The Economist Big Mac index, January 2012

Actual
Under (-)/
dollar
over (+)
exchange valuation
Big Mac prices Big Mac Implied
rate
against
in local
prices in PPP of January
the dollar,
Country
currency
dollars*
the dollar 11th 2012 %
United States
$ 4.20
4.20 Argentina Peso 20.0
4.64
4.77
4.31
10
Australia A$4.80
4.94
1.14
0.97
18
Brazil
Real 10.25
5.68
2.44
1.81
35
Britain
2.49
3.82
1.69
1.54
-9
Canada
C$4.73
4.63
1.13
1.02
10
Chile
Peso 2,050
4.05
488
506
-3
China**
Yuan 15.4
2.44
3.67
6.32
-42
Colombia Peso 8,400
4.54
2001
1852
8
Costa Rica Colones 2,050
4.02
488
510
-4
Czech RepuKoruna 70.22
3.45
16.73
20.4
-18
Denmark DK 31.5
5.37
7.50
5.86
28
Egypt
Pound 15.5
2.57
3.69
6.04
-39
Euro area 3.49
4.43
1.20
1.27
6
Hong KongHK$ 16.5
2.12
3.93
7.77
-49
Hungary Forint 645
2.63
153.67
246
-37
India***
Rupee 84.0
1.62
20.01
51.9
-61
Indonesia Rupiah 22,534
2.46
5369
9160
-41
Israel
Shekel 15.9
4.13
3.79
3.85
-2
Japan
Yen 320
4.16
76.24
76.9
-1
Latvia
Lats 1.65
3.00
0.39
0.55
-29
Lithuania Litas 7.8
2.87
1.86
2.72
-32
Malaysia Ringgit 7.35
2.34
1.75
3.14
-44
Mexico
Peso 37
2.70
8.82
13.68
-36
New ZealanNZ$ 5.10
4.05
1.22
1.26
-4
Norway
Kroner 41
6.79
9.77
6.04
62
Pakistan Rupee 260
2.89
61.95
90.1
-31
Peru
Sol 10.0
3.71
2.38
2.69
-12
Philippines Peso 118
2.68
28.11
44.0
-36
Poland
Zloty 9.10
2.58
2.17
3.52
-38
Russia
Rouble 81.0
2.55
19.30
31.8
-39
Saudi ArabiRiyal 10.0
2.67
2.38
3.75
-36
Singapore S$ 4.85
3.75
1.16
1.29
-11
South Afric Rand 19.95
2.45
4.75
8.13
-42
South KoreWon 3,700
3.19
882
1159
-24
Sri Lanka Rupee 290
2.55
69.09
113.9
-39
Sweden SKr 41
5.91
9.77
6.93
41
SwitzerlandSFr 6.50
6.81
1.55
0.96
62
Taiwan
NT$ 75.0
2.50
17.87
30.0
-40
Thailand Baht 78
2.46
18.58
31.8
-41
Turkey
Lira 6.60
3.54
1.57
1.86
-16
UAE
Dirhams 12
3.27
2.86
3.67
-22
Ukraine
Hryvnia 17
2.11
4.05
8.04
-50

Uruguay

Peso 90

4.63

21.44

19.45

*At market exchange rate (January 11th 2012)

Purchasing-price parity; local price divided by price in United States
Average of four cities
Dollars per pound
** Average of five cities
Weighted average of prices in euro area
Dollars per euro
*** Maharaja Mac
Sources: McDonald's; The Economist

10

Big Mac Index - Published July 11, 2013

Country
Local Price Dollar Excha Dollar Price Dollar PPP Dollar Valuation
Argentina
21
5.41
3.88
4.61
-14.85
Australia
5.035
1.09
4.62
1.1
1.39
Brazil
12
2.27
5.28
2.63
15.98
Britain
2.69
0.67
4.02
0.59
-11.78
Canada
5.53
1.05
5.26
1.21
15.44
Chile
2000
508.16
3.94
438.92
-13.63
China
16
6.13
2.61
3.51
-42.76
Colombia
8600
1921
4.48
1887.34
-1.75
Costa Rica
2150
498.68
4.31
471.84
-5.38
Czech Republ
70.45
20.18
3.49
15.46
-23.4
Denmark
28.5
5.8
4.91
6.25
7.83
Egypt
16.75
7.01
2.39
3.68
-47.56
Euro area
3.62387049
0.78
4.66
0.8
2.25
Hong Kong
17
7.76
2.19
3.73
-51.9
Hungary
860
228.46
3.76
188.73
-17.39
India
90
59.98
1.5
19.75
-67.07
Indonesia
27939
9965
2.8
6131.46
-38.47
Israel
17.5
3.65
4.8
3.84
5.34
Japan
320
100.11
3.2
70.23
-29.85
Latvia
1.69
0.55
3.09
0.37
-32.12
Lithuania
8.6
2.69
3.2
1.89
-29.72
Malaysia
7.3
3.18
2.3
1.6
-49.63
Mexico
37
12.94
2.86
8.12
-37.25
New Zealand
5.5
1.28
4.3
1.21
-5.65
Norway
46
6.13
7.51
10.1
64.73
Pakistan
300
100.04
3
65.84
-34.19
Peru
10
2.78
3.59
2.19
-21.14
Philippines
115.21
43.44
2.65
25.28
-41.8
Poland
9.2
3.37
2.73
2.02
-40.01
Russia
87
32.94
2.64
19.09
-42.04
Saudi Arabia
10
3.75
2.67
2.19
-41.48
Singapore
4.7
1.27
3.69
1.03
-19.08
South Africa
22.5
10.05
2.24
4.94
-50.85
South Korea
3900
1135.7
3.43
855.89
-24.64
Sri Lanka
370
130.8
2.83
81.2
-37.92
Sweden
41.61
6.76
6.16
9.13
35.12
Switzerland
6.5
0.97
6.72
1.43
47.46
Taiwan
79
30.03
2.63
17.34
-42.26
Thailand
89
31.28
2.85
19.53
-37.55
Turkey
8.5
1.96
4.34
1.87
-4.7
UAE
12
3.67
3.27
2.63
-28.3
Ukraine
19
8.16
2.33
4.17
-48.87
United States
4.56
1
4.56
1
0
Uruguay
105
21.09
4.98
23.04
9.29
Venezuela
45
6.29
7.15
9.88
56.95
Austria
3.39
0.78
4.36
0.74
-4.34
Belgium
3.7
0.78
4.76
0.81
4.4
Estonia
2.75
0.78
3.54
0.6
-22.4
Finland
4.1
0.78
5.27
0.9
15.69
France
3.9
0.78
5.01
0.86
10.05
Germany
3.64
0.78
4.68
0.8
2.71

6.1302682

Greece
Ireland
Italy
Netherlands
Portugal
Spain

2.6
3.46
3.75
3.45
2.95
3.5

0.78
0.78
0.78
0.78
0.78
0.78

3.34
4.45
4.82
4.44
3.79
4.5

0.57
0.76
0.82
0.76
0.65
0.77

-26.64
-2.37
5.81
-2.65
-16.76
-1.24

Big Mac Index - Published January 23rd, 2014

Country
Local Price Dollar Excha Price in DollaDollar PPP Implied Dollar Valuation
Argentina
21
6.92
3.03
4.54
-34.39
Australia
5.05
1.13
4.47
1.09
-3.26
Brazil
12.4
2.36
5.25
2.68
13.48
Britain
2.79
0.6
4.63
0.6
0.06
Canada
5.54
1.11
5.01
1.2
8.41
Chile
2000
541.95
3.69
432.51
-20.19
China
16.6
6.05
2.74
3.59
-40.68
Colombia
8600
1982.8
4.34
1859.79
-6.2
Costa Rica
2150
501.92
4.28
464.95
-7.37
Czech Republ
70.45
20.28
3.47
15.24
-24.89
Denmark
28.5
5.5
5.18
6.16
12.03
Egypt
16.93
6.96
2.43
3.66
-47.4
Euro area
3.65796272
0.74
4.96
0.79
7.3
Hong Kong
18
7.76
2.32
3.89
-49.82
Hungary
860
223.1
3.85
185.98
-16.64
India
95
61.85
1.54
20.54
-66.78
Indonesia
27939
12140
2.3
6041.95
-50.23
Israel
17.5
3.49
5.02
3.78
8.49
Japan
310
104.25
2.97
67.04
-35.69
Lithuania
8.8
2.55
3.46
1.9
-25.24
Malaysia
7.4
3.32
2.23
1.6
-51.85
Mexico
37
13.33
2.78
8
-39.99
New Zealand
5.5
1.2
4.57
1.19
-1.13
Norway
48
6.16
7.8
10.38
68.58
Pakistan
320
105.42
3.04
69.2
-34.35
Peru
10
2.81
3.56
2.16
-22.94
Philippines
135
45.23
2.98
29.19
-35.45
Poland
9.2
3.07
3
1.99
-35.16
Russia
89
33.94
2.62
19.25
-43.29
Saudi Arabia
11
3.75
2.93
2.38
-36.57
Singapore
4.6
1.28
3.6
0.99
-22.21
South Africa
23.5
10.88
2.16
5.08
-53.28
South Korea
3700
1067.3
3.47
800.14
-25.03
Sri Lanka
350
130.8
2.68
75.69
-42.13
Sweden
40.7
6.47
6.29
8.8
35.97
Switzerland
6.5
0.91
7.14
1.41
54.46
Taiwan
79
30.16
2.62
17.08
-43.36
Thailand
96
32.88
2.92
20.76
-36.85
Turkey
8.5
2.26
3.76
1.84
-18.72
UAE
12
3.67
3.27
2.6
-29.35
Ukraine
19
8.38
2.27
4.11
-50.96
United States
4.62
1
4.62
1
0
Uruguay
105
21.38
4.91
22.71
6.21
Venezuela
45
6.29
7.15
9.73
54.66
Vietnam
60000
21090
2.84
12975.31
-38.476
Austria
3.39
0.74
4.6
0.73
-0.56
Belgium
3.95
0.74
5.36
0.85
15.87
Estonia
2.8
0.74
3.8
0.61
-17.86
Finland
4.1
0.74
5.56
0.89
20.27
France
3.8
0.74
5.15
0.82
11.47
Germany
3.67
0.74
4.98
0.79
7.66

Greece
Ireland
Italy
Netherlands
Portugal
Spain

3.05
3.46
3.85
3.45
3
3.65

0.74
0.74
0.74
0.74
0.74
0.74

4.14
4.69
5.22
4.68
4.07
4.95

0.66
0.75
0.83
0.75
0.65
0.79

-10.53
1.5
12.94
1.2
-12
7.07

Local
Price

Dollar
Dollar
Exchange Price

Argentina
Australia
Brazil
Britain
Canada
Chile
China
Colombia
Costa Rica
Czech
Republic

28
5.3
13.5
2.89
5.7
2100
17.2
7900
2150
70.45

8.61
1.23
2.59
0.66
1.23
627.49
6.21
2364.98
536.09
24.13

3.25
4.32
5.21
4.37
4.64
3.35
2.77
3.34
4.01
2.92

Implied
Dollar PPP Dollar
Valuation
5.85
-32.11
1.11
-9.84
2.82
8.7
0.6
-8.81
1.19
-3.14
438.41
-30.13
3.59
-42.19
1649.27
-30.26
448.85
-16.27
14.71
-39.06

Denmark
Egypt
Euro area
Hong Kong
Hungary
India
Indonesia
Israel
Japan
Malaysia
Mexico
New
Zealand

34.5
16.93
3.68
18.8
860
116.25
27939
17.5
370
7.63
49
5.9

6.42
7.35
0.86
7.75
271.39
61.62
12480
3.93
117.77
3.62
14.63
1.31

5.38
2.3
4.26
2.43
3.17
1.89
2.24
4.45
3.14
2.11
3.35
4.49

7.2
3.53
0.77
3.92
179.54
24.27
5832.78
3.65
77.24
1.59
10.23
1.23

12.23
-51.91
-10.98
-49.37
-33.84
-60.61
-53.26
-7.14
-34.41
-55.94
-30.07
-6.21

Norway
Pakistan
Peru
Philippines
Poland
Russia
Saudi
Arabia

48
300
10
163
9.2
89
11

7.62
100.74
3.01
44.41
3.71
65.23
3.76

6.3
2.98
3.32
3.67
2.48
1.36
2.93

10.02
62.63
2.09
34.03
1.92
18.58
2.3

31.46
-37.83
-30.6
-23.37
-48.18
-71.51
-38.87

Singapore 4.7
South
25.5
Africa

1.33
11.48

3.53
2.22

0.98
5.32

-26.4
-53.62

South
Korea

4100

1083.3

3.78

855.95

-20.99

Sri Lanka 350

Sweden
40.7
Switzerland 6.5

131.88
8.19
0.86

2.65
4.97
7.54

73.07
8.5
1.36

-44.59
3.73
57.49

Taiwan

31.49

2.51

16.49

-47.63

Country

79

6.21
2.0130814

Thailand
Turkey
UAE
Ukraine
United
States

99
9.25
13
19
4.79

32.61
2.33
3.67
15.82
1

3.04
3.96
3.54
1.2
4.79

20.67
1.93
2.71
3.97
1

-36.61
-17.24
-26.11
-74.93
0

Uruguay
Venezuela
Vietnam
Austria
Belgium
Estonia
Finland
France
Germany
Greece
Ireland
Italy
Netherland
s

113
132
60000
3.39
3.7
2.9
4.1
3.9
3.67
3.05
3.49
3.85
3.45

24.43
52.1
21380
0.86
0.86
0.86
0.86
0.86
0.86
0.86
0.86
0.86
0.86

4.63
2.53
2.81
3.93
4.29
3.36
4.75
4.52
4.25
3.53
4.04
4.46
4

23.59
27.56
12526.1
0.71
0.77
0.61
0.86
0.81
0.77
0.64
0.73
0.8
0.72

-3.42
-47.11
-41.41
-18
-10.5
-29.85
-0.83
-5.66
-11.23
-26.22
-15.58
-6.87
-16.55

Portugal
Spain

3
3.65

0.86
0.86

3.48
4.23

0.63
0.76

-27.43
-11.71

S=P/PUS