Colombia Big Mac Price Analysis: Moderately Priced Worldwide at $5.17
Colombia's Big Mac is currently priced at $5.17, making it moderately priced globally and ranking #40 worldwide. The price trend is rising, reflecting overvalued currency conditions relative to purchasing power parity.
Key Insights
- Current price of $5.17 ranks Colombia #40 globally
- Among the most expensive markets, reflecting high living standards and strong currency
- PPP-adjusted value suggests the currency is overvalued by approximately 19.1%
- Price has increased by 5.5% compared to previous period
Economic Analysis
The Big Mac price in Colombia of $5.17 reflects the country's economic position and currency strength. This pricing places Colombia in the expensive category when compared to global markets, indicating premium market conditions with higher operational costs.
From a purchasing power parity perspective, the overvalued nature of Colombia's currency suggests strong economic fundamentals but higher costs for international travelers. The PPP-adjusted price of $4.19 provides insight into the real value of money in the local economy.
Economic Context
The Big Mac price in Colombia serves as an economic indicator reflecting several factors: local labor costs, ingredient pricing, real estate expenses, and currency valuation. The overvalued nature of the local currency relative to the US dollar suggests strong economic fundamentals but higher costs for international business. For consumers and travelers, this translates to premium pricing that reflects the market's economic development level.
