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Switzerland has world's most expensive Big Macs

Staff Writer |
Sweden has the world's third most expensive Big Macs, behind only Switzerland and Norway, the Economist reported.

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Sweden boasts the EU's priciest Big Mac, with the burger now costing $5.26 (48 kronor), according to the Economist's raw Big Mac Index.

That means it costs four percent more than it would in a McDonald's restaurant in the U.S.

In Switzerland a Big Mac costs $6.35, and in Norway $5.67.

The Big Mac Index was launched in 1986 as a lighthearted way of working out whether a country's currency is overvalued or undervalued, based on the theory of purchasing-power parity.

The Economist last week also presented another version of the index, adjusted for the relationship between prices and GDP per person, taking into account that prices are higher in for example Sweden, but so are wages.

According to this version, Sweden still tops the list in the EU with its Big Macs overvalued by 9.4 percent against the dollar, but falls behind Brazil, Pakistan, Thailand, Colombia, Chile and Peru.

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