- 3.989193952

Index Value of TCD (b)- 267.9613116

(s) / ((a) * (b)) = CFA0.00

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

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 China vs price of Burger in China Vs Chad

Per capita Income is the average income earned by the citizens of China or Chad 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.