Big Mac index in Chile 2024| Statista

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. In 2024, the average price for a Big Mac burger in Chile was estimated at 4.46 U.S. dollars.

Big Mac Index

The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.

The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition, and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.

Inflation in Chile

During 2022, the inflation rate of Chile was 11.25 percent, in general, price increases in the South American country remained low from 2009 to 2021. Nonetheless, with the global inflation crisis in the following years the rate increased significantly. Still, Chile remains with an inflation lower than the Latin America average. Moreover, price increases have been impacting sectors differently, in June 2023, the industry with the highest inter-annual Consumer Price Index (CPI) was alcoholic beverages and tobacco, in contrast, the communications sector recorded a slight deflation.

Prices for a Big Mac in Chile from 2010 to 2024 (in U.S. dollars)

Characteristic	Average price in U.S. dollars
2024	4.46
2023	4.75
2022	3.88
2021	4.09
2020	3.42
2019	3.89
2018	4.29
2017	3.64
2016	2.94
2015	3.35
2014	3.69
2013	4.35
2012	4.05

2.7533.253.53.7544.254.54.755

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Release date

January 2024

More information

Region

Chile, Central and South America

Survey time period

2010 to 2024*

Supplementary notes

* As of January of each year, except from 2011 (price as of July).
The Big Mac index is a way of measuring Purchasing Power Parity (PPP) between different countries. By diverting the average national Big Mac prices to U.S. dollars, the same goods can be informally compared. The Big Mac can also be a good indicator for the individual purchasing power of an economy since it exists worldwide in standard size, composition and quality.
Values have been rounded.
** Data was manually calculated by Statista with the figures provided by the source.

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