Singapore

Compared with Venezuela, using real observed prices.

Baseline: Venezuela = 1×

Singapore vs

Venezuela

Overall verdict

Singapore is about 10.09× Venezuela.

Average across 3 categories, 7 items with data

The shape of prices (vs Venezuela = 1×)

How to read this

The centre line is Venezuela. A bar running right means Singapore 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×

Singapore is pricier →

⛽ Transport 2 items

×212.52
⚡ Utilities 1 item

×3.38
🍔 Food & Dining 1 item

×1.43

Thin bar shows the range (cheapest to priciest item in the category)

In Singapore, Diesel 1L costs 680.5× what it does in Venezuela — but Big Mac costs only 1.4×. What is expensive here is energy, not the goods that carry a world price.

Real prices. Real sources. Real dates.

Diesel 1L 1 L ×680.50

Singapore VES 922.01 USD 2.722

Venezuela VES 1.35 USD 0.004

Observed 2026-07-20 · GlobalPetrolPrices.com
Gasoline 1L 1 L ×66.37

Singapore VES 786.86 USD 2.323

Venezuela VES 11.86 USD 0.035

Observed 2026-07-20 · GlobalPetrolPrices.com
Electricity 1kWh (household) 1 kWh ×3.38

Singapore VES 78.92 USD 0.233

Venezuela VES 23.37 USD 0.069

Observed 2026-04-01 · GlobalPetrolPrices.com
Big Mac 1 burger ×1.43

Singapore VES 1,959 SGD 7.45

Venezuela VES 1,370 VES 1,370

Observed 2026-01-01 · The Economist Big Mac Index