Venezuela

Compared with Chile, using real observed prices.

Baseline: Chile = 1×

Venezuela vs

Chile

Overall verdict

Venezuela is about 0.12× Chile.

Average across 3 categories, 4 items with data

The shape of prices (vs Chile = 1×)

How to read this

The centre line is Chile. A bar running right means Venezuela 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

Chile Chile = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.75
⚡ Utilities 1 item

×0.30
⛽ Transport 2 items

×0.01

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

In Venezuela, Big Mac costs 0.7× what it does in Chile — but Diesel 1L costs only 0.0×. What is expensive here is labour, not the goods that carry a world price.

Real prices. Real sources. Real dates.

Big Mac 1 burger ×0.75

Venezuela CLP 3,575 VES 1,370

Chile CLP 4,790 CLP 4,790

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.30

Venezuela CLP 61 USD 0.069

Chile CLP 202 USD 0.228

Observed 2026-04-01 · GlobalPetrolPrices.com
Gasoline 1L 1 L ×0.02

Venezuela CLP 31 USD 0.035

Chile CLP 1,391 USD 1.574

Observed 2026-07-20 · GlobalPetrolPrices.com
Diesel 1L 1 L ×0.00

Venezuela CLP 4 USD 0.004

Chile CLP 1,183 USD 1.339

Observed 2026-07-20 · GlobalPetrolPrices.com