Venezuela

Compared with New Zealand, using real observed prices.

Baseline: New Zealand = 1×

Venezuela vs

New Zealand

Overall verdict

Venezuela is about 0.13× New Zealand.

Average across 3 categories, 4 items with data

The shape of prices (vs New Zealand = 1×)

How to read this

The centre line is New Zealand. 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

New Zealand New Zealand = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.82
⚡ 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 0.8× what it does in New Zealand — 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 ×0.82

Venezuela NZD 7.04 VES 1,370

New Zealand NZD 8.60 NZD 8.6

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

Venezuela NZD 0.12 USD 0.069

New Zealand NZD 0.37 USD 0.212

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

Venezuela NZD 0.06 USD 0.035

New Zealand NZD 3.17 USD 1.797

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

Venezuela NZD 0.01 USD 0.004

New Zealand NZD 2.49 USD 1.415

Observed 2026-07-20 · GlobalPetrolPrices.com