Salary Calculator (PPP)

MAC

MKD

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

P

Choose your Country for Currency Conversion as per PPP below

Macao SAR, China

North Macedonia

Pataca (P) = Denar (ден)

You require a salary of

ден 41,709.60
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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 North Macedonia to live a similar quality of life as you would live with a salary of P10,000 in Macao SAR, China

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 P 10,000 salary, you want to move abroad to the North Macedonia, 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 North Macedonia as you have right now in Macao SAR, China. 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 Macao SAR, China
  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 Macao SAR, China and the salary that should align with the North Macedonia. 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 Macao SAR, China (origin country) whole divided by total multiplication of (source country Macao SAR, China index value multiplied by Target country MKD index value provided by World Bank)

Salary (s)- P 10,000

Index Value of MAC (a)- 4.555440611

Index Value of MKD (b)- 19.0005594

(s) / ((a) * (b)) = ден41,709.60

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

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.

  2. Fair Compensation Practices -

    3. It ensures that employers will provide a living standard salary to the employee.

  3. Effective Job Search -

    4. 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.

  2. Non-monetary benefits are not calculated -

    3. Non monetary benefits such as training opportunities, career development courses or flexible work opportunities differ from person and places.

  3. Risk of Misinterpretation -

    4. 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 Macao SAR, China vs price of Burger in Macao SAR, China Vs North Macedonia

Per capita Income is the average income earned by the citizens of Macao SAR, China or North Macedonia 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.