Salary Calculator (PPP)

MMR

KNA

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

Ks

Choose your Country for Currency Conversion as per PPP below

Myanmar

Saint Kitts and Nevis

Kyat (Ks) = East Caribbean Dollar ($)

You require a salary of

$ 34.93
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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 Saint Kitts and Nevis to live a similar quality of life as you would live with a salary of Ks10,000 in Myanmar

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 Ks 10,000 salary, you want to move abroad to the Saint Kitts and Nevis, 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 Saint Kitts and Nevis as you have right now in Myanmar. 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 Myanmar
  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 Myanmar and the salary that should align with the Saint Kitts and Nevis. 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 Myanmar (origin country) whole divided by total multiplication of (source country Myanmar index value multiplied by Target country KNA index value provided by World Bank)

Salary (s)- Ks 10,000

Index Value of MMR (a)- 460.8625527

Index Value of KNA (b)- 1.609922297

(s) / ((a) * (b)) = $34.93

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

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 Myanmar vs price of Burger in Myanmar Vs Saint Kitts and Nevis

Per capita Income is the average income earned by the citizens of Myanmar or Saint Kitts and Nevis 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.