Salary Calculator (PPP)

PAK

MNG

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

Choose your Country for Currency Conversion as per PPP below

Pakistan

Mongolia

Pakistan Rupee (₨) = Tugrik (₮)

You require a salary of

249,806.12
info icon

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 Mongolia to live a similar quality of life as you would live with a salary of 10,000 in Pakistan

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

Salary (s)- 10,000

Index Value of PAK (a)- 44.48319643

Index Value of MNG (b)- 1111.217462

(s) / ((a) * (b)) = ₮0.00

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

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 Pakistan vs price of Burger in Pakistan Vs Mongolia

Per capita Income is the average income earned by the citizens of Pakistan or Mongolia 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.