At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

Context

Data and methodology for the Big Mac index https://www.economist.com/news/2018/07/11/the-big-mac-index.

Updated yearly, with data from 1986 to 2019.

Content

• big-mac-raw-index.csv contains values for the “raw” index
• big-mac-adjusted-index.csv contains values for the “adjusted” index
• big-mac-full-index.csv contains both

Acknowledgements

Banner Photo by amirali mirhashemian on Unsplash

This software is published by The Economist under the MIT licence. The data generated by The Economist are available under the Creative Commons Attribution 4.0 International License.

The licences include only the data and the software authored by The Economist, and do not cover any Economist content or third-party data or content made available using the software. More information about licensing, syndication and the copyright of Economist content can be found here.

From https://github.com/TheEconomist/big-mac-data

As of January 2025, Argentina had the highest Big Mac Index and Guatemala, the lowest, among the Latin American countries measured. The so-called Big Mac Index is regarded as an indicator for the purchasing power of an economy. In Guatemala, it was estimated that a Big Mac would cost an average of 4.01 U.S. dollars, while the average price for a Big Mac burger in Brazil amounted to approximately 4.03 U.S. dollars. How is the Big Mac Index calculated?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 in Latin AmericaMcDonald’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. Brazil is the largest Latin American market for McDonald's when it comes to the size of the franchise network, as over 1,000 McDonald's restaurants are in operation in the Brazilian territory.

McDonalds reported $55M in Stock for its fiscal quarter ending in September of 2025. Data for McDonalds | MCD - Stock including historical, tables and charts were last updated by Trading Economics this last December in 2025.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Mexico was estimated at 4.6 U.S. dollars in January 2025. Due to the high increases during the last few years, the Big Mac burger price became one of the highest in Latin America. 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. Power Purchasing Parity This conversion endeavor seeks to level the purchasing power disparities among nations by neutralizing price discrepancies. Notably, in Mexico, the Purchasing Power Parity (PPP) has demonstrated a consistent upward trajectory, yielding positive repercussions on the minimum wage for the labor force. This, in turn, has triggered a favorable effect on the affordability of the essential food basket. Furthermore, this upswing has propelled five major Mexican cities into the upper positions of PPP rankings within Latin America. Consequently, Mexico now stands as the 15th largest global economy, a status achieved despite a slight, yet steady, decline in its share of the global GDP, which is adjusted according to PPP metrics.

https://www.googleapis.com/download/storage/v1/b/kaggle-user-content/o/inbox%2F16192307%2F7350eca7614f40bc01574d563fb54642%2Fmcdonalds-rusyayi-nasil-kazandi-ve-nasil-kaybetti-RW7u.jpg?generation=1708629143069211&alt=media" alt="">

McDonald’s Corporation is an American operator and franchisor of fast food restaurants represented worldwide and the biggest fast food company in the world. Founded in 1940 by Richard and Maurice MacDonald, the company has grown significantly and played a key role in shaping the fast food industry. The brand prides itself on providing consistent, fast and affordable food. According to our data, McDonald's is the 51st most valuable company in the world by market capitalization. The company posted revenue of $23.18 billion in 2022, compared to revenue of $23.22 billion in 2021.

Let's take a look at McDonald's financial data together and see if the biggest fast food player in the world is doing so well.

The data contains the following columns:

Year: Year for which the reports were provided.

Market cap: Market capitalization of McDonald. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.

Revenue: Revenue for McDonald. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.

Earnings: Earnings for McDonald. The profit shown in this column represents the company's income before taxes.

P/E ratio: P/E ratio for McDonald. The P/E (Price-to-Earnings) ratio, or price-to-earnings ratio, is one of the key indicators of stock financial analysis. It is used to evaluate the relative high or low value of a company's shares in the market.

P/S ratio: P/S ratio for McDonald. P/S (Price-to-Sales) ratio, or price to sales ratio, is another key indicator in stock financial analysis. It is also used to evaluate whether a company's shares are expensive or cheap in the market, but unlike P/E, which uses earnings, P/S uses a company's earnings.

P/B ratio: McDonald - P/B ratio. P/B (Price-to-Book) ratio, is another important indicator of a stock's financial analysis. It is used to evaluate the value of a company's shares relative to their book value, that is, the relationship between the market price of the shares and the book value (expressed as book value) of the shares. In other words, it is a way to measure what the stock market thinks a company is worth, compared to what the company says its assets are worth on paper.

Operating Margin: Operating Margin for McDonald. This is a financial indicator that allows you to evaluate the effectiveness of a company’s activities in the production process or provision of services. This metric measures the percentage of profit a company makes from sales after deducting all operating costs such as raw materials, labor, facility rent, taxes, and other variable and fixed costs.

EPS: EPS for McDonald. EPS (Earnings Per Share) is a metric that measures the net earnings per share of a company's common shareholder. It is widely used by investors and analysts to evaluate the performance of a company's stock.

Shares Outstanding: Number of shares outstanding for McDonald.

Cash on Hand: McDonald - Cash on Hand. A company’s cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

Dividend Yield: Dividend yield history for McDonald.

Dividend (stock split adjusted): Dividend history for McDonald.

Net assets: McDonald - Net assets. A company’s net assets is the sum of its assets minus the sum of its liabilities.

Total assets: McDonald - Total assets. A company’s total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.

Total debt: McDonald - Total debt. A company’s total debt is the sum of all current and non-current debts.

Total liabilities: McDonald - Total liabilities. A company’s total liabilities is the sum of all current and non-current debts and obligations.

($B) - billion dollar symbol

McDonalds reported $7.08B in Sales Revenues for its fiscal quarter ending in September of 2025. Data for McDonalds | MCD - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last December in 2025.

McDonalds stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

This data is used to reflect Consumer Price Index (CPI) of each country.

Codebook variable |definition source date |Date of observation
iso_a3 |Three-character ISO 3166-1 country code
currency_code |Three-character ISO 4217 currency code
name |Country name
local_price |Price of a Big Mac in the local currency McDonalds; The Economist dollar_ex |Local currency units per dollar Reuters dollar_price |Price of a Big Mac in dollars
USD_raw |Raw index, relative to the US dollar
EUR_raw |Raw index, relative to the Euro
GBP_raw |Raw index, relative to the British pound
JPY_raw |Raw index, relative to the Japanese yen
CNY_raw |Raw index, relative to the Chinese yuan
GDP_dollar |GDP per person, in dollars IMF adj_price |GDP-adjusted price of a Big Mac, in dollars
USD_adjusted |Adjusted index, relative to the US dollar
EUR_adjusted |Adjusted index, relative to the Euro
GBP_adjusted |Adjusted index, relative to the British pound
JPY_adjusted |Adjusted index, relative to the Japanese yen
CNY_adjusted |Adjusted index, relative to the Chinese yuan

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Uruguay was estimated at **** U.S. dollars in January 2025. In comparison to the value registered a year earlier, this represents a considerable increase. In Latin America, Uruguay had the highest price for a Big Mac in 2024. Big Mac IndexThe 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.

McDonalds reported 1.75 in Dividend Yield for its fiscal quarter ending in September of 2025. Data for McDonalds | MCD - Dividend Yield including historical, tables and charts were last updated by Trading Economics this last December in 2025.

McDonalds reported $26.13 in PE Price to Earnings for its fiscal quarter ending in September of 2025. Data for McDonalds | MCD - PE Price to Earnings including historical, tables and charts were last updated by Trading Economics this last December in 2025.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Colombia was estimated at **** U.S. dollars in January 2025. Colombia price for a Big Mac is among the four highest in Latin America. Big Mac IndexThe 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 Colombia Over the past two decades, Colombia has generally seen a decline in the inflation rate, with a small upward trend as of 2023, reaching ***** percent. However, there are forecasts indicating a steady decline in the inflation rate for the next five years. In the year 2024, the annual inflation rate has been lower compared to previous years, particularly in the sector of information and communication, which recorded a negative inflation rate of *** percent, This has placed Colombia at the fifth position among Latin American countries with the highest annual inflation rate in comparison to previous years as of 2023.

Prices for McDonalds - سعر السهم including live quotes, historical charts and news. McDonalds - سعر السهم was last updated by Trading Economics this October 23 of 2025.

McDonalds reported $2.97B in Cost of Sales for its fiscal quarter ending in September of 2025. Data for McDonalds | MCD - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last December in 2025.

The average price for a Big Mac burger in Peru was estimated at **** U.S. dollars in January 2025. The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. Buying a Big Mac in Peru is cheaper than, for instance, in neighboring Chile. Big Mac IndexThe 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 Peru After two years of hyperinflation in 1989 and 1990, the inflation rate of Peru slowed down until 2022, following the trend of the global inflation crisis. Nonetheless, the Andean country still ranks in the middle of the table of Latin American countries with the highest inflation rate during that same year and remains with significantly lower price increases than the region’s average. Some sectors are more impacted than others, the category with the highest price increases as of September 2023, were food and non-alcoholic beverages, in contrast, the housing and housing services sector presented a slight deflation during the same period.

In 2024, Brazil was the sixth Latin American country where buying a Big Mac was the most expensive. The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Brazil was estimated at **** U.S. dollars in January 2024, an increase in price in comparison to the previous year. In the past decade, the Big Mac index in Brazil went below the * dollar threshold in January 2016. Big Mac IndexThe 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.

McDonalds reported $220.98B in Market Capitalization this December of 2025, considering the latest stock price and the number of outstanding shares.Data for McDonalds | MCD - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last December in 2025.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. In Costa Rica, the average price for a Big Mac burger was estimated at *** U.S. dollars in January 2025. Costa Rica price for a Big Mac is among the highest in Latin America, only behind Uruguay and Argentina. Big Mac IndexThe Big 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 Costa Rica Costa Rica ranks in the middle table of Latin American countries with the highest inflation rates, nonetheless, in the Central American region it’s only behind Honduras. During 2022, the inflation rate of Costa Rica was ****, after many years of low rates, the global inflation crisis accelerated the price increases in the country. Some sectors were impacted more heavily than others, in June 2023, the industry with the highest Consumer Price Index (CPI) was food and non-alcoholic beverages, in contrast, the communications sector presented the lowest.

McDonalds reported $406M in Interest Expense on Debt for its fiscal quarter ending in September of 2025. Data for McDonalds | MCD - Interest Expense On Debt including historical, tables and charts were last updated by Trading Economics this last December in 2025.