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in 1986 the magazine "the economist" created a tongue in check index
the big Mac index , it compared the price of a big mac in various countries versus their exchange rate
the big mac is a very calibrated product , identical worldwide , its basic components are freely traded on the world market
the only variables being the cost of labor , local taxes and various "cost of doing business
I've introduced the local price price of one liter of gasoline .
I'm not too sure what it all means , exect that the US win hands down on the gas to grease ratio
Price in US Dollar for one big mac and one liter
sources , both for jully 2016
http://www.globalpetrolprices.com/gasoline_prices/
http://www.economist.com/content/big-mac-index
$/Ltr bigmac
Hong Kong 1.83... 2.48
Norway 1.72... 5.51
Neederland 1.63... 3.80
Italy 1.61... 4.62
Israel 1.59... 4.38
Denmark 1.58... 4.44
Greece 1.56... 3.69
Finland 1.53... 5.06
Sweden 1.52... 5.23
Portugal 1.51... 3.36
Germany 1.45... 4.17
Britain 1.46... 3.94
Swisterland 1.46... 6.59
France 1.43... 4.31
Belgium 1.41... 4.35
Turkey 1.41... 3.35
N. Zealand 1.35... 4.22
Singapore 1.34... 4.01
Spain 1.26... 3.85
S. Korea 1.26... 3.86
Czech rep. 1.21... 3.06
Estonia 1.17... 3.41
Hungary 1.16... 3.15
Argentina 1.16... 3.35
Japan 1.12... 3.47
Brazil 1.12... 4.78
Poland 1.11... 2.42
China 0.96... 2.79
India 0.96... 2.41
Australia 0.94... 4.30
South Africa 0.91... 2.10
Thailand 0.89... 3.40
Canada 0.88... 4.60
Taiwan 0.76... 2.15
USA 0.66... 5.04
Saudi Arabia 0.24... 3.20