Salary Calculator (PPP)

DMA

GNB

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

Dominica

Guinea-Bissau

East Caribbean Dollar ($) = CFA Franc (BCEAO) (CFA)

You require a salary of

CFA 1,326,239.08
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 Guinea-Bissau to live a similar quality of life as you would live with a salary of $10,000 in Dominica

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

Salary (s)- $ 10,000

Index Value of DMA (a)- 1.665276782

Index Value of GNB (b)- 220.8555152

(s) / ((a) * (b)) = CFA1,326,239.08

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

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 Dominica vs price of Burger in Dominica Vs Guinea-Bissau

Per capita Income is the average income earned by the citizens of Dominica or Guinea-Bissau 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.