Salary Calculator (PPP)

NOR

TCD

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

kr

Choose your Country for Currency Conversion as per PPP below

Norway

Chad

Norwegian Krone (kr) = CFA Franc (BEAC) (CFA)

You require a salary of

CFA 301,689.91
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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 Chad to live a similar quality of life as you would live with a salary of kr10,000 in Norway

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

Salary (s)- kr 10,000

Index Value of NOR (a)- 8.882011

Index Value of TCD (b)- 267.9613116

(s) / ((a) * (b)) = CFA0.00

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

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 Norway vs price of Burger in Norway Vs Chad

Per capita Income is the average income earned by the citizens of Norway or Chad 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.