Salary Calculator (PPP)

HUN

VGB

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

Ft

Choose your Country for Currency Conversion as per PPP below

Hungary

British Virgin Islands

Forint (Ft) = US Dollar ($)

You require a salary of

$ 66.36
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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 Ft10,000 in Hungary

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 Ft 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 Hungary. 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 Hungary
  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 Hungary 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 Hungary (origin country) whole divided by total multiplication of (source country Hungary index value multiplied by Target country VGB index value provided by World Bank)

Salary (s)- Ft 10,000

Index Value of HUN (a)- 164.158043

Index Value of VGB (b)- 1.089413881

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

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

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 Hungary vs price of Burger in Hungary Vs British Virgin Islands

Per capita Income is the average income earned by the citizens of Hungary 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.