Salary Calculator (PPP)

LBN

TKM

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

ل.ل

Choose your Country for Currency Conversion as per PPP below

Lebanon

Turkmenistan

Lebanese Pound (ل.ل) = Turkmenistan New Manat (m)

You require a salary of

m 2.63
info icon

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 Turkmenistan to live a similar quality of life as you would live with a salary of ل.ل10,000 in Lebanon

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

Salary (s)- ل.ل 10,000

Index Value of LBN (a)- 6724.340123

Index Value of TKM (b)- 1.76758426

(s) / ((a) * (b)) = m2.63

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

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 Lebanon vs price of Burger in Lebanon Vs Turkmenistan

Per capita Income is the average income earned by the citizens of Lebanon or Turkmenistan 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.