Venezuela

Compared with Philippines, using real observed prices.

Baseline: Philippines = 1×

Venezuela vs

Philippines

Overall verdict

Venezuela is about 0.16× Philippines.

Average across 3 categories, 4 items with data

The shape of prices (vs Philippines = 1×)

How to read this

The centre line is Philippines. 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

Philippines Philippines = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×1.42
⚡ 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 1.4× what it does in Philippines — 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 ×1.42

Venezuela ₱240.55 VES 1,370

Philippines ₱169.00 PHP 169

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

Venezuela ₱4.15 USD 0.069

Philippines ₱12.58 USD 0.209

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

Venezuela ₱2.16 USD 0.035

Philippines ₱81.49 USD 1.322

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

Venezuela ₱0.25 USD 0.004

Philippines ₱77.73 USD 1.261

Observed 2026-07-20 · GlobalPetrolPrices.com