Salary Calculator (PPP)

ZAF

MHL

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

R

Choose your Country for Currency Conversion as per PPP below

South Africa

Marshall Islands

Rand (R) = US Dollar ($)

You require a salary of

$ 1,262.70
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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 Marshall Islands to live a similar quality of life as you would live with a salary of R10,000 in South Africa

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 R 10,000 salary, you want to move abroad to the Marshall Islands, 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 Marshall Islands as you have right now in South Africa. 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 South Africa
  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 South Africa and the salary that should align with the Marshall Islands. 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 South Africa (origin country) whole divided by total multiplication of (source country South Africa index value multiplied by Target country MHL index value provided by World Bank)

Salary (s)- R 10,000

Index Value of ZAF (a)- 6.951546198

Index Value of MHL (b)- 0.877771461

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

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

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 South Africa vs price of Burger in South Africa Vs Marshall Islands

Per capita Income is the average income earned by the citizens of South Africa or Marshall Islands 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.