Salary Calculator (PPP)

GTM

BRB

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

Q

Choose your Country for Currency Conversion as per PPP below

Guatemala

Barbados

Quetzal (Q) = Barbados Dollar ($)

You require a salary of

$ 5,672.23
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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 Barbados to live a similar quality of life as you would live with a salary of Q10,000 in Guatemala

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

Salary (s)- Q 10,000

Index Value of GTM (a)- 3.918750116

Index Value of BRB (b)- 2.222804501

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

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

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 Guatemala vs price of Burger in Guatemala Vs Barbados

Per capita Income is the average income earned by the citizens of Guatemala or Barbados 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.