Salary Calculator (PPP)

GEO

VGB

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

Georgia

British Virgin Islands

Lari (ლ) = US Dollar ($)

You require a salary of

$ 11,289.58
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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 British Virgin Islands to live a similar quality of life as you would live with a salary of 10,000 in Georgia

2014 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 ლ 10,000 salary, you want to move abroad to the British Virgin Islands, 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 British Virgin Islands as you have right now in Georgia. 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 Georgia
  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 Georgia and the salary that should align with the British Virgin Islands. 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 Georgia (origin country) whole divided by total multiplication of (source country Georgia index value multiplied by Target country VGB index value provided by World Bank)

Salary (s)- 10,000

Index Value of GEO (a)- 0.964973017

Index Value of VGB (b)- 1.089413881

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

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

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 Georgia vs price of Burger in Georgia Vs British Virgin Islands

Per capita Income is the average income earned by the citizens of Georgia or British Virgin Islands 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.