Venezuela

Compared with Nicaragua, using real observed prices.

Baseline: Nicaragua = 1×

Venezuela vs

Nicaragua

Overall verdict

Venezuela is about 0.15× Nicaragua.

Average across 3 categories, 4 items with data

The shape of prices (vs Nicaragua = 1×)

How to read this

The centre line is Nicaragua. 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

Nicaragua Nicaragua = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.85
⚡ Utilities 1 item

×0.39
⛽ Transport 2 items

×0.01

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

In Venezuela, Big Mac costs 0.9× what it does in Nicaragua — 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 ×0.85

Venezuela NIO 148.13 VES 1,370

Nicaragua NIO 174.00 NIO 174

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.39

Venezuela NIO 2.53 USD 0.069

Nicaragua NIO 6.45 USD 0.176

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

Venezuela NIO 1.28 USD 0.035

Nicaragua NIO 48.97 USD 1.337

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

Venezuela NIO 0.15 USD 0.004

Nicaragua NIO 43.18 USD 1.179

Observed 2026-07-20 · GlobalPetrolPrices.com