Salary Calculator (PPP)

EST

SLV

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

Estonia

El Salvador

Euro (€) = US Dollar ($)

You require a salary of

$ 8,018.55
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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 El Salvador to live a similar quality of life as you would live with a salary of 10,000 in Estonia

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

Salary (s)- 10,000

Index Value of EST (a)- 0.576164

Index Value of SLV (b)- 0.462000019

(s) / ((a) * (b)) = $0.00

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

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 Estonia vs price of Burger in Estonia Vs El Salvador

Per capita Income is the average income earned by the citizens of Estonia or El Salvador 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.