Big Mac index in Latin America by country 2024 | Statista (2024)

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Big Mac index in Latin America by country 2024 | Statista? ›

In January 2024, it was estimated that a Big Mac burger in Argentina would cost an average of 3.83 U.S. dollars. Overall, Argentina ranked second with one of the lowest prices for a Big Mac in selected Latin American countries.

In January 2024, it was estimated that a Big Mac burger in Argentina would cost an average of 3.83 U.S. dollars. Overall, Argentina ranked second with one of the lowest prices for a Big Mac in selected Latin American countries.

At 8.17 U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2024 Big Mac index. Concurrently the cost of a Big Mac was 5.69 dollars in the U.S., and 5.87 U.S. dollars in the Euro area.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Colombia was estimated at 5.09 U.S. dollars in January 2024. Colombia price for a Big Mac is among the four highest in Latin America.

The average price for a Big Mac burger in Peru was estimated at 4.25 U.S. dollars in January 2024. The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. Buying a Big Mac in Peru is cheaper than, for instance, in neighboring Chile.

In Costa Rica, the average price for a Big Mac burger was estimated at 5.71 U.S. dollars in January 2024. Costa Rica price for a Big Mac is among the highest in Latin America, only behind Uruguay.

Using the 'raw' direct conversion data, a Big Mac costs R51. 90 rand in South Africa (up from R49.

In Guatemala, it was estimated that a Big Mac would cost an average of 3.71 U.S. dollars, while the average price for a Big Mac burger in Brazil amounted to approximately 4.81 U.S. dollars.

The Big Mac Index measures the cost of a Big Mac in different countries and indicates the difference in purchasing power parity between them. It has become accepted as a fairly reliable currency parity indicator for developed, developing, and non-developed countries (as long as Big Macs are sold there). Economist.

Switzerland serves the world's most expensive Big Mac — and it was just OK. According to The Economist's Big Mac index, Switzerland has had the most expensive Big Mac in the world for years.

Which state eats the most Big Macs? ›

"A man in Wisconsin recently extended his Guinness World Record after he ate 728 McDonald's Big Macs in 2023," Meyers said on the show, followed by the joke, "The record was for healthiest man in Wisconsin." Gorske's journey started long before earning his record, when his father sold him his first car in 1972.

The price of a Big Mac in Chile is CLP3,100 (equivalent to US$3.75, EUR€3.49, and JP¥476). For US$50, you can buy 13 Big Macs. While the cost of living varies per location, it remains quite affordable to live and study in Chile.

Practical examples of the Big Mac Index

In December 2022, a Big Mac cost 18,900 pesos in Colombia and $5.36 in the United States. This resulted in an implicit exchange rate of 3,526 pesos per dollar.

The Giga Big Mac, is sold in Japan. It is a larger version of the Big Mac with three times the meat of a regular one. Little Mac or Mac Jr. is a reduction of the standard Big Mac which uses a two-piece bun and contains only one beef patty.

Created by The Economist, the Big Mac Index measures the value of a currency by comparing the price of a Big Mac burger in different countries. The index shows buying a Big Mac in South Africa is around 3 dollars cheaper than buying one in the US, indicating the Rand is undervalued by just over 40 percent.

The slump in the ruble's exchange rate over the last 12 months also means Russia now boasts the cheapest Big Macs in the world, according to the Index. The flagship burger costs 135 rubles ($1.83) — the only one of the 55 countries tracked where a Big Mac costs under $2.

If we refer to the Big Mac index, created in 1986 by The Economist in order to compare the purchasing power of the different countries where it is sold, French Polynesia is ranked as the 3rd most expensive country, behind Switzerland and Sweden with a USD $4.00burger.

As of today Big Mac (a la carte) in the Philippines has a price of Php 136.00, that is $2.63.

The Big Mac Index measures the cost of a Big Mac in different countries and indicates the difference in purchasing power parity between them. It has become accepted as a fairly reliable currency parity indicator for developed, developing, and non-developed countries (as long as Big Macs are sold there). Economist.

Between 1860 and 1930, exploitation of the rich land of the pampas strongly pushed economic growth. During the first three decades of the 20th century, Argentina outgrew Canada and Australia in population, total income, and per capita income. By 1913, Argentina was among the world's ten wealthiest states per capita.

Was Argentina the fifth richest nation in the world in 1913? ›

Between 1860 and 1930, it became an economic powerhouse; in 1913, Argentina was one of the ten wealthiest countries per capita in the world, ahead of France, Germany, and Italy.