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Big Mac index

The Big Mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level, since the sandwich is identical everywhere in the world. It is therefore also a great guide to the general price levels in most parts of the world.

The prices are from July 2018 and converted to US$.

Egypt $1.75
Ukraine $1.91
Russia $2.09
Malaysia $2.10
Indonesia $2.19
Taiwan $2.27
Turkey $2.28
Romania $2.32
South Africa $2.32
Azerbaijan $2.32
India $2.51
Hong Kong $2.55
Mexico $2.57
Moldova $2.58
Philippines $2.62
Argentina $2.71
Oman $2.73
Poland $2.74
Jordan $2.75
Vietnam $2.82
Hungary $3.07
Pakistan $3.09
China $3.10
Bahrain $3.16
Saudi Arabia $3.20
Peru $3.21
Nicaragua $3.26
Qatar $3.30
Croatia $3.33
Guatemala $3.34
Czech Republic $3.40
Kuwait $3.47
Japan $3.51
Honduras $3.54
Thailand $3.59
Sri Lanka $3.64
United Arab Emirates $3.81
South Korea $4.03
Costa Rica $4.03
Chile $4.05
Colombia $4.14
Britain $4.23
New Zealand $4.23
Singapore $4.28
Lebanon $4.30
Brazil $4.40
Uruguay $4.47
Australia $4.52
Israel $4.68
Denmark $4.72
Euro area $4.74
Canada $5.07
Norway $5.22
United States $5.51
Sweden $5.83
Switzerland $6.54