The Big Mac Index, Invented By The Economist Since 1986--How much does your burger cost in Norway? $7.80

The Big Mac Index, Invented By The Economist Since 1986

How much does your burger cost in Norway? $7.80

The Economist

The Economist: "It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries."

Burgernomics

Overvalued Countries:

• Norway
• Venezuela
• Switzerland
• Sweden
• Brazil
• Denmark

Want your burger cheap?

• India
• South Africa
• Malaysia
• Ukraine
• Indonesia

India is the most undervalued, probably due to low demand of beef products.