Salary Calculator (PPP)

MHL

LKA

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

Marshall Islands

Sri Lanka

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

You require a salary of

Rs 860,684.56
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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 Sri Lanka to live a similar quality of life as you would live with a salary of $10,000 in Marshall Islands

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

Salary (s)- $ 10,000

Index Value of MHL (a)- 0.877771461

Index Value of LKA (b)- 75.54843461

(s) / ((a) * (b)) = Rs860,684.56

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

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 Marshall Islands vs price of Burger in Marshall Islands Vs Sri Lanka

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