Did you know The Economist has a Big Mac Index? Well now you do, and now you know Malaysia’s 100% beef double-patty monstrosity is, at USD2.23 (or RM7.50) one of the cheapest versions of McDonanld’s signature burger on the planet.
The cheapest Big Mac in the world can be bought in India – or as they call the burger there, the Maharaja Mac. The Indian version is made with chicken or lamb patties instead of beef, and goes for a mere USD1.54 a pop.
Other countries with cheap Big Macs include, South Africa (USD2.16), Ukraine (USD2.27) and Indonesia (USD2.23).
On the flipside, Norwegian McDonald’s restaurants charge the most for a Big Mac, with a staggering USD7.80 price tag per burger. This is followed by Venezuela (USD7.15), Switzerland (USD7.14), and Brazil (USD5.25). All these countries sell the Big Mac at a higher price than in its country of origin: in the United States, you can get a Big Mac for USD4.62.
The Economist has been publishing its Big Mac Index since 1986, using exchange rates to convert local prices to US Dollars, providing a useful measure to compare the value of different countries’ currencies.
Source: The Star Online
