Venezuela

Compared with Israel, using real observed prices.

Baseline: Israel = 1×

Venezuela vs

Israel

Overall verdict

Venezuela is about 0.10× Israel.

Average across 3 categories, 4 items with data

The shape of prices (vs Israel = 1×)

How to read this

The centre line is Israel. 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

Israel Israel = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.64
⚡ Utilities 1 item

×0.37
⛽ Transport 2 items

×0.00

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

In Venezuela, Big Mac costs 0.6× what it does in Israel — 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 ×0.64

Venezuela ILS 12.71 VES 1,370

Israel ILS 20.00 ILS 20

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.37

Venezuela ILS 0.22 USD 0.069

Israel ILS 0.58 USD 0.185

Observed 2026-04-01 · GlobalPetrolPrices.com
Gasoline 1L 1 L ×0.01

Venezuela ILS 0.10 USD 0.035

Israel ILS 7.55 USD 2.535

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

Venezuela ILS 0.01 USD 0.004

Israel ILS 7.17 USD 2.407

Observed 2026-07-20 · GlobalPetrolPrices.com