The Big Mac Index
25 Jul 2010Asia remains the cheapest place to enjoy a burger. China’s recent decision to increase the “flexibility” of the yuan has not made much difference yet. A Big Mac costs $1.95 in China at current exchange rates, against $3.73 in America. […] In other words the yuan is undervalued by 48%.
Comment Form
What is Chart Porn?
An addictive collection of beautiful charts, graphs, maps, and interactive data visualization toys -- on topics from around the world.
Categories
- Bailout (118)
- Chartporn Related (3)
- Commentary (21)
- Culture (669)
- Emerging Markets (66)
- Employment (245)
- Environment/weather (133)
- Finance (298)
- Food (92)
- Global Economy (373)
- Graphic Design (bad) (26)
- Graphic Design (general) (183)
- Graphic Tools (23)
- History (158)
- Housing (162)
- Humor (204)
- Innovative (183)
- Interactive (545)
- Internet/tech (96)
- Maps (577)
- News Media (34)
- Politics (329)
- Reference (97)
- Science (331)
- Source: Economist (101)
- Source: FT (92)
- Source: NYT (147)
- Source: Ritholtz (76)
- Source: USA Today (27)
- Source: Washington Post (90)
- Source: WSJ (135)
- Sports (58)
- Stock Market (74)
- Uncategorized (2)
- Updated regularly (76)
- US Economy (553)
- Video (22)
- J S: Thanks for the great story. Miss reading this blog. Hope to see you more active again. [...]
- jake: I lived in a DC row house for 6 years, and I'm writing this comment from my tiny 1 bedroom apartment [...]
- ronny pettersen: Hilarious and unfortunately accurate... ;-) [...]
- Jeremy: The screen usually gets larger for every phone, even though the size of the device itself follows th [...]
- noah g: I would like to use the graph for a debate, may I have the source you used to get it because i feel [...]
1 Response to The Big Mac Index
NineOneFour
July 25th, 2010 at 12:03 pm
Not a hugely effective measurement. Supply and demand come into view as well. How many steers for burgers are there in Norway or Denmark? I’d guess pretty few. Is a Big Mac considered a slightly upscale blue-collar meal as it is in the US in Argentina, Hong Kong, Switzerland? I’d guess no.
A better solution is to find out what is the local major food snack and compare those prices. In other words, how much does Smorrebord cost in Denmark, how much does fish and chips cost in the UK, etc.