Salary Calculator (PPP)

MNP

VEN

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

Northern Mariana Islands

Venezuela

US Dollar ($) = Bolívar (Bs.)

You require a salary of

Bs. 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 Venezuela to live a similar quality of life as you would live with a salary of $10,000 in Northern Mariana Islands

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 Venezuela, 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 Venezuela as you have right now in Northern Mariana 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 Northern Mariana 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 Northern Mariana Islands and the salary that should align with the Venezuela. 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 Northern Mariana Islands (origin country) whole divided by total multiplication of (source country Northern Mariana Islands index value multiplied by Target country VEN index value provided by World Bank)

Salary (s)- $ 10,000

Index Value of MNP (a)-

Index Value of VEN (b)-

(s) / ((a) * (b)) = Bs.0.00

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

Per capita Income is the average income earned by the citizens of Northern Mariana Islands or Venezuela 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.