Venezuela

Compared with Iceland, using real observed prices.

Baseline: Iceland = 1×

Venezuela vs

Iceland

Overall verdict

Venezuela is about 0.05× Iceland.

Average across 2 categories, 4 items with data

The shape of prices (vs Iceland = 1×)

How to read this

The centre line is Iceland. 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

Iceland Iceland = 1×

Venezuela is pricier →

⚡ Utilities 1 item

×0.39
⛽ Transport 2 items

×0.01

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

In Venezuela, Electricity 1kWh (household) costs 0.4× what it does in Iceland — but Diesel 1L costs only 0.0×. What is expensive here is energy, not the goods that carry a world price.

Real prices. Real sources. Real dates.

Electricity 1kWh (household) 1 kWh ×0.39

Venezuela ISK 9 USD 0.069

Iceland ISK 22 USD 0.179

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

Venezuela ISK 4 USD 0.035

Iceland ISK 218 USD 1.727

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

Venezuela ISK 1 USD 0.004

Iceland ISK 237 USD 1.878

Observed 2026-07-20 · GlobalPetrolPrices.com