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Latin America: Big Mac index in Colombia 2019
Prices for a Big Mac in Colombia from 2010 to 2019 (in U.S. dollars)
by Stéphanie Chevalier,
last edited
Jul 5, 2019
The statistic depicts the prices for a Big Mac in Colombia from 2010 to 2019. The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Colombia was estimated at 3.73 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 the 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. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.
Prices for a Big Mac in Colombia from 2010 to 2019 (in U.S. dollars)
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by Stéphanie Chevalier,
last edited
Jul 5, 2019
The statistic depicts the prices for a Big Mac in Colombia from 2010 to 2019. The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Colombia was estimated at 3.73 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 the 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. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.
- Show sources information
- Show publisher information
- Release date
- January 2019
- Region
- Colombia, Central and South America
- Survey time period
- 2010 to 2019*
- Supplementary notes
-
* As of January of each year, except from 2011 (price as of July).
The Big Mac index is a way of measuring Purchasing Power Parity (PPP) between different countries. By diverting the average national Big Mac prices to U.S. dollars, the same goods can be informally compared. The Big Mac can also be a good indicator for the individual purchasing power of an economy since it exists worldwide in standard size, composition and quality.
Values have been rounded.
Source
- Show sources information
- Show publisher information
- Release date
- January 2019
More information
- Region
- Colombia, Central and South America
- Survey time period
- 2010 to 2019*
- Supplementary notes
-
* As of January of each year, except from 2011 (price as of July).
The Big Mac index is a way of measuring Purchasing Power Parity (PPP) between different countries. By diverting the average national Big Mac prices to U.S. dollars, the same goods can be informally compared. The Big Mac can also be a good indicator for the individual purchasing power of an economy since it exists worldwide in standard size, composition and quality.
Values have been rounded.
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Prices do not include sales tax.
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Statistics on "Quick service restaurant brands: McDonald's"
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- Brand value of the 10 most valuable fast food brands worldwide in 2019 (in million U.S. dollars)Most valuable fast food brands worldwide in 2019
- McDonald's global brand value from 2006 to 2019 (in billion U.S. dollars)McDonald's: brand value 2006-2019
- Leading chain restaurants in the United States in 2018, by sales (in billion U.S. dollars)Sales of the leading chain restaurants in the U.S. in 2018
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- Leading quick-service restaurant (QSR) chains in the United States in 2018, by sales per unit (in million U.S. dollars)Leading quick-service restaurant chains in the U.S. in 2018, by sales per unit
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- American customer satisfaction index scores of McDonald's restaurants in the United States from 2000 to 2019*American customer satisfaction index: McDonald's restaurants in the U.S. 2000-2019
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Further Content: Statistics, Studies, and Topic Pages
Statistics
- Latin America: Big Mac index in Uruguay 2019
- Latin America: Big Mac index in Chile 2019
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- Latin America: Big Mac index in Peru 2019
- Latin America: Big Mac index in selected countries 2019
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- Latin America: Big Mac index in Argentina 2019
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Statistics on "Quick service restaurant brands: McDonald's"
- Brand value of the most valuable companies worldwide in 2019
- Most valuable fast food brands worldwide in 2019
- McDonald's: brand value 2006-2019
- Sales of the leading chain restaurants in the U.S. in 2018
- Leading quick-service restaurant chains in the U.S. in 2018, by systemwide sales
- Leading quick-service restaurant chains in the U.S. in 2018, by sales per unit
- Leading quick service restaurant chains in the U.S. in 2018, by number of units
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- McDonald's: ad spend 2014-2018
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- Brazil: McDonald's advertising spending 2017-2018
- Share of Americans who visited McDonald's 2018, by age
- American customer satisfaction index: limited-service restaurants U.S. 2006-2019
- American customer satisfaction index: McDonald's restaurants in the U.S. 2000-2019
- Service attributes in McDonald's drive-thrus in the U.S. as of October 2018
- Frequency of eating at McDonald's among millennials Germany 2018
- Share of consumers who eat McDonalds in Australia 2018 by generation
- Latin America: Big Mac index in Uruguay 2019
- Latin America: Big Mac index in Chile 2019
- Latin America: Big Mac index in Costa Rica 2019
- Latin America: Big Mac index in Peru 2019
- Latin America: Big Mac index in selected countries 2019
- Latin America: Big Mac index in Mexico 2019
- Latin America: Big Mac index in Argentina 2019
- Latin America: Big Mac index in Brazil 2019
- Inflation rate in Sub-Saharan Africa 2024
- Inflation rate in the Seychelles 2024
- Inflation rate in Antigua and Barbuda 2024
- Inflation rate in Samoa 2024
- Inflation rate in Saint Lucia 2024
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