Venezuela

Compared with Japan, using real observed prices.

Baseline: Japan = 1×

Venezuela vs

Japan

Overall verdict

Venezuela is about 0.17× Japan.

Average across 3 categories, 4 items with data

The shape of prices (vs Japan = 1×)

How to read this

The centre line is Japan. 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

Japan Japan = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×1.34
⚡ 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 1.3× what it does in Japan — 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 ×1.34

Venezuela ¥641 VES 1,370

Japan ¥480 JPY 480

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

Venezuela ¥11 USD 0.069

Japan ¥36 USD 0.227

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

Venezuela ¥6 USD 0.035

Japan ¥169 USD 1.041

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

Venezuela ¥1 USD 0.004

Japan ¥159 USD 0.976

Observed 2026-07-20 · GlobalPetrolPrices.com