A tool to compare the cost of living between countries using Purchasing Power Parity Calculator. Compare PPP of Two Countries.
The Purchasing Power Parity (PPP) calculator is a tool that allows users to compare the cost of living between two countries.
It does this by calculating the relative value of different currencies based on the cost of a basket of goods and services in each currency.
PPP is often used to adjust for differences in inflation rates between countries, and can be useful for individuals or organizations looking to compare the cost of living in different locations.
Formula Of PPP Calculator
To use the calculator, the user simply enters the currencies and costs of a specific good (in this case, good X) in two different countries, and the calculator calculates the PPP between those two currencies based on the formula: PPP = Cost of good X in currency 1 / Cost of good X in currency 2.
The result of the PPP calculation can be used to compare the cost of living in the two countries.