Philippines Big Mac Price Analysis: Budget-Friendly Worldwide at $2.89
Philippines's Big Mac is currently priced at $2.89, making it exceptionally affordable globally and ranking #7 worldwide. The price trend is rising, reflecting undervalued currency conditions relative to purchasing power parity.
Key Insights
- Current price of $2.89 ranks Philippines #7 globally
- Among the cheapest Big Mac prices worldwide, excellent value for travelers
- PPP-adjusted value suggests the currency is undervalued by approximately 44.5%
- Price has increased by 1.1% compared to previous period
Economic Analysis
The Big Mac price in Philippines of $2.89 reflects the country's economic position and currency strength. This pricing places Philippines in the cheapest category when compared to global markets, indicating favorable conditions for consumers and tourists.
From a purchasing power parity perspective, the undervalued nature of Philippines's currency suggests potential for future appreciation and excellent value for foreign visitors. The PPP-adjusted price of $4.18 provides insight into the real value of money in the local economy.
Economic Context
The Big Mac price in Philippines serves as an economic indicator reflecting several factors: local labor costs, ingredient pricing, real estate expenses, and currency valuation. The undervalued nature of the local currency relative to the US dollar suggests potential investment opportunities and favorable exchange rates for foreign investment. For consumers and travelers, this translates to excellent purchasing power and value for money.
