Venezuela

Compared with Sweden, using real observed prices.

Baseline: Sweden = 1×

Venezuela vs

Sweden

Overall verdict

Venezuela is about 0.10× Sweden.

Average across 3 categories, 4 items with data

The shape of prices (vs Sweden = 1×)

How to read this

The centre line is Sweden. 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

Sweden Sweden = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.56
⚡ Utilities 1 item

×0.28
⛽ Transport 2 items

×0.01

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

In Venezuela, Big Mac costs 0.6× what it does in Sweden — 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 ×0.56

Venezuela SEK 37.33 VES 1,370

Sweden SEK 67.00 SEK 67

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.28

Venezuela SEK 0.65 USD 0.069

Sweden SEK 2.28 USD 0.243

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

Venezuela SEK 0.34 USD 0.035

Sweden SEK 16.26 USD 1.668

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

Venezuela SEK 0.04 USD 0.004

Sweden SEK 19.57 USD 2.008

Observed 2026-07-20 · GlobalPetrolPrices.com