Big Mac: Price Index, by country
CountryAverage price,
in USD
SwitzerlandSwitzerland8.17
NorwayNorway7.14
UruguayUruguay7.04
SwedenSweden5.87
Euro areaEuro area5.87
Costa RicaCosta Rica5.71
Great BritainGreat Britain5.71
U.S.United States of America5.69
Sri LankaSri Lanka5.69
DenmarkDenmark5.69
CanadaCanada5.56
MexicoMexico5.19
ArgentinaArgentina5.19
ColombiaColombia5.09
Saudi ArabiaSaudi Arabia5.07
AustraliaAustralia5.07
New ZealandNew Zealand5.01
PolandPoland4.97
SingaporeSingapore4.96
UAEUnited Arab Emirates4.90
BrazilBrazil4.81
Czech RepublicCzech Republic4.61
KuwaitKuwait4.55
IsraelIsrael4.52
BahrainBahrain4.51
ChileChile4.46
NicaraguaNicaragua4.34
PeruPeru4.25
HondurasHonduras4.13
South KoreaSouth Korea4.11
HungaryHungary3.98
TurkeyTurkey3.97
QatarQatar3.85
PakistanPakistan3.81
ThailandThailand3.78
GuatemalaGuatemala3.71
OmanOman3.69
MoldovaMoldova3.56
JordanJordan3.53
AzerbaijanAzerbaijan3.49
ChinaChina3.47
RomaniaRomania3.42
JapanJapan3.04
VietnamVietnam3.01
UkraineUkraine2.94
Hong KongHong Kong2.94
PhilippinesPhilippines2.86
MalaysiaMalaysia2.78
EgyptEgypt2.75
South AfricaSouth Africa2.71
IndiaIndia2.59
IndonesiaIndonesia2.43
TaiwanTaiwan2.39
  • Region: Worldwide
  • Time period: 2024
  • Published: Jan 2024

Data Analysis and Insights

Updated: Mar 27, 2024 | Published by: Statistico | About Us | Data sources

Highest Big Mac Price

Switzerland leads with an average price of $8.17, making it the most expensive country for purchasing a Big Mac according to the provided data.

Top 5 Countries by Price

Following Switzerland, Norway ranks second at $7.14, Uruguay third at $7.04, with Sweden and the Euro area tied for fourth place at $5.87 each, showcasing a significant price disparity among countries.

United States' Position

The United States is positioned ninth, with an average Big Mac price of $5.69, indicating a mid-range pricing compared to other countries in the dataset.

Lowest Big Mac Price

Taiwan offers the lowest price for a Big Mac at $2.39, highlighting the wide price range across different countries.

Price Range Analysis

The price range between the most expensive (Switzerland) and the least expensive (Taiwan) is $5.78, illustrating the significant global price variation for the same product.

Comparison of High vs. Low Pricing Regions

European countries and Uruguay appear frequently in the top pricing tier, whereas Asian countries like Taiwan, Vietnam, and India populate the lower end of the pricing spectrum, reflecting regional economic differences.

Average Price in Developed vs. Developing Countries

Developed countries generally exhibit higher Big Mac prices, with Norway, Sweden, and the United States showcasing prices above $5.69, compared to developing countries like India and Indonesia with prices below $2.59.

Latin American Price Variation

Latin American countries show a notable price variation, with Uruguay at $7.04 being the most expensive in the region, and Nicaragua among the lower-priced countries at $4.34.

Middle Eastern Countries' Pricing

In the Middle East, prices vary from $5.07 in Saudi Arabia to $3.49 in Azerbaijan, indicating a diverse economic landscape even within the same geographic region.

Asia's Price Range

Asian countries exhibit a broad price spectrum, from Taiwan's lowest at $2.39 to South Korea's $4.11, underscoring the economic disparities within Asia.

Frequently Asked Questions

Which country has the highest Big Mac price?

The highest Big Mac price is in Switzerland, at an average of $8.17.

Where does the United States rank in terms of Big Mac price?

The United States ranks ninth, with an average Big Mac price of $5.69.

Which country has the lowest Big Mac price?

The lowest Big Mac price is found in Taiwan, at $2.39.

Terms and Definitions

The Big Mac is a signature fast-food hamburger sold by the international fast-food restaurant chain McDonald's. It is composed of two beef patties, special sauce, lettuce, cheese, pickles, and onions, served in a three-part sesame seed bun.

A price index is a normalized average of price relatives for a given class of goods or services in a given region, during a given interval of time. It is a statistical tool that measures the relative change in the price of specific goods or services over a specific time period.

The term "by country" in the context of a price index refers to the comparison or differentiation of the index based on each individual country. This allows for a global perspective of price differences and economic conditions.

The Big Mac index is a measure of purchasing power parity (PPP) among countries, developed by The Economist magazine in 1986. By comparing the cost of Big Macs, an identical item sold in about 120 countries, it offers a simple, real-world measurement of whether a currency is under or overvalued.

Purchasing Power Parity (PPP) is an economic theory that compares different countries' currencies through a "basket of goods" approach. According to PPP, any currency's exchange rate should equal the price of the basket of goods at home versus the price of the basket of goods in a foreign country.
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