Mac-Mac Index

Big Mac Index (The Economist) illustrates the purchasing power of USD in various countries by indexing how much a Big Mac burger costs in their local currencies.

This Mac ’N’ Mac Index combines the findings of the original Big Mac Index and visualises them alongside the price of an iPhone in each country. The index covers the OECD countries that have an iPhone Xr listed on their official Apple store as of writing.

Perhaps unsurprisingly, the countries in the Northern Europe and North America rank the highest in the Big Mac price index.

And the country with the lowest Big Mac price, Turkey also had the highest iPhone price. Cheap burgers but expensive smart phones. This is a tricky trade off…

Tldr — Methodologies

-Big Mac Index is expressed in USD. The values were taken from Statista summary page based on Jan 2019 index.

Source: Big Mac Index, Statista https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/

-Original Big Mac Index can be found in The Economist. (Paywall)

Source: The Economist https://www.economist.com/news/2019/07/10/the-big-mac-index

-The price of the iphone Xr was taken from the official Apple store in each region. In order to ensure a fair comparison, prices from third-party distributors were not used. The country listing and the prices are true as of October 2019.

Source: Apple https://www.apple.com/choose-country-region/

-The prices in local currencies are converted into USD using XE.com exchange rate. The exchange rate is true as of Oct 11th, 2019.

Source XE.com https://www.xe.com/