Salary Calculator (PPP)

PRT

LCA

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

Portugal

Saint Lucia

Euro (€) = East Caribbean Dollar ($)

You require a salary of

$ 35,472.22
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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 Saint Lucia to live a similar quality of life as you would live with a salary of 10,000 in Portugal

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

Salary (s)- 10,000

Index Value of PRT (a)- 0.55611

Index Value of LCA (b)- 1.97264541

(s) / ((a) * (b)) = $35,472.22

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

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 Portugal vs price of Burger in Portugal Vs Saint Lucia

Per capita Income is the average income earned by the citizens of Portugal or Saint Lucia 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.