Norway, home of the world’s priciest Big Mac
There are McDonald’s everywhere. Everywhere. With over 34,000 restaurants around the world, that means there are many different places one can go and buy a Big Mac. The Economist is reporting that Norway is the country you’ll pay the most money to get one.
The Economist just recently published the new results of their “Big Mac Index,” which is, “a lighthearted guide to whether currencies are at their ‘correct’ level. 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.”
The Local points out that with the average cost of a Big Mac in Norway being $7.80, the Scandinavian nation is returning to the top spot, after Switzerland was briefly number one. The top five most expensive places to buy the famous burger are, in order, 1) Norway, 2) Venezuela, 3) Switzerland, 4) Sweden, and 5) Brazil.
Want a cheap Big Mac? The least expensive nations to grab one are Indonesia, Ukraine, Malaysia, South Africa, and the very cheapest: India.
More info: The Economist, The Local
