Salary Calculator (PPP)

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LVA

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

Timor-Leste

Latvia

US Dollar ($) = Euro (€)

You require a salary of

10,123.08
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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 Latvia to live a similar quality of life as you would live with a salary of $10,000 in Timor-Leste

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

Salary (s)- $ 10,000

Index Value of TLS (a)- 0.513012621

Index Value of LVA (b)- 0.519327

(s) / ((a) * (b)) = €0.00

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

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 Timor-Leste vs price of Burger in Timor-Leste Vs Latvia

Per capita Income is the average income earned by the citizens of Timor-Leste or Latvia 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.