Venezuela

Compared with Peru, using real observed prices.

Baseline: Peru = 1×

Venezuela vs

Peru

Overall verdict

Venezuela is about 0.13× Peru.

Average across 3 categories, 4 items with data

The shape of prices (vs Peru = 1×)

How to read this

The centre line is Peru. 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

Peru Peru = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.80
⚡ Utilities 1 item

×0.37
⛽ 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 Peru — 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 ×0.80

Venezuela PEN 13.59 VES 1,370

Peru PEN 16.90 PEN 16.9

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.37

Venezuela PEN 0.23 USD 0.069

Peru PEN 0.62 USD 0.186

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

Venezuela PEN 0.12 USD 0.035

Peru PEN 5.29 USD 1.575

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

Venezuela PEN 0.01 USD 0.004

Peru PEN 5.52 USD 1.644

Observed 2026-07-20 · GlobalPetrolPrices.com