The GDP-adjusted index addresses the criticism that you would expect average burger prices to be cheaper in poor countries than in rich ones because labour costs are lower. PPP signals where exchange rates should be heading in the long run, as a country like China gets richer, but it says little about today's equilibrium rate.
The relationship between prices and GDP per person may be a better guide to the current fair value of a currency. You can also download the data or read the methodology behind the Big Mac index here. We hope you like the improvements we have made to this tool. Please take this short survey and let us know what you think. Correction January 18th Join them. Subscribe to The Economist today. Media Audio edition Economist Films Podcasts.
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Publication Finder Find studies from all around the internet. The Statistics Portal. The statistic depicts the so-called Big Mac index in The Big Max index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Switzerland was 6.