Salary Calculator (PPP)

PAN

LKA

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

B/.

Choose your Country for Currency Conversion as per PPP below

Panama

Sri Lanka

Balboa (B/.) = Sri Lanka Rupee (Rs)

You require a salary of

Rs 1,710,199.64
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 Sri Lanka to live a similar quality of life as you would live with a salary of B/.10,000 in Panama

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 B/. 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 Panama. 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 Panama
  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 Panama 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 Panama (origin country) whole divided by total multiplication of (source country Panama index value multiplied by Target country LKA index value provided by World Bank)

Salary (s)- B/. 10,000

Index Value of PAN (a)- 0.441752136

Index Value of LKA (b)- 75.54843461

(s) / ((a) * (b)) = Rs1,710,199.64

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

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 Panama vs price of Burger in Panama Vs Sri Lanka

Per capita Income is the average income earned by the citizens of Panama 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.