Salary Calculator (PPP)

GBR

CPV

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

United Kingdom

Cabo Verde

Pound Sterling (£) = Cabo Verde Escudo (Esc)

You require a salary of

Esc 667,235.07
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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 Cabo Verde to live a similar quality of life as you would live with a salary of £10,000 in United Kingdom

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

Salary (s)- £ 10,000

Index Value of GBR (a)- 0.68126

Index Value of CPV (b)- 45.45605605

(s) / ((a) * (b)) = Esc0.00

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

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 United Kingdom vs price of Burger in United Kingdom Vs Cabo Verde

Per capita Income is the average income earned by the citizens of United Kingdom or Cabo Verde 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.