Indonesia, Ukraine, Malaysia, and South Africa follow India in the cheapest Big Mac price. You will get almost 5 Big Mac’s in India for the price of one Big Mac in Norway. While a Big Mac costs $7.80 in Norway, you can get a Big Mac for $1.62 in India, the huge price difference is as much as $6.18. 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 equalize the prices of an identical basket of goods and services (in this case, a burger) in any two countries.”
The Economist recently published the results of “Big Mac Index” which is, “a lighthearted guide to whether currencies are at their ‘correct’ level. Norway is returning to the top spot, after Switzerland was briefly number one. Venezuela and Switzerland follow Norway with second and third place on the list. And its done as a video so it ends and greys out and vomits a bunch of replay UI over the text making it impossible to see the last slide. According to the report The Economist recently released, Norway is on the top of the Big Mac Index. Also, big macs in Australia were not 1.54 in 2000. The possibility to buy a Big Mac wherever you are is high, but the price difference is larger than you think. We might arrive at the conclusion that the Norwegian krone is overvalued. Not surprisingly, the most expensive hamburgers in the world are sold in Norway where in July 2013 they cost 64.7 more than in the US. If you consider that a standard Big Mac weighs 225 grammes, then there are approximatively 578 calories into a Big Mac. It has been estimated that the energy value of a Big Mac is about 257 calories per 100 grammes. With over 34, 000 restaurants around the world, you can find McDonald’s everywhere. One interesting tool to compare price levels across countries is the Big Mac index which was developed by The Economist in 1986. That is why one may wonder how much calories are in a Big Mac.
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