Big Mac index - global prices for a Big Mac 2019
The statistic depicts the so-called Big Mac index in 2019. The index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Switzerland was 6.62 U.S. dollars in January 2019.
Big Mac Index
The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power.
As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.
The Big Mac, as a top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. Its global revenue amounted to about 21.03 billion U.S. dollars in 2018. Most McDonald restaurants are spread across the United States.
Big Mac Index
The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power.
As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.
The Big Mac, as a top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. Its global revenue amounted to about 21.03 billion U.S. dollars in 2018. Most McDonald restaurants are spread across the United States.
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Big Mac index - global prices for a Big Mac in January 2019, by country (in U.S. dollars)*
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The Economist. (January 10, 2019). Big Mac index - global prices for a Big Mac in January 2019, by country (in U.S. dollars)* [Graph]. In Statista. Retrieved October 22, 2019, from https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/
The Economist. "Big Mac index - global prices for a Big Mac in January 2019, by country (in U.S. dollars)*." Chart. January 10, 2019. Statista. Accessed October 22, 2019. https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/
The Economist. (2019). Big Mac index - global prices for a Big Mac in January 2019, by country (in U.S. dollars)*. Statista. Statista Inc.. Accessed: October 22, 2019. https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/
The Economist. "Big Mac Index - Global Prices for a Big Mac in January 2019, by Country (in U.S. Dollars)*." Statista, Statista Inc., 10 Jan 2019, https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/
The Economist, Big Mac index - global prices for a Big Mac in January 2019, by country (in U.S. dollars)* Statista, https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/ (last visited October 22, 2019)