Salary Calculator (PPP)

PNG

MCO

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

K

Choose your Country for Currency Conversion as per PPP below

Papua New Guinea

Monaco

Kina (K) = Euro (€)

You require a salary of

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 Monaco to live a similar quality of life as you would live with a salary of K10,000 in Papua New Guinea

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 K 10,000 salary, you want to move abroad to the Monaco, 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 Monaco as you have right now in Papua New Guinea. 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 Papua New Guinea
  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 Papua New Guinea and the salary that should align with the Monaco. 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 Papua New Guinea (origin country) whole divided by total multiplication of (source country Papua New Guinea index value multiplied by Target country MCO index value provided by World Bank)

Salary (s)- K 10,000

Index Value of PNG (a)- 2.474219969

Index Value of MCO (b)-

(s) / ((a) * (b)) = €0.00

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

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 Papua New Guinea vs price of Burger in Papua New Guinea Vs Monaco

Per capita Income is the average income earned by the citizens of Papua New Guinea or Monaco 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.