• Big Mac index worldwide 2020 | Statista

Big Mac index - global prices for a Big Mac 2020

Published by Erin Duffin,
The statistic depicts the Big Mac index in 2020. 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 6.71 U.S. dollars in January 2020.

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 - global prices for a Big Mac in January 2020, by country (in U.S. dollars)*

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Sources

Release date

January 2020

Region

Worldwide

Survey time period

January 2020

Supplementary notes

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 he exists worldwide in standard size, composition and quality.

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