Venezuela

Compared with Singapore, using real observed prices.

Baseline: Singapore = 1×

Venezuela vs

Singapore

Overall verdict

Venezuela is about 0.10× Singapore.

Average across 3 categories, 4 items with data

The shape of prices (vs Singapore = 1×)

How to read this

The centre line is Singapore. 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

Singapore Singapore = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.70
⚡ Utilities 1 item

×0.30
⛽ Transport 2 items

×0.00

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

In Venezuela, Big Mac costs 0.7× what it does in Singapore — 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 ×0.70

Venezuela S$5.21 VES 1,370

Singapore S$7.45 SGD 7.45

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.30

Venezuela S$0.09 USD 0.069

Singapore S$0.30 USD 0.233

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

Venezuela S$0.05 USD 0.035

Singapore S$3.01 USD 2.323

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

Venezuela S$0.01 USD 0.004

Singapore S$3.53 USD 2.722

Observed 2026-07-20 · GlobalPetrolPrices.com