South Korea

Compared with Venezuela, using real observed prices.

Baseline: Venezuela = 1×

South Korea vs

Venezuela

Overall verdict

South Korea is about 5.89× 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 South Korea 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×

South Korea is pricier →

⛽ Transport 2 items

×120.10
⚡ Utilities 1 item

×1.84
🍔 Food & Dining 1 item

×0.93

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

In South Korea, Diesel 1L costs 353.8× what it does in Venezuela — but Big Mac costs only 0.9×. What is expensive here is energy, not the goods that carry a world price.

Real prices. Real sources. Real dates.

Diesel 1L 1 L ×353.75

South Korea VES 479.30 USD 1.415

Venezuela VES 1.35 USD 0.004

Observed 2026-07-20 · GlobalPetrolPrices.com
Gasoline 1L 1 L ×40.77

South Korea VES 483.36 USD 1.427

Venezuela VES 11.86 USD 0.035

Observed 2026-07-20 · GlobalPetrolPrices.com
Electricity 1kWh (household) 1 kWh ×1.84

South Korea VES 43.02 USD 0.127

Venezuela VES 23.37 USD 0.069

Observed 2026-04-01 · GlobalPetrolPrices.com
Big Mac 1 burger ×0.93

South Korea VES 1,267 KRW 5,500

Venezuela VES 1,370 VES 1,370

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