Salary Calculator (PPP)

TGO

GBR

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

Fr

Choose your Country for Currency Conversion as per PPP below

Togo

United Kingdom

CFA Franc (BCEAO) (Fr) = Pound Sterling (£)

You require a salary of

£ 30.14
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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 United Kingdom to live a similar quality of life as you would live with a salary of Fr10,000 in Togo

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 Fr 10,000 salary, you want to move abroad to the United Kingdom, 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 United Kingdom as you have right now in Togo. 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 Togo
  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 Togo and the salary that should align with the United Kingdom. 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 Togo (origin country) whole divided by total multiplication of (source country Togo index value multiplied by Target country GBR index value provided by World Bank)

Salary (s)- Fr 10,000

Index Value of TGO (a)- 225.9967401

Index Value of GBR (b)- 0.68126

(s) / ((a) * (b)) = £30.14

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

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 Togo vs price of Burger in Togo Vs United Kingdom

Per capita Income is the average income earned by the citizens of Togo or United Kingdom 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.