Salary Calculator (PPP)

CRI

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

Costa Rica

New Caledonia

Costa Rican Colón (₡) = 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 Costa Rica

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 Costa Rica. 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 Costa Rica
  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 Costa Rica 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 Costa Rica (origin country) whole divided by total multiplication of (source country Costa Rica index value multiplied by Target country NCL index value provided by World Bank)

Salary (s)- 10,000

Index Value of CRI (a)- 342.717452

Index Value of NCL (b)-

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

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

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 Costa Rica vs price of Burger in Costa Rica Vs New Caledonia

Per capita Income is the average income earned by the citizens of Costa Rica 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.