Big Mac Index 2014

January 24, 2014

Click here to download the complete spreadsheet. Big Mac Index information is from the Economist, click here for the Kindle version of the Economist.

 

 


Country local_price dollar_ex dollar_price dollar_ppp dollar_valuation dollar_adj_valuation euro_adj_valuation sterling_adj_valuation yen_adj_valuation yuan_adj_valuation
Argentina 21 6.92 3.03 4.54 -34.39 2.58 -11.95 -6.88 55.73 1.36
Australia 5.05 1.13 4.47 1.09 -3.26 -17.60 -29.27 -25.20 25.10 -18.58
Brazil 12.4 2.36 5.25 2.68 13.48 72.65 48.19 56.72 162.11 70.60
Britain 2.79 0.60 4.63 0.60 0.06 10.17 -5.44 0.00 67.25 8.86
Canada 5.54 1.11 5.01 1.20 8.41 6.19 -8.85 -3.61 61.21 4.93
Chile 2000 541.95 3.69 432.51 -20.19 18.61 1.81 7.66 80.07 17.20
China 16.6 6.05 2.74 3.59 -40.68 1.20 -13.13 -8.14 53.64 0.00
Colombia 8600 1982.80 4.34 1859.79 -6.20 55.67 33.61 41.30 136.32 53.81
Costa Rica 2150 501.92 4.28 464.95 -7.37
Czech Republic 70.45 20.28 3.47 15.24 -24.89 2.75 -11.81 -6.74 55.98 1.53
Denmark 28.5 5.50 5.18 6.16 12.03 0.95 -13.35 -8.37 53.26 -0.25
Egypt 16.93 6.96 2.43 3.66 -47.40 -6.45 -19.70 -15.08 42.02 -7.56
Euro area 3.657962724 0.74 4.96 0.79 7.30 16.51 0.00 5.75 76.87 15.12
Hong Kong 18 7.76 2.32 3.89 -49.82 -41.95 -50.17 -47.31 -11.87 -42.64
Hungary 860 223.10 3.85 185.98 -16.64 24.53 6.89 13.03 89.05 23.05
India 95 61.85 1.54 20.54 -66.78 -39.44 -48.02 -45.03 -8.06 -40.16
Indonesia 27939 12140.00 2.30 6041.95 -50.23 -12.35 -24.77 -20.44 33.07 -13.39
Israel 17.5 3.49 5.02 3.78 8.49 28.25 10.08 16.42 94.71 26.73
Japan 310 104.25 2.97 67.04 -35.69 -34.13 -43.46 -40.21 0.00 -34.91
Lithuania 8.8 2.55 3.46 1.90 -25.24
Malaysia 7.4 3.32 2.23 1.60 -51.85 -23.71 -34.52 -30.76 15.81 -24.62
Mexico 37 13.33 2.78 8.00 -39.99 -5.01 -18.47 -13.78 44.21 -6.14
New Zealand 5.5 1.20 4.57 1.19 -1.13 12.24 -3.66 1.88 70.40 10.91
Norway 48 6.16 7.80 10.38 68.58 14.27 -1.92 3.73 73.48 12.91
Pakistan 320 105.42 3.04 69.20 -34.35 20.34 3.29 9.24 82.69 18.91
Peru 10 2.81 3.56 2.16 -22.94 30.41 11.93 18.37 97.97 28.86
Philippines 135 45.23 2.98 29.19 -35.45 15.98 -0.45 5.27 76.07 14.60
Poland 9.2 3.07 3.00 1.99 -35.16 -2.32 -16.16 -11.34 48.28 -3.49
Russia 89 33.94 2.62 19.25 -43.29 -13.98 -26.17 -21.92 30.59 -15.00
Saudi Arabia 11 3.75 2.93 2.38 -36.57 -14.10 -26.27 -22.02 30.41 -15.12
Singapore 4.6 1.28 3.60 0.99 -22.21 -22.91 -33.84 -30.03 17.03 -23.83
South Africa 23.5 10.88 2.16 5.08 -53.28 -23.64 -34.46 -30.69 15.92 -24.55
South Korea 3700 1067.30 3.47 800.14 -25.03 -0.07 -14.22 -9.29 51.71 -1.26
Sri Lanka 350 130.80 2.68 75.69 -42.13
Sweden 40.7 6.47 6.29 8.80 35.97 24.77 7.09 13.25 89.41 23.28
Switzerland 6.5 0.91 7.14 1.41 54.46 15.69 -0.70 5.02 75.64 14.32
Taiwan 79 30.16 2.62 17.08 -43.36 -22.15 -33.18 -29.34 18.18 -23.08
Thailand 96 32.88 2.92 20.76 -36.85 7.77 -7.50 -2.18 63.61 6.49
Turkey 8.5 2.26 3.76 1.84 -18.72 28.23 10.06 16.39 94.66 26.70
UAE 12 3.67 3.27 2.60 -29.35
Ukraine 19 8.38 2.27 4.11 -50.96
United States 4.62 1.00 4.62 1.00 0.00 0.00 -14.17 -9.23 51.81 -1.19
Uruguay 105 21.38 4.91 22.71 6.21
Venezuela 45 6.29 7.15 9.73 54.66
Austria 3.39 0.74 4.60 0.73 -0.56 -1.84 -15.75 -10.90 49.01 -3.01
Belgium 3.95 0.74 5.36 0.85 15.87 17.38 0.75 6.55 78.20 15.99
Estonia 2.8 0.74 3.80 0.61 -17.86 18.40 1.62 7.47 79.74 16.99
Finland 4.1 0.74 5.56 0.89 20.27 19.74 2.78 8.69 81.79 18.32
France 3.8 0.74 5.15 0.82 11.47 16.32 -0.16 5.58 76.58 14.93
Germany 3.67 0.74 4.98 0.79 7.66 12.22 -3.68 1.86 70.36 10.88
Greece 3.05 0.74 4.14 0.66 -10.53 13.00 -3.01 2.57 71.55 11.65
Ireland 3.46 0.74 4.69 0.75 1.50 1.53 -12.85 -7.84 54.14 0.33
Italy 3.85 0.74 5.22 0.83 12.94 27.80 9.70 16.01 94.02 26.28
Netherlands 3.45 0.74 4.68 0.75 1.20 -0.61 -14.69 -9.78 50.89 -1.79
Portugal 3 0.74 4.07 0.65 -12.00 17.40 0.77 6.57 78.23 16.01
Spain 3.65 0.74 4.95 0.79 7.07 26.97 8.98 15.25 92.75 25.46

Big Mac Index Publishing Dates

June 17, 2013

Big Mac Index 1986 September 6, 1986 Big Mac Index 1987 January 17, 1987 Big Mac Index 1988 April 2, 1988 Big Mac Index 1989 April 15, 1989 Big Mac Index 1990 May 5, 1990 Big Mac Index 1991 April 13, 1991 Big Mac Index 1992 April 18, 1992 Big Mac Index 1993 April 17, […]

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Buying a house in college

May 4, 2013

This is the summary …. 1.  Searched Craigslist for home sellers willing to sell their house on a land contract and eventually found one that made financial sense (see below for details on land contracts). 2.  Borrowed $5,000 from my parents and used $10,000 that I had saved up as a down payment.  The sale […]

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Big Mac Index 2013

January 27, 2013

Click here to download the complete spreadsheet. Big Mac Index information is from the Economist, click here for the Kindle version of the Economist. Country Big Mac prices in local currency Big Mac prices in dollars* Implied PPP† of the dollar Actual dollar exchange rate January 2013 Under (-)/ over (+) valuation against the dollar, […]

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McDonalds locations per person

December 1, 2012

According to the Malaysian Insider … Switzerland has one McDonalds location per 52,300 people. The United States had one McDonald’s location per 24,585 people. McDonalds is setting their sights on China as the next big area for growth. For more info, see here.

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World’s most expensive cities … Big Macs and Iphones

September 24, 2012

It takes on average 18 minutes of work to buy a Big Mac in Norway (according to the 2012 Big Mac Index) and 36 hours to buy and Iphone.  Zurich is the second most expensive city polled.  Tokyo?  Only 9 minutes to buy a Big Mac … not to shabby.  Nairobi?  Yeah, that will take […]

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China, Romney, and the Big Mac Index

September 10, 2012

So is the China bashing coming out of the republican party justified?  The charge is that China is using their foreign reserves to keep their currency, the Yuan, undervalued.  This stimulates their exports by making them cheaper to foreign purchasers.  The problem is … according to the Big Mac Index of 2012, this is becoming […]

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How well is the Euro priced? Pretty well according to SocGen.

September 4, 2012

Check out the following chart which was compiled by SocGen and used data from the 2012 Big Mac Index.  Apparently the Euro is priced correctly according to the Big Mac Index.  That’s pretty interesting considering the turmoil surrounding the Euro.  As the article states “The Euro’s problems are not with “valuation”, but with “survivability”.  

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Big Mac Index and the British Economy

August 28, 2012

Is the British Pound a “shadow of it’s former self?”  Possibly, if you take the Big Mac Index as an indication.  In reality, that actually depend on the goals of the central banks.  Sure, the Pound went from 18% overvalued to 4% undervalued in a matter of 5 years, but is an undervalued currency necessarily […]

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July 2007 to July 2012 Big Mac Index Comparison

August 22, 2012

The last 5 years have been 5 very tumultuous years and the Big Mac Index shows some of the effects of the economic carnage.  The British Pound, which 5 years ago was 18% overvalued (according to the Big Mac Index 2007), is now 4% undervalued (see 2012 Big Mac Index).  Remember though, that having a currency that […]

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