Salary Calculator (PPP)

FRA

MLT

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

France

Malta

Euro (€) = Euro (€)

You require a salary of

8,275.47
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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 Malta to live a similar quality of life as you would live with a salary of 10,000 in France

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

Salary (s)- 10,000

Index Value of FRA (a)- 0.700999

Index Value of MLT (b)- 0.580109408

(s) / ((a) * (b)) = €8,275.47

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

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 France vs price of Burger in France Vs Malta

Per capita Income is the average income earned by the citizens of France or Malta 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.