Venezuela Big Mac Price Analysis: Moderately Priced Worldwide at $4.45
Venezuela's Big Mac is currently priced at $4.45, making it budget-friendly globally and ranking #26 worldwide. The price trend is declining, reflecting overvalued currency conditions relative to purchasing power parity.
Key Insights
- Current price of $4.45 ranks Venezuela #26 globally
- PPP-adjusted value suggests the currency is overvalued by approximately 100.0%
- Price has decreased by 10.3% compared to previous period
Economic Analysis
The Big Mac price in Venezuela of $4.45 reflects the country's economic position and currency strength. This pricing places Venezuela in the average category when compared to global markets, indicating favorable conditions for consumers and tourists.
From a purchasing power parity perspective, the overvalued nature of Venezuela's currency suggests strong economic fundamentals but higher costs for international travelers. The PPP-adjusted price of $0.00 provides insight into the real value of money in the local economy.
Economic Context
The Big Mac price in Venezuela 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 excellent purchasing power and value for money.
