Salary Calculator (PPP)

STP

MDV

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

Db

Choose your Country for Currency Conversion as per PPP below

Sao Tome and Principe

Maldives

Dobra (Db) = Rufiyaa (ރ.)

You require a salary of

ރ. 5,232.58
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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 Maldives to live a similar quality of life as you would live with a salary of Db10,000 in Sao Tome and Principe

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 Db 10,000 salary, you want to move abroad to the Maldives, 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 Maldives as you have right now in Sao Tome and Principe. 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 Sao Tome and Principe
  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 Sao Tome and Principe and the salary that should align with the Maldives. 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 Sao Tome and Principe (origin country) whole divided by total multiplication of (source country Sao Tome and Principe index value multiplied by Target country MDV index value provided by World Bank)

Salary (s)- Db 10,000

Index Value of STP (a)- 13.78806233

Index Value of MDV (b)- 7.214719589

(s) / ((a) * (b)) = ރ.0.00

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

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 Sao Tome and Principe vs price of Burger in Sao Tome and Principe Vs Maldives

Per capita Income is the average income earned by the citizens of Sao Tome and Principe or Maldives 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.