Iceland
Compared with Venezuela, using real observed prices.
Baseline: 
Venezuela = 1×
Iceland
vs
Venezuela
Overall verdict
Iceland is about 19.87× Venezuela.
Average across 2 categories, 3 items with data
The shape of prices (vs Venezuela = 1×)
How to read this
The centre line is Venezuela. A bar running right means Iceland is pricier; running left means cheaper. The thin bar behind shows the range from the cheapest to the priciest item in that category.
← Cheaper than Venezuela
Venezuela = 1×
Iceland is pricier →
Venezuela
Venezuela = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Diesel 1L costs 469.5× what it does in Venezuela — but Electricity 1kWh (household) costs only 2.6×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Diesel 1L 1 L ×469.50Iceland
VES 636.13
USD 1.878Venezuela
VES 1.35
USD 0.004
-
Gasoline 1L 1 L ×49.34Iceland
VES 584.98
USD 1.727Venezuela
VES 11.86
USD 0.035
-
Electricity 1kWh (household) 1 kWh ×2.59Iceland
VES 60.63
USD 0.179Venezuela
VES 23.37
USD 0.069
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