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Old 11-03-2012, 06:30 AM
 
Location: American Expat
2,189 posts, read 4,715,756 times
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How do I find out how expensive the local prices are, let's say for Vietnam? Like, let's say a meal costs 1 Dollar (converted). That would be very cheap in the U.S., but maybe not so much in Vietnam. 1 Dollar there might be 10 Dollars in the U.S. So I want to know by how much I have to multiply local prices to get a rough estimate.

Poverty in Vietnam - Wikipedia, the free encyclopedia

This says "per capita income of US $1,130". This is ,however, equal to the GDP per capita (nominal) of Vietnam. But I don't want to use the GDP as this is only " is the market value of all officially recognized final goods and services produced within a country in a given period of time".

Gross domestic product - Wikipedia, the free encyclopedia

Maybe the average income happens to be the same, though. I don't know. I think the average income in the U.S. is like 33,000 Dollars? So a 1 Dollar meal in Vietnam would be equal to a 33 Dollar meal in the U.S. - roughly.

I'm not quite sure how I can do this. Maybe somebody can help me here.
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