Last updated August 15, 2025
| 1 |  | Switzerland | 49.6% |
| 2 |  | Uruguay | 29.6% |
| 3 |  | Norway | 22.1% |
| 4 |  | Sweden | 21.8% |
| 5 |  | Denmark | 16.6% |
| 6 |  | United Kingdom | 13.5% |
| 7 |  | United States | 0.0% |
| 8 |  | Costa Rica | -1.0% |
| 9 |  | Israel | -1.1% |
| 10 |  | Poland | -3.4% |
| 11 |  | Colombia | -5.2% |
| 12 |  | Turkey | -6.9% |
| 13 |  | Canada | -9.0% |
| 14 |  | Singapore | -10.0% |
| 15 |  | Lebanon | -10.8% |
| 16 |  | Mexico | -12.2% |
| 17 |  | Australia | -13.2% |
| 18 |  | United Arab Emirates | -13.9% |
| 19 |  | Argentina | -14.6% |
| 19 |  | Czech Republic | -14.6% |
| 21 |  | New Zealand | -14.8% |
| 22 |  | Saudi Arabia | -15.7% |
| 23 |  | Bahrain | -20.6% |
| 24 |  | Peru | -21.2% |
| 25 |  | Qatar | -22.3% |
| 26 |  | Chile | -22.6% |
| 27 |  | Nicaragua | -23.2% |
| 28 |  | Kuwait | -23.8% |
| 29 |  | Hungary | -25.7% |
| 30 |  | Brazil | -28.4% |
| 31 |  | Honduras | -29.0% |
| 32 |  | Venezuela | -30.0% |
| 33 |  | Thailand | -30.7% |
| 34 |  | Moldova | -30.8% |
| 35 |  | Guatemala | -32.7% |
| 36 |  | South Korea | -33.7% |
| 37 |  | Oman | -34.0% |
| 38 |  | Romania | -35.5% |
| 39 |  | Azerbaijan | -36.8% |
| 40 |  | Pakistan | -36.9% |
| 41 |  | China | -40.9% |
| 42 |  | Jordan | -41.3% |
| 43 |  | Japan | -46.3% |
| 44 |  | Malaysia | -46.9% |
| 45 |  | Hong Kong | -47.0% |
| 46 |  | Ukraine | -47.5% |
| 47 |  | South Africa | -49.8% |
| 48 |  | Philippines | -50.4% |
| 49 |  | Vietnam | -51.6% |
| 50 |  | Taiwan | -55.7% |
| 51 |  | India | -56.2% |
| 52 |  | Indonesia | -57.0% |
| 53 |  | Egypt | -57.9% |
The Big Mac Index compares Big Mac prices around the world as a way to measure how much products are sold at different prices in different countries due to market exchange rates. It sets the US as the baseline (0.0%). The index is based on the theory of purchasing-power parity (PPP) and has been published since 1996 by The Economist.
The Big Mac Index is an easy way to compare the relative value of currencies and the cost of living in different countries. In other words, it measures whether currencies are overvalued or undervalued vs. the US dollar, and uses the price of the Big Mac to do so. McDonald’s Big Mac serves as a comparison product because it is sold in similar forms around the world, with similar ingredients (bread, cheese, lettuce, meat, onion, pickles, and sauce), and requires a similar production process.
Our data is based on the 2025 information provided by The Economist.
Only 7 countries have overvalued Big Mac prices. Switzerland ranks 1st at the Big Mac Index, with 49.6% overvaluation. Uruguay places 2nd, and it is the only country outside Europe in the overvalued list with 29.6%. Norway ranks 3rd at 22.1%, followed by Sweden (21.8%), Denmark (16.6%), and the United Kingdom (13.5%).
| Country | Overvaluation |
|---|---|
| Switzerland | +49.6% |
| Uruguay | +29.6% |
| Norway | +22.1% |
| Sweden | +21.8% |
| Denmark | +16.6% |
| United Kingdom | +13.5% |
Egypt has the lowest Big Mac price with a -57.9% undervaluation. Indonesia ranks 2nd with -57%. India places 3rd with Big Mac costing -56.2% less. Other countries with a relatively low Big Mac are Taiwan (-46.3%), Vietnam (-51.6%), the Philippines (-50.4%), and South Africa (-49.8%). Ukraine is the only country in Europe in the bottom 10 list with an undervaluation of -47.5%. Malaysia ranks 9th at -46.9% and Japan completes the bottom 10 Big Mac prices with -46.3% undervaluation.
| Country | Undervaluation |
|---|---|
| Egypt | -57.9% |
| Indonesia | -57.0% |
| India | -56.2% |
| Taiwan | -46.3% |
| Vietnam | -51.6% |
| Philippines | -50.4% |
| South Africa | -49.8% |
| Ukraine | -47.5% |
| Malaysia | -46.9% |
| Japan | -46.3% |
