Price level index by country 2022

As of 2022, Israel had the highest price level index among listed countries, amounting to 138, with 100 being the average of OECD countries. Switzerland and Iceland followed on the places behind. On the other hand, Turkey and India had the lowest price levels compared to the OECD average. This price index shows differences in price levels in different countries.
Another very popular index indicating the value of money is the Big Mac index, showing how much a Big Mac costs in different countries. This list was also topped by Switzerland in 2023.

Price level index of selected countries worldwide in 2022 (OECD=100)

Characteristic	Price level index (OECD=100)
Israel	138
Switzerland	137
Iceland	132
U.S.	125
Australia	123
New Zealand	116
Norway	115
Canada	115
Denmark	113
Luxembourg	111
Sweden	108
Finland	107
United Kingdom	105
Ireland	102
Netherlands	100
Austria	96
Germany	96
Belgium	95
Japan	92
France	92
Italy	82
South Korea	80
Spain	80
Estonia	76
China	74
Portugal	73
Slovenia	73
Slovak Republic	71
Greece	70
Czech Republic	69
Latvia	68
Costa Rica	66
Mexico	64
Lithuania	64
Chile	63
Brazil	61
Hungary	55
South Africa	53
Poland	53
Russian Federation	52
Colombia	41
Indonesia	41
India	38
Turkey	36

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Release date

December 2023

More information

Region

Worldwide

Survey time period

2022

Supplementary notes

The source adds the following information: "Comparative price level indices are the ratios of purchasing power parities to market exchange rates. At the level of GDP, comparative price levels provide a measure of the differences in the general price levels of countries."

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