Salary Calculator (PPP)

VNM

LBR

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

Vietnam

Liberia

Dong (₫) = Liberian Dollar (L$)

You require a salary of

L$ 0.60
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 Liberia to live a similar quality of life as you would live with a salary of 10,000 in Vietnam

2021 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 Liberia, 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 Liberia as you have right now in Vietnam. 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 Vietnam
  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 Vietnam and the salary that should align with the Liberia. 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 Vietnam (origin country) whole divided by total multiplication of (source country Vietnam index value multiplied by Target country LBR index value provided by World Bank)

Salary (s)- 10,000

Index Value of VNM (a)- 7197.827905

Index Value of LBR (b)- 0.430228722

(s) / ((a) * (b)) = L$0.00

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

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 Vietnam vs price of Burger in Vietnam Vs Liberia

Per capita Income is the average income earned by the citizens of Vietnam or Liberia 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.