Salary Calculator (PPP)

TTO

SVK

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

Trinidad and Tobago

Slovakia

Trinidad and Tobago Dollar ($) = Euro (€)

You require a salary of

1,118.45
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 Slovakia to live a similar quality of life as you would live with a salary of $10,000 in Trinidad and Tobago

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

Salary (s)- $ 10,000

Index Value of TTO (a)- 4.818347642

Index Value of SVK (b)- 0.538908

(s) / ((a) * (b)) = €0.00

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

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 Trinidad and Tobago vs price of Burger in Trinidad and Tobago Vs Slovakia

Per capita Income is the average income earned by the citizens of Trinidad and Tobago or Slovakia 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.