RSS   Newsletter   Contact   Advertise with us
Post Online Media
Cost of food   Big Mac Index

Switzerland has world's most expensive Big Macs

Big MacSweden has the world's third most expensive Big Macs, behind only Switzerland and Norway, the Economist reported.

Sweden boasts the EU's priciest Big Mac, with the burger now costing $5.26 (48 kronor), according to the Economist's raw Big Mac Index.

Article continues below

READ MORE Switzerland, Norway world's most expensive economies

That means it costs four percent more than it would in a McDonald's restaurant in the U.S.

In Switzerland a Big Mac costs $6.35, and in Norway $5.67.

Big MacThe Big Mac Index was launched in 1986 as a lighthearted way of working out whether a country's currency is overvalued or undervalued, based on the theory of purchasing-power parity.

The Economist last week also presented another version of the index, adjusted for the relationship between prices and GDP per person, taking into account that prices are higher in for example Sweden, but so are wages.

According to this version, Sweden still tops the list in the EU with its Big Macs overvalued by 9.4 percent against the dollar, but falls behind Brazil, Pakistan, Thailand, Colombia, Chile and Peru.




What to read next



 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy