Salary Calculator (PPP)

ITA

GBR

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

Italy

United Kingdom

Euro (€) = Pound Sterling (£)

You require a salary of

£ 10,892.89
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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 United Kingdom to live a similar quality of life as you would live with a salary of 10,000 in Italy

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

Salary (s)- 10,000

Index Value of ITA (a)- 0.625417

Index Value of GBR (b)- 0.68126

(s) / ((a) * (b)) = £10,892.89

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

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 Italy vs price of Burger in Italy Vs United Kingdom

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