NOTE: All nutritional values come from the official McDonald’s website and were values for sandwiches as is. The Big Mac Jr., which is a smaller version, can cost $1 less on average, whereas the Grand Mac, a larger version that includes a one-third pound of beef, can cost $1 more than the standard Big Mac. NOTE: These prices came from the Big Mac Index found on the, an index created in 1986 as a lighthearted guide to whether currencies are at their “correct” level. Like the stock market, the Big Mac can vary in prices depending on the market conditions. Refer to our table below to see what a Big Mac may cost in that country. McDonald’s, which serves 121 countries, has varying prices in countries across the globe. It does not store any personal data.“ Big Mac_53” ( CC BY-SA 2.0) by rob_rob2001 How much does a Big Mac cost?ĭepending on the city and country you live in, the Big Mac on its own may cost around $2 to $6, but a meal can cost up to $8. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Keep in mind that this figure may vary by geographical location due to the different prices of goods and services around the world. The same burger would cost about $6 to make at home if you sum up the individual costs of the ingredients.
We’re here to help you navigate this changed world and economy.Įxcluding labor, one Big Mac costs McDonald’s about $0.77 to make in the US. These discrepancies have resulted in the creation of other similar indexes, like The Economist’s 2004 version called the Tall Latte Index, which replaced the Big Mac with a cup of Starbucks coffee as a means of comparison. What product can replace the Big Mac Index? What does the Big Mac Index really measure?Ī: The Big Mac index, also known as Big Mac PPP, is a survey done by The Economist magazine that is used to measure the purchasing power parity (PPP) between nations, using the price of a McDonald’s Big Mac as the benchmark.
The Big Mac can also be a good indicator for the individual purchasing power of an economy since it exists worldwide in a standard size, composition and quality.
Concurrently the cost of a Big Mac was 5.65 dollars in the U.S., and 5.02 U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the July 2021 Big Mac index. What is the Big Mac Index 2021?īig Mac index worldwide 2021 At 7.04 U.S. While it may not be the best burger in town, it offers reliability. McDonald’s knows that people are going to pay for a Big Mac no matter what because they’re the only ones who can offer it. McDonald’s counts on the reliability of their customers just as customers count on the reliability of the chain restaurant. The world’s cheapest Big Mac can be purchased in Lebanon, according to The Economist’s “The Big Mac index.” The index aims to highlight the purchasing power of currencies in different countries through comparison of the cost of an identical product – McDonald’s Big Mac burger. Is the Big Mac Index a good measure of PPP? Which country sells the cheapest Big Macs? Is the Big Mac index a good measure of PPP?Īlthough it appears to be in jest, the Big Mac PPP is a fairly good starting point when measuring the purchasing power between currencies. Hence, the demand for a burger is relatively less. The index’s limitations are as follows: In many countries, dining at McDonald’s is relatively expensive when compared to dining at a local restaurant. Is Big Mac index accurate?ĭespite being a reasonable real-world measurement, some economists criticize this index.