Salary Calculator (PPP)

VEN

TKM

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

Bs.

Choose your Country for Currency Conversion as per PPP below

Venezuela

Turkmenistan

Bolívar (Bs.) = Turkmenistan New Manat (m)

You require a salary of

m 0.00
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 Turkmenistan to live a similar quality of life as you would live with a salary of Bs.10,000 in Venezuela

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

Salary (s)- Bs. 10,000

Index Value of VEN (a)-

Index Value of TKM (b)- 1.76758426

(s) / ((a) * (b)) = m0.00

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

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 Venezuela vs price of Burger in Venezuela Vs Turkmenistan

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