Big Mac Index

Big Mac Index is a great way to compare price levels between countries. It was first published 1986 by the Economis* and at that time the Big Mac cost 2.1 $ in the US. The idea with Big Mac Index was to create an easy and understandable way to compare price levels.

Before 1986 people only used Price Index which is much more complicated. (Price Index compares a bunch of products instead of one Big Mac. It is more correct but Big Mac Index is more understandable.)

Source: McDonald's; The Economist - Jul 16th 2009

	Countries	In local currency	In dollars
	United States	$ 3.57	3.57
	Argentina	Peso 11.5	3.02
	Australia	A$ 4.34	3.37
	Brazil	Real 8.03	4.02
	Britain	£ 2.29	3.69
	Canada	C$ 3.89	3.35
	Chile	Peso 1750	3.19
	China	Yuan 13.5	1.83
	Colombia	Peso 7000	3.34
	Costa Rica	Colones 2000	3.43
	Czech Republic	Koruna 67.92	3.64
	Denmark	DK 29.5	5.53
	Egypt	Pound 13	2.33
	Estonia	Kroon 32	2.85
	Euro Area **	€ 3.31	4.62
	Hong Kong	HK$ 13.3	1.72
	Iceland	Kronur 640	4.99
	Indonesia	Rupiah 20900	2.05
	Israel	Shekel 15	3.77
	Japan	Yen 320	3.46
	Latvia	Lats 1.55	3.09
	Lithuania	Litas 7.1	2.87
	Malaysia	Ringgit 6.77	1.88
	Mexico	Peso 33	2.39
	New Zealand	NZ$ 4.9	3.08
	Norway	Kroner 40	6.15
	Pakistan	Rupee 190	2.30
	Peru	New Sol 8.056	2.66
	Philippines	Peso 99.39	2.05
	Poland	Zloty 7.6	2.41
	Russia	Ruble 67	2.04
	Saudi Arabia	Riyal 11	2.93
	Singapore	S$ 4.22	2.88
	South Africa	Rand 17.95	2.17
	South Korea	Won 3400	2.59
	Sri Lanka	Rupee 210	1.83
	Sweden	SKR 39	4.93
	Switzerland	CHF 6.5	5.98
	Taiwan	Tawain $ 75	2.26
	Thailand	Baht 64.49	1.89
	Turkey	Lira 5.65	3.65
	Ukraine	Hryvnia 14	1.83
	United Arab Emirates	Dirhams 10	2.72
	Uruguay	Peso 61	2.63

....and the winner is Hong Kong!! : ) where a Big Mac only cost $ 1.72 .

* The Economist is a famous international affairs publication.
** The Euro Area price is an avarage from all countries in Europe using the Euro, €. Today it is Belium, Germany, France, Italy, Luxemburg, Netherlands, Ireland, Spain, Greece, Portugal, Finland, Austria.

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