Big Mac Index by Country 2023

Map

Table

Table of Contents

Interactive Map Introduction Big Mac Prices Over the Years Big Mac Prices Around the World Big Mac Price by Country Big Mac Index Big Mac Index by Country Most Expensive Big Mac Cheapest Big Mac in the World Big Mac Price by Country Andorra Argentina Australia Austria Azerbaijan Bahrain Belgium Brazil Canada Chile Colombia Costa Rica Croatia Cyprus Czech Republic Egypt Estonia Finland France Germany Greece Guatemala Honduras Hong Kong Hungary India Indonesia Ireland Israel Italy Japan Jordan Kuwait Latvia Lebanon Lithuania Luxembourg Malaysia Malta Mexico Moldova Monaco Netherlands New Zealand Nicaragua Norway Oman Pakistan People's Republic of China Peru Philippines Poland Portugal Qatar Romania Saint Pierre and Miquelon Saint-Barthélemy San Marino Saudi Arabia Singapore Slovakia Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland Taiwan Thailand Turkey United Arab Emirates United Kingdom United States of America Uruguay Vatican City Venezuela Vietnam FAQs What is the big mac index ? What is the Big Mac price in Australia ?What are Big Mac prices around the world ?

Introduction

The Big Mac index is a widely recognized and well-known index that compares the price of a Big Mac hamburger in different countries. The index was created by The Economist magazine in 1986 as a lighthearted way to measure the purchasing power parity (PPP) between countries. The Big Mac index has been updated on a regular basis by The Economist, providing a snapshot of the state of the global economy and currency markets.

The idea behind it is that a Big Mac, as a globally recognized fast food item, should cost roughly the same in any country. The Big Mac Index is not a perfect measure of PPP as it only takes into account one item and does not consider other aspects such as the cost of housing, transportation, and healthcare. However, it provides a general overview of the relative affordability of goods and services in different countries. In other words, while the Big Mac index is not an official measure of PPP, it has become a widely used and recognized tool for comparing the value of currencies.

Many economists and financial experts have criticized the Big Mac index for its limitations, but it remains a popular and widely cited tool for measuring currency values and comparing the purchasing power of different countries. And while the index should not be taken too seriously, it provides an interesting and fun way for people to understand the relative value of different currencies and the purchasing power of different countries, and as such, makes economics more accessible and attractive to a wider audience.

Big Mac Index and Price by Country

#	Country	Big Mac Price	Big Mac Index
1	Switzerland	$6.71	30.33%
2	Norway	$6.26	21.63%
3	Uruguay	$6.08	18.15%
4	Sweden	$5.59	8.53%
5	Canada	$5.25	1.97%
6	United States of America	$5.15	0%
7	Lebanon	$5.08	-1.4%
8	Israel	$4.95	-3.97%
9	United Arab Emirates	$4.9	-4.84%
10	Andorra	$4.77	-7.47%
11	Austria	$4.77	-7.47%
12	Belgium	$4.77	-7.47%
13	Cyprus	$4.77	-7.47%
14	Estonia	$4.77	-7.47%
15	Finland	$4.77	-7.47%
16	France	$4.77	-7.47%
17	Germany	$4.77	-7.47%
18	Greece	$4.77	-7.47%
19	Ireland	$4.77	-7.47%
20	Italy	$4.77	-7.47%
21	Latvia	$4.77	-7.47%
22	Lithuania	$4.77	-7.47%
23	Luxembourg	$4.77	-7.47%
24	Malta	$4.77	-7.47%
25	Monaco	$4.77	-7.47%
26	Netherlands	$4.77	-7.47%
27	Portugal	$4.77	-7.47%
28	Saint Pierre and Miquelon	$4.77	-7.47%
29	Saint-Barthélemy	$4.77	-7.47%
30	San Marino	$4.77	-7.47%
31	Slovakia	$4.77	-7.47%
32	Slovenia	$4.77	-7.47%
33	Spain	$4.77	-7.47%
34	Vatican City	$4.77	-7.47%
35	Australia	$4.63	-10.18%
36	Argentina	$4.57	-11.27%
37	Saudi Arabia	$4.53	-12.09%
38	United Kingdom	$4.44	-13.79%
39	New Zealand	$4.43	-14.04%
40	Brazil	$4.25	-17.53%
41	Bahrain	$4.24	-17.59%
42	Singapore	$4.24	-17.66%
43	Kuwait	$4.23	-17.88%
44	Czech Republic	$3.97	-22.88%
45	Costa Rica	$3.91	-24.12%
46	Nicaragua	$3.87	-24.8%
47	Sri Lanka	$3.72	-27.72%
48	Oman	$3.69	-28.38%
49	Croatia	$3.68	-28.46%
50	Chile	$3.66	-28.89%
51	Honduras	$3.62	-29.79%
52	Poland	$3.59	-30.32%
53	Peru	$3.57	-30.67%
54	Qatar	$3.57	-30.69%
55	People's Republic of China	$3.56	-30.93%
56	South Korea	$3.5	-32%
57	Thailand	$3.5	-32.12%
58	Colombia	$3.48	-32.41%
59	Mexico	$3.43	-33.41%
60	Guatemala	$3.36	-34.67%
61	Jordan	$3.24	-37.11%
62	Pakistan	$3.16	-38.71%
63	Moldova	$3.11	-39.63%
64	Vietnam	$2.95	-42.79%
65	Japan	$2.83	-45.07%
66	Azerbaijan	$2.77	-46.26%
67	Philippines	$2.75	-46.51%
68	Hong Kong	$2.68	-48.06%
69	Turkey	$2.68	-48.04%
70	Hungary	$2.65	-48.59%
71	Taiwan	$2.51	-51.31%
72	Malaysia	$2.45	-52.44%
73	Egypt	$2.43	-52.85%
74	India	$2.39	-53.61%
75	Indonesia	$2.34	-54.62%
76	South Africa	$2.34	-54.52%
77	Romania	$2.28	-55.7%
78	Venezuela	$1.76	-65.77%

Big Mac Prices Over the Years

The average price of a Big Mac has varied greatly over the years and across different countries. According to the Big Mac Index published by The Economist, which tracks the price of a Big Mac in various countries, the global average price of a Big Mac was around $2.50 in the early 1980s. By the early 2000s, the average price had increased to around $2.70. In recent years, the average price has continued to rise, with the global average price reaching around $3.80 in 2021.

The price of a Big Mac has also varied significantly across different countries. In some countries, such as Indonesia and South Africa, the Big Mac is significantly cheaper than the global average, at a price of $2.34 per Big Mac sandwich. In other countries, such as Switzerland and Norway, the Big Mac is much more expensive than the global average, with prices surpassing $6. This variation is largely due to differences in factors such as local labor costs, taxes, and currency exchange rates.

Overall, the price of a Big Mac has generally increased over the years, but the degree of increase and the actual price vary widely across different countries.

Big Mac Prices Around the World

The Big Mac, a burger made by McDonald’s, is one of the most popular fast food items in the world whose price can greatly vary depending on the country where it is purchased. The cost of a Big Mac can be influenced by many factors such as the cost of living, inflation, currency exchange rates, and the purchasing power of the local population.

In some countries, a Big Mac can be purchased for as little as $2. On the other hand, in other countries, the same burger can cost upwards of $6. For example, in the United States, the average cost of a Big Mac is around $5, while in Norway, it can cost more than $6. This difference can be attributed to the higher cost of living and inflation in Norway, as well as the strength of the Norwegian krone compared to the US dollar.

According to the latest Big Mac index, the most expensive Big Mac can be found in Switzerland, where it costs $6.71. In comparison, the cheapest Big Mac can be found in Venezuela, where it costs only $1.76. The difference in price between the two countries is a clear indication of the differences in purchasing power between Switzerland and Venezuela.

Big Mac Price by Country

When it comes to the cost of a Big Mac around the world, it is clear that Big Mac Prices vary greatly from country to country. Switzerland tops the list with the most expensive Big Mac, at $6.71 per sandwich. This is followed by Norway at $6.26 and Uruguay at $6.08 respectively. Sweden and Canada come after them in fourth and fifth place for the highest Big Mac prices by country, at $5.59 and $5.25 respectively, while the United States of America follows in sixth place with a slightly lower cost of $5.15 per Big Mac sandwich. The seventh, eighth, and ninth countries with the highest Big Mac prices by country are Lebanon, Israel, and the United Arab Emirates, with a cost of $5.08, $4.95, and $4.9 per Big Mac sandwich respectively.

The next 25 countries with the highest Big Mac price by country are all European countries, which all have the same price for a Big Mac – at a cost of $4.77 for a Big Mac sandwich. These 25 countries are Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Portugal, Saint Pierre and Miquelon, Saint-Barthélémy, San Marino, Slovakia, Slovenia, Spain, and Vatican City.

There are, however, some large differences between countries located in different parts of the world when it comes to Big Mac prices – such as those located in South America being much cheaper than those found in Europe or North America for example – which could be explained by factors like availability or demand for certain ingredients used in making McDonalds’ products, as well as other external factors like currency exchange rates or taxes on imported goods, beyond the straightforward explanation in a disparity in Big Mac index score and therefore also in PPP.

Big Mac Index

The Big Mac Index is an economic indicator created by The Economist in 1986. The index uses the price of a Big Mac hamburger to compare the purchasing power of different currencies around the world. The idea is that since the Big Mac is a standardized product sold in almost every country, its price can be used to determine the relative value of currencies. In other words, if the price of a Big Mac is higher in one country than in another, it suggests that the currency in the first country is overvalued.

To read the Big Mac Index, you simply compare the price of a Big Mac in different countries and convert it to a common currency, usually US dollars. For example, if a Big Mac costs $5 in the US and 5 euros in France, the exchange rate implied by the Big Mac Index is 1 euro = $1. The index is published annually by The Economist and is available for free on their website. It includes data for around 50 countries and is considered a fun way to understand global economics.

It is worth noting that the Big Mac Index is not a perfect measure of currency values. Big Mac prices are affected by factors such as local labor costs, rent, and taxes, which can vary greatly from country to country. Also, the index does not take into account non-traded goods and services, such as housing, which can be significant factors in the overall cost of living. Nevertheless, the Big Mac Index is a useful and entertaining tool for gaining insights into international economics.

Big Mac Index by Country

When comparing the Big Mac Index differences between the US price and other countries, it is apparent that there are substantial disparities in the prices of Big Macs around the world. For example, the price of a Big Mac in India is 53.6% lower than in the United States, whereas in Switzerland, it is over 30% higher. This means that the purchasing power of the US dollar is higher in India than in Switzerland. It is worth noting that the exchange rate between the two currencies is not the only factor affecting the Big Mac Index differences, as various other factors such as taxes, wages, and rent also play a significant role, but it does give a broad representation of the PPP disparity between these countries.

Looking at the countries with the highest Big Mac Index by country, we can see that out of the 78 countries in the world represented in the Big Mac Index, only five have a higher Big Mac Index than the United States. According to recent data from The Economist magazine, the top five countries with the highest Big Mac index by country are Switzerland, Norway, Uruguay, Sweden and Canada. Switzerland tops the list of countries with the highest Big Mac Index, with a 30.33% percentage difference, followed by Norway with 21.63%, Uruguay at 18.15%, Sweden at 8.53% and finally Canada with 1.97%.

The next three countries with the highest Big Mac Index by country have indexes below that of the US, at -1% percentage difference in the cost of a Big Mac for Lebanon, -3.97% for Israel, and -4.84% for the United Arab Emirates. The next countries with the highest Big Mac Index all have a percentage difference of -7.47% of the US average price for a Big Mac – these countries are Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Portugal, Saint Pierre and Miquelon, Saint-Barthélémy, San Marino, Slovakia, Slovenia, Spain, and Vatican City.

Finally, the countries with the lowest Big Mac Index in the world are Turkey, Hungary, Taiwan, Malaysia, Egypt, India, Indonesia, South Africa, Romania and Venezuela. In Turkey, the Big Mac Index is 48.04% lower than that of the US, while in Hungary a Big Mac costs -48.59% of the US price. In Taiwan, the price for a Big Mac is -51.31% lower than the US average, while Malaysia’s is at -52.44% of the average US Big Mac price. In Egypt, the Big Mac index is at -52.85%, and in India -53.61% compared to the US Big Mac Index. Additionally, Indonesia experiences a Big Mac Index at -54.62%, South Africa’s Big Mac Index is at -54.52%, and Romania’s Big Mac Index is -55.70%. Finally, the country with the lowest Big Mac Index in the world is Venezuela, with a Big Mac Index at -65.77%.

Most Expensive Big Mac

Switzerland is well known for its high quality of living and exorbitant prices, and this holds true for the country’s Big Macs as well. At $6.71 per sandwich, Switzerland has the most expensive Big Mac in the world. This is almost double the price of a Big Mac in South Korea or Thailand, where it only costs around $3.50. According to the Big Mac Index by The Economist, that means that Switzerland’s Big Mac Index is 30.33% what the price of a Big Mac is in the US. As for why Swiss Big Macs are so costly, some attribute it to higher labor costs combined with comparatively lower purchasing power due to a strong Swiss Franc. Furthermore, food imports from other countries are subject to more taxes, making Swiss products relatively more expensive than their global counterparts. All these factors contribute to making Switzerland’s Big Macs among the most expensive in the world.

Cheapest Big Mac in the World

Ranked in the World

#40

Brazil has a Big Mac index of -17.53% and a Big Mac costs US$4.25, ranking the fortieth in terms of Big Mac index and Big Mac price. Brazil's Big Mac index indicates that the Brazilian real is undervalued by 17.53% against the US dollar. This means that the cost of purchasing a Big Mac in Brazil is much less than it would be in the United States. It is worth noting that, as purchasing power parity increases over time, Brazil's Big Mac index could also be expected to change; however, these fluctuations remain relatively minimal compared to other countries. Ultimately, this index offers a useful insight into how strong Brazil's economy is relative to other nations around the world.

add_circle

Big Mac Price

help

$3.91

Ranked in the World

#45

Big Mac Index

help

-24.12%

Ranked in the World

#45

Costa Rica has a Big Mac index of -24.12% and a Big Mac costs US$3.91, ranking forty-fifth in terms of Big Mac index and Big Mac price. Costa Rica’s Big Mac index indicates that the Costa Rican colón is undervalued by 24.12% against the US dollar. It also shows just how affordable prices are here when compared to other countries. This makes Costa Rica a good destination for travelers looking to save money on food and other purchases. It is interesting to note that while the Big Mac Index pertains only to McDonald’s burgers, it serves as an effective indicator of general currency exchange rate differences between countries.

Croatia

add_circle

Big Mac Price

help

$3.68

Ranked in the World

#49

Big Mac Index

help

-28.46%

Ranked in the World

#49

Cyprus

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#13

Big Mac Index

help

-7.47%

Ranked in the World

#13

Czech Republic

add_circle

Big Mac Price

help

$3.97

Ranked in the World

#44

Big Mac Index

help

-22.88%

Ranked in the World

#44

Egypt

add_circle

Big Mac Price

help

$2.43

Ranked in the World

#73

Big Mac Index

help

-52.85%

Ranked in the World

#73

Egypt has a Big Mac index of -52.85% and a Big Mac costs US$2.43, ranking seventy-third in terms of Big Mac index and Big Mac price. Egypt’s Big Mac index indicates that the Egyptian pound is undervalued by 52.85% against the US dollar. This means that a Big Mac costs about two times less in Egypt than it does in the United States. This makes it one of the most affordable places to buy a Big Mac according to its purchasing power parity.

Estonia

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#14

Big Mac Index

help

-7.47%

Ranked in the World

#14

Finland

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#15

Big Mac Index

help

-7.47%

Ranked in the World

#15

Finland has a Big Mac index of -7.47% and a Big Mac costs US$4.77, ranking fifteenth in terms of Big Mac index and Big Mac price. Finland’s Big Mac index indicates that the euro is undervalued by 7.47% against the US dollar. This means that a meal in Finland costs 7.47% less than it would in the United States, meaning that people can enjoy great savings while exploring this country. This affordability makes Finland an attractive holiday destination for tourists looking to save money and experience new cultures.

France

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#16

Big Mac Index

help

-7.47%

Ranked in the World

#16

France has a Big Mac index of -7.47% and a Big Mac costs US$4.77, ranking sixteenth in terms of Big Mac index and Big Mac price. France’s Big Mac index indicates that the euro is undervalued by 7.47% against the US dollar. Purchasing power parity dictates that a burger should cost about the same everywhere, and France's index being lower than this suggests that goods are relatively cheaper there when compared with other countries.

Germany

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#17

Big Mac Index

help

-7.47%

Ranked in the World

#17

Greece

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#18

Big Mac Index

help

-7.47%

Ranked in the World

#18

Guatemala

add_circle

Big Mac Price

help

$3.36

Ranked in the World

#60

Big Mac Index

help

-34.67%

Ranked in the World

#60

Honduras

add_circle

Big Mac Price

help

$3.62

Ranked in the World

#51

Big Mac Index

help

-29.79%

Ranked in the World

#51

Hong Kong

add_circle

Big Mac Price

help

$2.68

Ranked in the World

#68

Big Mac Index

help

-48.06%

Ranked in the World

#69

Hungary

add_circle

Big Mac Price

help

$2.65

Ranked in the World

#70

Big Mac Index

help

-48.59%

Ranked in the World

#70

India

add_circle

Big Mac Price

help

$2.39

Ranked in the World

#74

Big Mac Index

help

-53.61%

Ranked in the World

#74

Indonesia

add_circle

Big Mac Price

help

$2.34

Ranked in the World

#75

Big Mac Index

help

-54.62%

Ranked in the World

#76

Ireland

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#19

Big Mac Index

help

-7.47%

Ranked in the World

#19

Ireland's Big Mac index is an indication that the euro currency is undervalued when compared to the US dollar. This means that for the same amount of euros, you can get significantly more dollars in return. The Big Mac costs $4.77 in Ireland, making it one of the cheapest places to purchase a Big Mac in comparison to other countries. Ireland's ranking in terms of the Big Mac index and price is nineteenth, meaning it is cheaper than many other countries. Furthermore, its Big Mac index figure of -7.47% indicates an even greater value for money as consumers can buy more with their euros than they would be able to with other currencies on a given day.

add_circle

Big Mac Price

help

$5.08

Ranked in the World

Big Mac Index

help

-1.4%

Ranked in the World

Lithuania

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#22

Big Mac Index

help

-7.47%

Ranked in the World

#22

Luxembourg

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#23

Big Mac Index

help

-7.47%

Ranked in the World

#23

Malaysia

add_circle

Big Mac Price

help

$2.45

Ranked in the World

#72

Big Mac Index

help

-52.44%

Ranked in the World

#72

Malta

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#24

Big Mac Index

help

-7.47%

Ranked in the World

#24

Malta has a Big Mac index of -7.47% and a Big Mac costs US$4.77, ranking twenty-fourth in terms of Big Mac index and Big Mac price. Malta’s Big Mac index indicates that the euro is undervalued by 7.47% against the US dollar. The discrepancy between Malta's currency and the US dollar shows us that there is still room for economic growth in Malta with its currency. Additionally, this gives tourists from other countries more purchasing power when visiting Malta compared to if they were traveling to another country with a higher Big Mac index and cost.

Mexico

add_circle

Big Mac Price

help

$3.43

Ranked in the World

#59

Big Mac Index

help

-33.41%

Ranked in the World

#59

Moldova

add_circle

Big Mac Price

help

$3.11

Ranked in the World

#63

Big Mac Index

help

-39.63%

Ranked in the World

#63

Monaco

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#25

Big Mac Index

help

-7.47%

Ranked in the World

#25

Netherlands

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#26

Big Mac Index

help

-7.47%

Ranked in the World

#26

The Netherlands has a Big Mac index of -7.47% and a Big Mac costs US$4.77, ranking fifteenth in terms of Big Mac index and Big Mac price. The Netherlands’ Big Mac index indicates that the euro is undervalued by 7.47% against the US dollar. However, when purchasing Big Macs abroad, Netherlanders may be able to enjoy cheaper prices due to their lower exchange rate. In addition, since its index value is close to 0%, fluctuations in the index will have little impact on the overall cost of a Big Mac in the Netherlands. All these factors underscore just how important exchange rates are when considering international trade and travel costs.

New Zealand

add_circle

Big Mac Price

help

$4.43

Ranked in the World

#39

Big Mac Index

help

-14.04%

Ranked in the World

#39

Nicaragua

add_circle

Big Mac Price

help

$3.87

Ranked in the World

#46

Big Mac Index

help

-24.8%

Ranked in the World

#46

add_circle

Big Mac Price

help

$3.57

Ranked in the World

#54

Big Mac Index

help

-30.69%

Ranked in the World

#54

Qatar has a Big Mac index of -30.69% and a Big Mac costs US$3.57, ranking fifty-fourth in terms of Big Mac index and Big Mac price. Qatar’s Big Mac index indicates that the Qatari riyal is undervalued by 30.69% against the US dollar.

Romania

add_circle

Big Mac Price

help

$2.28

Ranked in the World

#77

Big Mac Index

help

-55.7%

Ranked in the World

#77

Saint Pierre and Miquelon

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#28

Big Mac Index

help

-7.47%

Ranked in the World

#28

Saint-Barthélemy

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#29

Big Mac Index

help

-7.47%

Ranked in the World

#29

San Marino

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#30

Big Mac Index

help

-7.47%

Ranked in the World

#30

Saudi Arabia

add_circle

Big Mac Price

help

$4.53

Ranked in the World

#37

Big Mac Index

help

-12.09%

Ranked in the World

#37

Singapore

add_circle

Big Mac Price

help

$4.24

Ranked in the World

#42

Big Mac Index

help

-17.66%

Ranked in the World

#42

Slovakia

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#31

Big Mac Index

help

-7.47%

Ranked in the World

#31

Slovenia

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#32

Big Mac Index

help

-7.47%

Ranked in the World

#32

South Africa

add_circle

Big Mac Price

help

$2.34

Ranked in the World

#76

Big Mac Index

help

-54.52%

Ranked in the World

#75

South Africa has a Big Mac index of -54.52% and a Big Mac costs US$2.34, ranking seventy-fifth in terms of the Big Mac index. South Africa’s Big Mac index indicates that the South African rand is undervalued by 54.52% against the US dollar. This undervaluation of currency can impact many aspects of life for South Africans, including travel, education, and purchasing power. Inflation is also likely to be higher than usual in South Africa due to the weak currency and this may lead to an overall decrease in living standards for people living in the country.

South Korea

add_circle

Big Mac Price

help

$3.5

Ranked in the World

#56

Big Mac Index

help

-32%

Ranked in the World

#56

Spain

add_circle

Big Mac Price

help

$4.77

Ranked in the World

#33

Big Mac Index

help

-7.47%

Ranked in the World

#33

Sri Lanka

add_circle

Big Mac Price

help

$3.72

Ranked in the World

#47

Big Mac Index

help

-27.72%

Ranked in the World

#47

Sweden

add_circle

Big Mac Price

help

$5.59

Ranked in the World

Big Mac Index

help

8.53%

Ranked in the World

add_circle

Big Mac Price

help

$2.68

Ranked in the World

#69

Big Mac Index

help

-48.04%

Ranked in the World

#68

Turkey has a Big Mac index of -48.04% and a Big Mac costs US$2.68, ranking sixty-eighth in terms of the Big Mac index. Turkey’s Big Mac index indicates that the Turkish lira is undervalued by 48.04% against the US dollar. This means that Turkish consumers can purchase products with their currency at a lower price when compared to other countries. Moreover, these differences in the exchange rate may lead to exports becoming cheaper, which could help to increase foreign investments and boost economic growth in Turkey.

United Arab Emirates

add_circle

Big Mac Price

help

$4.9

Ranked in the World

Big Mac Index

help

-4.84%

Ranked in the World

United Kingdom

add_circle

Big Mac Price

help

$4.44

Ranked in the World

#38

Big Mac Index

help

-13.79%

Ranked in the World

#38

United States of America

add_circle

Big Mac Price

help

$5.15

Ranked in the World

Big Mac Index

help

Ranked in the World

add_circle

Big Mac Price

help

$2.95

Ranked in the World

#64

Big Mac Index

help

-42.79%

Ranked in the World

#64

FAQs

What is the big mac index ?

The Big Mac Index is a price comparison index created by The Economist in 1986 to measure the purchasing power of different currencies around the world based on the cost of a McDonald’s Big Mac in different countries.

What is the Big Mac price in Australia ?

The price of a Big Mac in Australia is $4.63 – meaning that Australia’s Big Mac Index is at -10.18% of the Big Mac Index of the US.

What are Big Mac prices around the world ?

The average price of a Big Mac varies greatly from country to country. The US average price for a Big Mac is $5.15, which is the value used as a point of comparison between the Big Mac prices between countries in the Big Mac Index. Some countries, such as Indonesia and South Africa, the Big Mac is significantly cheaper than that of the US, at a price of $2.34 per Big Mac sandwich. In other countries, such as Switzerland and Norway, the Big Mac is more expensive than that of the US, with prices well above $6.