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)
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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OECD. (December 1, 2023). Price level index of selected countries worldwide in 2022 (OECD=100) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/426431/price-level-index-comparison-imf-and-world-bank-by-country/
OECD. "Price level index of selected countries worldwide in 2022 (OECD=100)." Chart. December 1, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/426431/price-level-index-comparison-imf-and-world-bank-by-country/
OECD. (2023). Price level index of selected countries worldwide in 2022 (OECD=100). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/426431/price-level-index-comparison-imf-and-world-bank-by-country/
OECD. "Price Level Index of Selected Countries Worldwide in 2022 (Oecd=100)." Statista, Statista Inc., 1 Dec 2023, https://www.statista.com/statistics/426431/price-level-index-comparison-imf-and-world-bank-by-country/
OECD, Price level index of selected countries worldwide in 2022 (OECD=100) Statista, https://www.statista.com/statistics/426431/price-level-index-comparison-imf-and-world-bank-by-country/ (last visited November 21, 2024)
Price level index of selected countries worldwide in 2022 (OECD=100) [Graph], OECD, December 1, 2023. [Online]. Available: https://www.statista.com/statistics/426431/price-level-index-comparison-imf-and-world-bank-by-country/
