Salary Calculator (PPP)

LKA

JAM

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

Rs

Choose your Country for Currency Conversion as per PPP below

Sri Lanka

Jamaica

Sri Lanka Rupee (Rs) = Jamaican Dollar ($)

You require a salary of

$ 10,286.48
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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 Jamaica to live a similar quality of life as you would live with a salary of Rs10,000 in Sri Lanka

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

Salary (s)- Rs 10,000

Index Value of LKA (a)- 75.54843461

Index Value of JAM (b)- 77.71277886

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

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

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 Sri Lanka vs price of Burger in Sri Lanka Vs Jamaica

Per capita Income is the average income earned by the citizens of Sri Lanka or Jamaica 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.