Salary Calculator (PPP)

PER

ESP

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

S/

Choose your Country for Currency Conversion as per PPP below

Peru

Spain

Sol (S/) = Euro (€)

You require a salary of

3,350.00
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 Spain to live a similar quality of life as you would live with a salary of S/10,000 in Peru

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

Salary (s)- S/ 10,000

Index Value of PER (a)- 1.815568306

Index Value of ESP (b)- 0.608216

(s) / ((a) * (b)) = €3,350.00

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

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 Peru vs price of Burger in Peru Vs Spain

Per capita Income is the average income earned by the citizens of Peru or Spain 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.