Salary Calculator (PPP)

CUB

LSO

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

Cuba

Lesotho

Cuban Peso ($) = Loti (L)

You require a salary of

L 0.00
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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 Lesotho to live a similar quality of life as you would live with a salary of $10,000 in Cuba

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

Salary (s)- $ 10,000

Index Value of CUB (a)-

Index Value of LSO (b)- 5.995872522

(s) / ((a) * (b)) = L0.00

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Cuba vs Congo, Dem. Rep.
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Cuba vs Costa Rica
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Cuba vs Croatia
Croatia vs Cuba
Cuba vs Curacao
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Cuba vs Cyprus
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Cuba vs Czechia
Czechia vs Cuba
Cuba vs Denmark
Denmark vs Cuba
Cuba vs Djibouti
Djibouti vs Cuba
Cuba vs Dominica
Dominica vs Cuba
Cuba vs Dominican Republic
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Cuba vs Ecuador
Ecuador vs Cuba
Cuba vs Egypt
Egypt vs Cuba
Cuba vs El Salvador
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Cuba vs Equatorial Guinea
Equatorial Guinea vs Cuba
Cuba vs Eritrea
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Cuba vs Estonia
Estonia vs Cuba
Cuba vs Eswatini
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Cuba vs Ethiopia
Ethiopia vs Cuba
Cuba vs Faroe Islands
Faroe Islands vs Cuba
Cuba vs Fiji
Fiji vs Cuba
Cuba vs Finland
Finland vs Cuba
Cuba vs France
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Cuba vs French Polynesia
French Polynesia vs Cuba
Cuba vs Gabon
Gabon vs Cuba
Cuba vs Gambia
Gambia vs Cuba
Cuba vs Georgia
Georgia vs Cuba
Cuba vs Germany
Germany vs Cuba
Cuba vs Ghana
Ghana vs Cuba
Cuba vs Gibraltar
Gibraltar vs Cuba
Cuba vs Greece
Greece vs Cuba
Cuba vs Greenland
Greenland vs Cuba
Cuba vs Grenada
Grenada vs Cuba
Cuba vs Guam
Guam vs Cuba
Cuba vs Guatemala
Guatemala vs Cuba
Cuba vs Guinea
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Cuba vs Haiti
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Cuba vs Honduras
Honduras vs Cuba
Cuba vs Hong Kong SAR, China
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Hungary vs Cuba
Cuba vs Iceland
Iceland vs Cuba
Cuba vs India
India vs Cuba
Cuba vs Indonesia
Indonesia vs Cuba
Cuba vs Iran, Islamic Rep.
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Cuba vs Iraq
Iraq vs Cuba
Cuba vs Ireland
Ireland vs Cuba
Cuba vs Isle of Man
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Cuba vs Israel
Israel vs Cuba
Cuba vs Italy
Italy vs Cuba
Cuba vs Jamaica
Jamaica vs Cuba
Cuba vs Japan
Japan vs Cuba
Cuba vs Jordan
Jordan vs Cuba
Cuba vs Kazakhstan
Kazakhstan vs Cuba
Cuba vs Kenya
Kenya vs Cuba
Cuba vs Kiribati
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Cuba vs Lao PDR
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Cuba vs Latvia
Latvia vs Cuba
Cuba vs Lebanon
Lebanon vs Cuba
Cuba vs Lesotho
Lesotho vs Cuba
Cuba vs Liberia
Liberia vs Cuba
Cuba vs Libya
Libya vs Cuba
Cuba vs Liechtenstein
Liechtenstein vs Cuba
Cuba vs Lithuania
Lithuania vs Cuba
Cuba vs Luxembourg
Luxembourg vs Cuba
Cuba vs Macao SAR, China
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Cuba vs Madagascar
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Cuba vs Malawi
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Cuba vs Mozambique
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Nigeria vs Cuba
Cuba vs North Macedonia
North Macedonia vs Cuba
Cuba vs Northern Mariana Islands
Northern Mariana Islands vs Cuba
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Norway vs Cuba
Cuba vs Oman
Oman vs Cuba
Cuba vs Pakistan
Pakistan vs Cuba
Cuba vs Palau
Palau vs Cuba
Cuba vs Panama
Panama vs Cuba
Cuba vs Papua New Guinea
Papua New Guinea vs Cuba
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Paraguay vs Cuba
Cuba vs Peru
Peru vs Cuba
Cuba vs Philippines
Philippines vs Cuba
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Poland vs Cuba
Cuba vs Portugal
Portugal vs Cuba
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Puerto Rico vs Cuba
Cuba vs Qatar
Qatar vs Cuba
Cuba vs Romania
Romania vs Cuba
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Saint Kitts and Nevis vs Cuba
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Sao Tome and Principe vs Cuba
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Saudi Arabia vs Cuba
Cuba vs Senegal
Senegal vs Cuba
Cuba vs Serbia
Serbia vs Cuba
Cuba vs Seychelles
Seychelles vs Cuba
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Sint Maarten (Dutch part) vs Cuba
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Slovakia vs Cuba
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South Africa vs Cuba
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South Sudan vs Cuba
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Spain vs Cuba
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Sri Lanka vs Cuba
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St. Martin (French part) vs Cuba
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St. Vincent and the Grenadines vs Cuba
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Sudan vs Cuba
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Suriname vs Cuba
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Sweden vs Cuba
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Switzerland vs Cuba
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Syrian Arab Republic vs Cuba
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Tajikistan vs Cuba
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Tanzania vs Cuba
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Thailand vs Cuba
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Timor-Leste vs Cuba
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Togo vs Cuba
Cuba vs Tonga
Tonga vs Cuba
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Trinidad and Tobago vs Cuba
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Tunisia vs Cuba
Cuba vs Turkey
Turkey vs Cuba
Cuba vs Turkmenistan
Turkmenistan vs Cuba
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Turks and Caicos Islands vs Cuba
Cuba vs Tuvalu
Tuvalu vs Cuba
Cuba vs Uganda
Uganda vs Cuba
Cuba vs Ukraine
Ukraine vs Cuba
Cuba vs United Arab Emirates
United Arab Emirates vs Cuba
Cuba vs United Kingdom
United Kingdom vs Cuba
Cuba vs United States of America
United States of America vs Cuba
Cuba vs Uruguay
Uruguay vs Cuba
Cuba vs US Virgin Islands
US Virgin Islands vs Cuba
Cuba vs Uzbekistan
Uzbekistan vs Cuba
Cuba vs Vanuatu
Vanuatu vs Cuba
Cuba vs Venezuela
Venezuela vs Cuba
Cuba vs Vietnam
Vietnam vs Cuba
Cuba vs West Bank and Gaza
West Bank and Gaza vs Cuba
Cuba vs Yemen
Yemen vs Cuba
Cuba vs Zambia
Zambia vs Cuba
Cuba vs Zimbabwe
Zimbabwe vs Cuba

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 Cuba vs price of Burger in Cuba Vs Lesotho

Per capita Income is the average income earned by the citizens of Cuba or Lesotho 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.