Salary Calculator (PPP)

GAB

ISL

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

CFA

Choose your Country for Currency Conversion as per PPP below

Gabon

Iceland

CFA Franc (BEAC) (CFA) = Iceland Króna (kr)

You require a salary of

kr 4,272.44
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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 Iceland to live a similar quality of life as you would live with a salary of CFA10,000 in Gabon

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 CFA 10,000 salary, you want to move abroad to the Iceland, 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 Iceland as you have right now in Gabon. 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 Gabon
  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 Gabon and the salary that should align with the Iceland. 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 Gabon (origin country) whole divided by total multiplication of (source country Gabon index value multiplied by Target country ISL index value provided by World Bank)

Salary (s)- CFA 10,000

Index Value of GAB (a)- 334.1503673

Index Value of ISL (b)- 142.763866

(s) / ((a) * (b)) = kr4,272.44

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

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 Gabon vs price of Burger in Gabon Vs Iceland

Per capita Income is the average income earned by the citizens of Gabon or Iceland 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.