Salary Calculator (PPP)

GBR

IND

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

India

Pound Sterling (£) = Indian Rupee (₹)

You require a salary of

335,879.55
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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 India 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 India, 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 India 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 India. 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 IND index value provided by World Bank)

Salary (s)- £ 10,000

Index Value of GBR (a)- 0.68126

Index Value of IND (b)- 22.88213035

(s) / ((a) * (b)) = ₹335,879.55

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United Kingdom vs Croatia
Croatia vs United Kingdom
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Cuba vs United Kingdom
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United Kingdom vs Czechia
Czechia vs United Kingdom
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Denmark vs United Kingdom
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Dominica vs United Kingdom
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Germany vs United Kingdom
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Ghana vs United Kingdom
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Greenland vs United Kingdom
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Guyana vs United Kingdom
United Kingdom vs Haiti
Haiti vs United Kingdom
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Honduras vs United Kingdom
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Hungary vs United Kingdom
United Kingdom vs Iceland
Iceland vs United Kingdom
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India vs United Kingdom
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Indonesia vs United Kingdom
United Kingdom vs Iran, Islamic Rep.
Iran, Islamic Rep. vs United Kingdom
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Iraq vs United Kingdom
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Ireland vs United Kingdom
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Kenya vs United Kingdom
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Marshall Islands vs United Kingdom
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Montenegro vs United Kingdom
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Morocco vs United Kingdom
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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
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Nepal vs United Kingdom
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New Caledonia vs United Kingdom
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New Zealand vs United Kingdom
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Nicaragua vs United Kingdom
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Niger 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
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Pakistan vs United Kingdom
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Palau vs United Kingdom
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Panama vs United Kingdom
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Papua New Guinea vs United Kingdom
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Paraguay vs United Kingdom
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Peru vs United Kingdom
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Philippines vs United Kingdom
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Poland vs United Kingdom
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Portugal vs United Kingdom
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Puerto Rico vs United Kingdom
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Qatar vs United Kingdom
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Romania vs United Kingdom
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Russian Federation vs United Kingdom
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Rwanda vs United Kingdom
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Saint Kitts and Nevis vs United Kingdom
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Saint Lucia vs United Kingdom
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Senegal vs United Kingdom
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Serbia vs United Kingdom
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Sierra Leone vs United Kingdom
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Singapore vs United Kingdom
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Sint Maarten (Dutch part) vs United Kingdom
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Slovakia vs United Kingdom
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Slovenia vs United Kingdom
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Solomon Islands vs United Kingdom
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Somalia vs United Kingdom
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South Africa vs United Kingdom
United Kingdom vs South Sudan
South Sudan vs United Kingdom
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Spain vs United Kingdom
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Sri Lanka vs United Kingdom
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St. Martin (French part) vs United Kingdom
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St. Vincent and the Grenadines vs United Kingdom
United Kingdom vs Sudan
Sudan vs United Kingdom
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Suriname vs United Kingdom
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Sweden vs United Kingdom
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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
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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
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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 India

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