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At 8.07 U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the July 2024 Big Mac index. Concurrently, the cost of a Big Mac was 5.69 dollars in the U.S.,...
In this graphic, we visualize the price of a McDonald’s Big Mac in U.S. dollars between 13 different countries around the world, the eurozone, and the United States, using the latest January 2024 data from The Economist’s Big Mac Index dataset.
In July 2022 we updated the Big Mac index to use a McDonalds-provided price for the United States. We also changed our methodology for how we calculate the GDP-adjusted index, the full history...
This index compares the price of Big Macs in various countries to the price in the United States, offering insights into economic conditions. In the United States, the average cost of a Big Mac is around $5.15, though prices vary regionally.
The Big Mac Index is a price index published since 1986 by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible."
CashNetUSA reviewed Big Mac prices in all 50 states to determine where customers pay the most and pay the least for the iconic burger with two all beef patties, special sauce, lettuce, cheese...
Using the price of a Big Mac in two countries, the index can give an indication as to whether a currency may be over or undervalued. For example, a Big Mac costs ¥24.40 in China and $5.81 in the United States. By comparing the implied exchange rate to the actual exchange rate, we can see whether the Yuan is over or undervalued.
Uruguay's Big Mac price came in second at $7.07, and Norway's was $6.77. The U.S. came in eighth place for the most expensive Big Mac at $5.69, which is less expensive than the price across the ...
As this graphic indicates, Ronald McDonald must earn a fortune with his Swiss sales operation where the fast food classic can be bought for $6.71 whilst the South African version of the American ...
The Big Mac Index, a measure of comparing the purchasing power parity (PPP) between countries, has been serving as a unique lens to understand the world economy. Utilizing the price of McDonald's ubiquitous Big Mac hamburger, this index offers a digestible perspective on the economic standing of nations across the globe.