Salary Calculator (PPP)

LAO

VGB

Convert your salary from one currency to another using PPP Calculator

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Enter Your Salary

Choose your Country for Currency Conversion as per PPP below

Lao PDR

British Virgin Islands

Kip (₭) = US Dollar ($)

You require a salary of

$ 3.55
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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 British Virgin Islands to live a similar quality of life as you would live with a salary of 10,000 in Lao PDR

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

Salary (s)- 10,000

Index Value of LAO (a)- 3071.615179

Index Value of VGB (b)- 1.089413881

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

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

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 Lao PDR vs price of Burger in Lao PDR Vs British Virgin Islands

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