Venezuela

Compared with Taiwan, using real observed prices.

Baseline: Taiwan = 1×

Venezuela vs

Taiwan

Overall verdict

Venezuela is about 0.24× Taiwan.

Average across 3 categories, 4 items with data

The shape of prices (vs Taiwan = 1×)

How to read this

The centre line is Taiwan. 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

Taiwan Taiwan = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×1.64
⚡ Utilities 1 item

×0.70
⛽ Transport 2 items

×0.01

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

In Venezuela, Big Mac costs 1.6× what it does in Taiwan — 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 ×1.64

Venezuela NT$127.68 VES 1,370

Taiwan NT$78.00 TWD 78

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.70

Venezuela NT$2.18 USD 0.069

Taiwan NT$3.09 USD 0.098

Observed 2026-04-01 · GlobalPetrolPrices.com
Gasoline 1L 1 L ×0.04

Venezuela NT$1.10 USD 0.035

Taiwan NT$30.56 USD 0.968

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

Venezuela NT$0.13 USD 0.004

Taiwan NT$28.10 USD 0.89

Observed 2026-07-20 · GlobalPetrolPrices.com