Salary Calculator (PPP)

TKM

TZA

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

m

Choose your Country for Currency Conversion as per PPP below

Turkmenistan

Tanzania

Turkmenistan New Manat (m) = Tanzanian Shilling (Sh)

You require a salary of

Sh 5,013,144.08
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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 Tanzania to live a similar quality of life as you would live with a salary of m10,000 in Turkmenistan

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

Salary (s)- m 10,000

Index Value of TKM (a)- 1.76758426

Index Value of TZA (b)- 886.1154576

(s) / ((a) * (b)) = Sh0.00

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

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 Turkmenistan vs price of Burger in Turkmenistan Vs Tanzania

Per capita Income is the average income earned by the citizens of Turkmenistan or Tanzania 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.