In 1986 The Economist magazine introduced the Big Mac Index. The index was designed to compare the Purchasing-Power Parity (PPP) of different countries, based on the idea that the Big Mac, or more specifically the cost of it, can tell us a lot about a country’s economy.
So, looking at the data from the Big Mac Index as of January 2021, we can see where in the world sells the cheapest, and the most expensive, Big Macs. At the expensive end of the spectrum, a Big Mac in Switzerland costs $7.29. An expensive place to live thanks to its relatively high standard of living, paid for through high wages and taxes, many commodities and services in Switzerland are priced much higher, including Big Macs. Meanwhile on the other side of the spectrum, a Big Mac in Lebanon only costs $1.77. So, by the logic of the Big Mac index, the currency used in there is quite undervalued. So here’s how much a Big Mac will cost you throughout the world, from the cheapest…
…to the most expensive.
