Venezuela

Compared with Norway, using real observed prices.

Baseline: Norway = 1×

Venezuela vs

Norway

Overall verdict

Venezuela is about 0.11× Norway.

Average across 3 categories, 4 items with data

The shape of prices (vs Norway = 1×)

How to read this

The centre line is Norway. 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

Norway Norway = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.54
⚡ Utilities 1 item

×0.42
⛽ Transport 2 items

×0.01

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

In Venezuela, Big Mac costs 0.5× what it does in Norway — 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 ×0.54

Venezuela NOK 40.90 VES 1,370

Norway NOK 76.00 NOK 76

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.42

Venezuela NOK 0.67 USD 0.069

Norway NOK 1.59 USD 0.165

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

Venezuela NOK 0.35 USD 0.035

Norway NOK 22.94 USD 2.308

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

Venezuela NOK 0.04 USD 0.004

Norway NOK 22.13 USD 2.227

Observed 2026-07-20 · GlobalPetrolPrices.com