Salary Calculator (PPP)

LCA

LIE

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

Saint Lucia

Liechtenstein

East Caribbean Dollar ($) = Swiss Franc (CHF)

You require a salary of

CHF 0.00
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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 Liechtenstein to live a similar quality of life as you would live with a salary of $10,000 in Saint Lucia

0 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 Liechtenstein, 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 Liechtenstein as you have right now in Saint Lucia. 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 Saint Lucia
  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 Saint Lucia and the salary that should align with the Liechtenstein. 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 Saint Lucia (origin country) whole divided by total multiplication of (source country Saint Lucia index value multiplied by Target country LIE index value provided by World Bank)

Salary (s)- $ 10,000

Index Value of LCA (a)- 1.97264541

Index Value of LIE (b)-

(s) / ((a) * (b)) = CHF0.00

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France vs Saint Lucia
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French Polynesia vs Saint Lucia
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Gabon vs Saint Lucia
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Guyana vs Saint Lucia
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Haiti vs Saint Lucia
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Honduras vs Saint Lucia
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Hong Kong SAR, China vs Saint Lucia
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Hungary vs Saint Lucia
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Iceland vs Saint Lucia
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India vs Saint Lucia
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Indonesia vs Saint Lucia
Saint Lucia vs Iran, Islamic Rep.
Iran, Islamic Rep. vs Saint Lucia
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Iraq vs Saint Lucia
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Ireland vs Saint Lucia
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Israel vs Saint Lucia
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Japan vs Saint Lucia
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Jordan vs Saint Lucia
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Kazakhstan vs Saint Lucia
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Kenya vs Saint Lucia
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Kiribati vs Saint Lucia
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Korea, Dem. People's Rep. vs Saint Lucia
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Korea, Rep. vs Saint Lucia
Saint Lucia vs Kuwait
Kuwait vs Saint Lucia
Saint Lucia vs Kyrgyzstan
Kyrgyzstan vs Saint Lucia
Saint Lucia vs Lao PDR
Lao PDR vs Saint Lucia
Saint Lucia vs Latvia
Latvia vs Saint Lucia
Saint Lucia vs Lebanon
Lebanon vs Saint Lucia
Saint Lucia vs Lesotho
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Saint Lucia vs Liberia
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Libya vs Saint Lucia
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Liechtenstein vs Saint Lucia
Saint Lucia vs Lithuania
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Saint Lucia vs Macao SAR, China
Macao SAR, China vs Saint Lucia
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Saint Lucia vs Malawi
Malawi vs Saint Lucia
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Maldives vs Saint Lucia
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Mali vs Saint Lucia
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Malta vs Saint Lucia
Saint Lucia vs Marshall Islands
Marshall Islands vs Saint Lucia
Saint Lucia vs Mauritania
Mauritania vs Saint Lucia
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Mexico vs Saint Lucia
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Monaco vs Saint Lucia
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Montenegro vs Saint Lucia
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Morocco vs Saint Lucia
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Mozambique vs Saint Lucia
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Myanmar vs Saint Lucia
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Namibia vs Saint Lucia
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Nauru vs Saint Lucia
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Nepal vs Saint Lucia
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Netherlands vs Saint Lucia
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New Caledonia vs Saint Lucia
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Nicaragua vs Saint Lucia
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Niger vs Saint Lucia
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Nigeria vs Saint Lucia
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North Macedonia vs Saint Lucia
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Northern Mariana Islands vs Saint Lucia
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Norway vs Saint Lucia
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Oman vs Saint Lucia
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Pakistan vs Saint Lucia
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Palau vs Saint Lucia
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Panama vs Saint Lucia
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Papua New Guinea vs Saint Lucia
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Paraguay vs Saint Lucia
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Peru vs Saint Lucia
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Philippines vs Saint Lucia
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Poland vs Saint Lucia
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Portugal vs Saint Lucia
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Puerto Rico vs Saint Lucia
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Qatar vs Saint Lucia
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Romania vs Saint Lucia
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Rwanda vs Saint Lucia
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Senegal vs Saint Lucia
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Serbia vs Saint Lucia
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Seychelles vs Saint Lucia
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Singapore vs Saint Lucia
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Sint Maarten (Dutch part) vs Saint Lucia
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Slovakia vs Saint Lucia
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Sudan vs Saint Lucia
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Syrian Arab Republic vs Saint Lucia
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Tajikistan vs Saint Lucia
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Tanzania vs Saint Lucia
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Thailand vs Saint Lucia
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Timor-Leste vs Saint Lucia
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Togo vs Saint Lucia
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Tonga vs Saint Lucia
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Trinidad and Tobago vs Saint Lucia
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Tunisia vs Saint Lucia
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Turkey vs Saint Lucia
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Turkmenistan vs Saint Lucia
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Turks and Caicos Islands vs Saint Lucia
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Tuvalu vs Saint Lucia
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Uganda vs Saint Lucia
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Ukraine vs Saint Lucia
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United Arab Emirates vs Saint Lucia
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United Kingdom vs Saint Lucia
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United States of America vs Saint Lucia
Saint Lucia vs Uruguay
Uruguay vs Saint Lucia
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US Virgin Islands vs Saint Lucia
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Vanuatu vs Saint Lucia
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Venezuela vs Saint Lucia
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Vietnam vs Saint Lucia
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West Bank and Gaza vs Saint Lucia
Saint Lucia vs Yemen
Yemen vs Saint Lucia
Saint Lucia vs Zambia
Zambia vs Saint Lucia
Saint Lucia vs Zimbabwe
Zimbabwe vs Saint Lucia

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 Saint Lucia vs price of Burger in Saint Lucia Vs Liechtenstein

Per capita Income is the average income earned by the citizens of Saint Lucia or Liechtenstein 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.