How much is a big mac uk 2014

Burgernomics: Which country has the cheapest Big Mac?

Using the adjusted index, the Hong Kong dollar is undervalued by 47 per cent, while India at 45 per cent. The index is not without its limitations and has attracted some criticism, as the authors themselves acknowledge. The price of a Big Mac in each country are distorted by a range of factors, including a variation of taxation levels, labour costs and the cost of non-tradable inputs such as rents across the different nations.

The latest version has been adjusted to tackle the problem that you would expect average burger prices to be cheaper in poor countries than in rich ones because labour costs are lower.

McDonald’s Double Big Mac UK

The interactive version is on The Economist website here. Terms and Conditions.

Style Book. Weather Forecast. Accessibility links Skip to article Skip to navigation. So what happens if we convert that dollar to Chinese Yuan?

McDonalds Double Big Mac UK

We end up with This means that the dollar is a stronger currency. As a side note, China is notorious for keeping the value of their currency low in order to encourage exports and this is a a mini example of how that makes sense. Someone in the United States could take their dollars and instead of getting a single Big Mac, buy 1. In effect, export 1. After the conversion we will have pesos which is only enough to buy. The way the Economist phrases it is a little bit confusing.

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Accessibility links Skip to article Skip to navigation. Friday 15 February Related Articles.

Burgers aren't just for eating. They can also tell you a lot about the economy.

Its bestselling item is not the Big Mac. In the UK it is medium fries. Food and Drink. Related Partners. In Food and Drink. Read more from Telegraph Food.

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