Salary Calculator (PPP)

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MDG

Convert your salary from one currency to another using PPP Calculator

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Enter Your Salary

$

Choose your Country for Currency Conversion as per PPP below

El Salvador

Madagascar

US Dollar ($) = Malagasy Ariary (Ar)

You require a salary of

Ar 25,817,557.75
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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 Madagascar to live a similar quality of life as you would live with a salary of $10,000 in El Salvador

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

Salary (s)- $ 10,000

Index Value of SLV (a)- 0.462000019

Index Value of MDG (b)- 1192.771217

(s) / ((a) * (b)) = Ar25,817,557.75

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

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 El Salvador vs price of Burger in El Salvador Vs Madagascar

Per capita Income is the average income earned by the citizens of El Salvador or Madagascar 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.