Venezuela

Compared with Lebanon, using real observed prices.

Baseline: Lebanon = 1×

Venezuela vs

Lebanon

Overall verdict

Venezuela is about 0.09× Lebanon.

Average across 2 categories, 4 items with data

The shape of prices (vs Lebanon = 1×)

How to read this

The centre line is Lebanon. 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

Lebanon Lebanon = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.75
⛽ Transport 2 items

×0.01

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

In Venezuela, Big Mac costs 0.8× what it does in Lebanon — 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 ×0.75

Venezuela LBP 362,191 VES 1,370

Lebanon LBP 480,000 LBP 480,000

Observed 2026-01-01 · The Economist Big Mac Index
Gasoline 1L 1 L ×0.03

Venezuela LBP 3,134 USD 0.035

Lebanon LBP 106,654 USD 1.191

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

Venezuela LBP 358.20 USD 0.004

Lebanon LBP 95,371 USD 1.065

Observed 2026-07-20 · GlobalPetrolPrices.com