Venezuela

Compared with China, using real observed prices.

Baseline: China = 1×

Venezuela vs

China

Overall verdict

Venezuela is about 0.22× China.

Average across 3 categories, 4 items with data

The shape of prices (vs China = 1×)

How to read this

The centre line is China. 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

China China = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×1.10
⚡ Utilities 1 item

×0.91
⛽ Transport 2 items

×0.01

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

In Venezuela, Big Mac costs 1.1× what it does in China — 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 ×1.10

Venezuela ¥28.16 VES 1,370

China ¥25.50 CNY 25.5

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.91

Venezuela ¥0.47 USD 0.069

China ¥0.52 USD 0.076

Observed 2026-04-01 · GlobalPetrolPrices.com
Gasoline 1L 1 L ×0.03

Venezuela ¥0.24 USD 0.035

China ¥8.01 USD 1.179

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

Venezuela ¥0.03 USD 0.004

China ¥7.10 USD 1.045

Observed 2026-07-20 · GlobalPetrolPrices.com