Salary Calculator (PPP)

SVK

SUR

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

Slovakia

Suriname

Euro (€) = Suriname Dollar ($)

You require a salary of

$ 151,140.74
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 Suriname to live a similar quality of life as you would live with a salary of 10,000 in Slovakia

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

Salary (s)- 10,000

Index Value of SVK (a)- 0.538908

Index Value of SUR (b)- 8.14509548

(s) / ((a) * (b)) = $151,140.74

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

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 Slovakia vs price of Burger in Slovakia Vs Suriname

Per capita Income is the average income earned by the citizens of Slovakia or Suriname 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.