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The Big Mac Index
Compare Big Mac prices in 40 countries. Discover which currencies are overvalued or undervalued using purchasing power parity.
40
Countries
$1.65
Cheapest (🇳🇬)
$9.27
Most Expensive (🇮🇱)
5.6x
Price Difference
#1🇮🇱
Israel
35 ILS
$9.27
+62.9% overvalued
#2🇨🇭
Switzerland
6.7 CHF
$7.73
+35.9% overvalued
#3🇳🇴
Norway
72 NOK
$6.80
+19.5% overvalued
#4🇸🇪
Sweden
66.5 SEK
$6.15
+8.1% overvalued
#5🇩🇰
Denmark
42 DKK
$6.12
+7.6% overvalued
#6🇸🇦
Saudi Arabia
22 SAR
$5.87
+3.2% overvalued
#7🇪🇺
Euro Area
5.29 EUR
$5.82
+2.3% overvalued
#8🇦🇪
UAE
21 AED
$5.72
+0.5% overvalued
#9🇺🇸
United States
5.69 USD
$5.69
0.0% fair
PPP Implied Rate: 1.00
Actual Rate: 1.00
#10🇨🇦
Canada
7.47 CAD
$5.39
-5.3% undervalued
#11🇬🇧
United Kingdom
4.19 GBP
$5.37
-5.6% undervalued
#12🇨🇿
Czech Republic
119 CZK
$4.94
-13.2% undervalued
#13🇦🇺
Australia
7.45 AUD
$4.89
-14.1% undervalued
#14🇸🇬
Singapore
6.65 SGD
$4.87
-14.4% undervalued
#15🇵🇱
Poland
19.9 PLN
$4.81
-15.5% undervalued
#16🇲🇽
Mexico
85 MXN
$4.69
-17.6% undervalued
#17🇵🇪
Peru
17.5 PEN
$4.63
-18.6% undervalued
#18🇳🇿
New Zealand
7.8 NZD
$4.56
-19.9% undervalued
#19🇷🇴
Romania
22 RON
$4.55
-20.0% undervalued
#20🇹🇭
Thailand
158 THB
$4.44
-22.0% undervalued
#21🇭🇺
Hungary
1,640 HUF
$4.35
-23.6% undervalued
#22🇨🇴
Colombia
18,900 COP
$4.24
-25.5% undervalued
#23🇰🇷
South Korea
5,500 KRW
$4.01
-29.5% undervalued
#24🇧🇷
Brazil
22.9 BRL
$3.98
-30.1% undervalued
#25🇨🇱
Chile
3,490 CLP
$3.49
-38.7% undervalued
#26🇨🇳
China
24.4 CNY
$3.37
-40.8% undervalued
#27🇵🇰
Pakistan
950 PKR
$3.35
-41.1% undervalued
#28🇻🇳
Vietnam
85,000 VND
$3.30
-42.0% undervalued
#29🇹🇷
Turkey
110 TRY
$3.22
-43.4% undervalued
#30🇦🇷
Argentina
3,500 ARS
$3.17
-44.3% undervalued
#31🇵🇭
Philippines
178 PHP
$3.08
-45.9% undervalued
#32🇯🇵
Japan
450 JPY
$2.97
-47.8% undervalued
#33🇿🇦
South Africa
54.9 ZAR
$2.89
-49.2% undervalued
#34🇲🇾
Malaysia
13.2 MYR
$2.85
-49.9% undervalued
#35🇮🇩
Indonesia
46,000 IDR
$2.79
-51.0% undervalued
#36🇺🇦
Ukraine
115 UAH
$2.77
-51.3% undervalued
#37🇹🇼
Taiwan
84 TWD
$2.63
-53.8% undervalued
#38🇮🇳
India
199 INR
$2.36
-58.5% undervalued
#39🇪🇬
Egypt
110 EGP
$2.24
-60.6% undervalued
#40🇳🇬
Nigeria
2,750 NGN
$1.65
-71.0% undervalued
What is the Big Mac Index?
Invented by The Economist in 1986, the Big Mac Index is a lighthearted guide to whether currencies are at their "correct" level. It compares the price of a Big Mac burger across countries, converting all prices to USD. If a Big Mac costs less than $5.69 (the US price), that country's currency is considered "undervalued" against the dollar. If it costs more, it's "overvalued."