Venezuela

Compared with Colombia, using real observed prices.

Baseline: Colombia = 1×

Venezuela vs

Colombia

Overall verdict

Venezuela is about 0.13× Colombia.

Average across 3 categories, 4 items with data

The shape of prices (vs Colombia = 1×)

How to read this

The centre line is Colombia. 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

Colombia Colombia = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.65
⚡ Utilities 1 item

×0.33
⛽ 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 Colombia — 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 ×0.65

Venezuela COP 14,911 VES 1,370

Colombia COP 22,900 COP 22,900

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.33

Venezuela COP 254 USD 0.069

Colombia COP 763 USD 0.207

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

Venezuela COP 129 USD 0.035

Colombia COP 4,737 USD 1.285

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

Venezuela COP 15 USD 0.004

Colombia COP 3,373 USD 0.915

Observed 2026-07-20 · GlobalPetrolPrices.com