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Big Mac Index

Index Big Mac Index

The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. [1]

74 relations: Africa, Argentina, Banana equivalent dose, Basket (finance), Belgium, Big Mac, Bloomberg L.P., Cairo, Canadian dollar, China, Christmas Price Index, Coffee, Creative accounting, Currency, Economist Group, Egypt, Egyptian pound, Euro, Eurozone, Exchange rate, France, Franchising, Geneva, Germany, Guillermo Moreno, Hamburger, Hindu, Iceland, IKEA, Index (economics), India, IPod, Jakarta, KFC, KFC Index, Kiev, List of humorous units of measurement, List of unusual units of measurement, Malaysian ringgit, Manila, McDonald's, McGraw-Hill Education, Mexico City, Miami, Morocco, Nairobi, New Taiwan dollar, New York City, Norwegian krone, PDF, ..., Pound sterling, Presidency of Cristina Fernández de Kirchner, Profit margin, Purchasing power parity, Recession index, Russian ruble, South Africa, South African rand, Starbucks, Swedish krona, Swiss franc, The Advertiser (Adelaide), The Economist, The Independent, The Lexus and the Olive Tree, Tokyo, UBS, Ukrainian hryvnia, United Kingdom, United States, United States dollar, Value meal, Willingness to pay, Zürich. Expand index (24 more) »

Africa

Africa is the world's second largest and second most-populous continent (behind Asia in both categories).

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Argentina

Argentina, officially the Argentine Republic (República Argentina), is a federal republic located mostly in the southern half of South America.

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Banana equivalent dose

Banana equivalent dose (BED) is an informal measurement of ionizing radiation exposure, intended as a general educational example to compare a dose of radioactivity to the dose one is exposed to by eating one average-sized banana.

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Basket (finance)

In finance, a basket is a group of several securities created for the purpose of simultaneous buying or selling.

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Belgium

Belgium, officially the Kingdom of Belgium, is a country in Western Europe bordered by France, the Netherlands, Germany and Luxembourg.

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Big Mac

The Big Mac is a hamburger sold by international fast food restaurant chain McDonald's.

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Bloomberg L.P.

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

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Cairo

Cairo (القاهرة) is the capital of Egypt.

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Canadian dollar

The Canadian dollar (symbol: $; code: CAD; dollar canadien) is the currency of Canada.

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China

China, officially the People's Republic of China (PRC), is a unitary one-party sovereign state in East Asia and the world's most populous country, with a population of around /1e9 round 3 billion.

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Christmas Price Index

The Christmas Price Index is a tongue-in-cheek economic indicator, maintained by the U.S. bank PNC Wealth Management, which tracks the cost of the items in the carol "The Twelve Days of Christmas".

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Coffee

Coffee is a brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.

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Creative accounting

Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices, but deviate from the spirit of those rules.

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Currency

A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.

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Economist Group

The Economist Newspaper Limited, trading as The Economist Group, is a British multinational media company headquartered in London and best known as publisher of The Economist.

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Egypt

Egypt (مِصر, مَصر, Khēmi), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.

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Egyptian pound

The Egyptian pound (جنيه مصرى; sign: E£, L.E. ج.م; code: EGP) is the currency of Egypt.

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Euro

The euro (sign: €; code: EUR) is the official currency of the European Union.

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Eurozone

No description.

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Exchange rate

In finance, an exchange rate is the rate at which one currency will be exchanged for another.

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France

France, officially the French Republic (République française), is a sovereign state whose territory consists of metropolitan France in Western Europe, as well as several overseas regions and territories.

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Franchising

Franchising is based on a marketing concept which can be adopted by an organisation as a strategy for business expansion.

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Geneva

Geneva (Genève, Genèva, Genf, Ginevra, Genevra) is the second-most populous city in Switzerland (after Zürich) and the most populous city of the Romandy, the French-speaking part of Switzerland.

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Germany

Germany (Deutschland), officially the Federal Republic of Germany (Bundesrepublik Deutschland), is a sovereign state in central-western Europe.

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Guillermo Moreno

Guillermo Moreno (b. Buenos Aires, October 15, 1955) is an Argentine politician.

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Hamburger

A hamburger, beefburger or burger is a sandwich consisting of one or more cooked patties of ground meat, usually beef, placed inside a sliced bread roll or bun.

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Hindu

Hindu refers to any person who regards themselves as culturally, ethnically, or religiously adhering to aspects of Hinduism.

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Iceland

Iceland is a Nordic island country in the North Atlantic, with a population of and an area of, making it the most sparsely populated country in Europe.

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IKEA

IKEA is a Swedish-founded multinational group, that designs and sells, kitchen appliances and home accessories.

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Index (economics)

In economics and finance, an index is a statistical measure of changes in a representative group of individual data points.

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India

India (IAST), also called the Republic of India (IAST), is a country in South Asia.

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IPod

The iPod is a line of portable media players and multi-purpose pocket computers designed and marketed by Apple Inc. The first version was released on October 23, 2001, about months after the Macintosh version of iTunes was released.

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Jakarta

Jakarta, officially the Special Capital Region of Jakarta (Daerah Khusus Ibu Kota Jakarta), is the capital and largest city of Indonesia.

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KFC

KFC, until 1991 known as Kentucky Fried Chicken, is an American fast food restaurant chain that specializes in fried chicken.

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KFC Index

The KFC Index is an informal guide to measure purchasing power parity comparing exchange rates in African countries.

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Kiev

Kiev or Kyiv (Kyiv; Kiyev; Kyjev) is the capital and largest city of Ukraine, located in the north central part of the country on the Dnieper.

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List of humorous units of measurement

Many people have made use of, or invented, units of measurement intended primarily for their humour value.

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List of unusual units of measurement

An unusual unit of measurement is a unit of measurement that does not form part of a coherent system of measurement; especially in that its exact quantity may not be well known or that it may be an inconvenient multiple or fraction of base units in such systems.

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Malaysian ringgit

The Malaysian ringgit (plural: ringgit; symbol: RM; currency code: MYR; formerly the Malaysian dollar) is the currency of Malaysia.

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Manila

Manila (Maynilà, or), officially the City of Manila (Lungsod ng Maynilà), is the capital of the Philippines and the most densely populated city proper in the world.

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McDonald's

McDonald's is an American fast food company, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States.

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McGraw-Hill Education

McGraw-Hill Education (MHE) is a learning science company and one of the "big three" educational publishers that provides customized educational content, software, and services for pre-K through postgraduate education.

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Mexico City

Mexico City, or the City of Mexico (Ciudad de México,; abbreviated as CDMX), is the capital of Mexico and the most populous city in North America.

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Miami

Miami is a major port city on the Atlantic coast of south Florida in the southeastern United States.

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Morocco

Morocco (officially known as the Kingdom of Morocco, is a unitary sovereign state located in the Maghreb region of North Africa. It is one of the native homelands of the indigenous Berber people. Geographically, Morocco is characterised by a rugged mountainous interior, large tracts of desert and a lengthy coastline along the Atlantic Ocean and Mediterranean Sea. Morocco has a population of over 33.8 million and an area of. Its capital is Rabat, and the largest city is Casablanca. Other major cities include Marrakesh, Tangier, Salé, Fes, Meknes and Oujda. A historically prominent regional power, Morocco has a history of independence not shared by its neighbours. Since the foundation of the first Moroccan state by Idris I in 788 AD, the country has been ruled by a series of independent dynasties, reaching its zenith under the Almoravid dynasty and Almohad dynasty, spanning parts of Iberia and northwestern Africa. The Marinid and Saadi dynasties continued the struggle against foreign domination, and Morocco remained the only North African country to avoid Ottoman occupation. The Alaouite dynasty, the current ruling dynasty, seized power in 1631. In 1912, Morocco was divided into French and Spanish protectorates, with an international zone in Tangier, and regained its independence in 1956. Moroccan culture is a blend of Berber, Arab, West African and European influences. Morocco claims the non-self-governing territory of Western Sahara, formerly Spanish Sahara, as its Southern Provinces. After Spain agreed to decolonise the territory to Morocco and Mauritania in 1975, a guerrilla war arose with local forces. Mauritania relinquished its claim in 1979, and the war lasted until a cease-fire in 1991. Morocco currently occupies two thirds of the territory, and peace processes have thus far failed to break the political deadlock. Morocco is a constitutional monarchy with an elected parliament. The King of Morocco holds vast executive and legislative powers, especially over the military, foreign policy and religious affairs. Executive power is exercised by the government, while legislative power is vested in both the government and the two chambers of parliament, the Assembly of Representatives and the Assembly of Councillors. The king can issue decrees called dahirs, which have the force of law. He can also dissolve the parliament after consulting the Prime Minister and the president of the constitutional court. Morocco's predominant religion is Islam, and the official languages are Arabic and Berber, with Berber being the native language of Morocco before the Arab conquest in the 600s AD. The Moroccan dialect of Arabic, referred to as Darija, and French are also widely spoken. Morocco is a member of the Arab League, the Union for the Mediterranean and the African Union. It has the fifth largest economy of Africa.

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Nairobi

Nairobi is the capital and the largest city of Kenya.

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New Taiwan dollar

New Taiwan dollar (sign: NT$; code: TWD) is the official currency of Taiwan.

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New York City

The City of New York, often called New York City (NYC) or simply New York, is the most populous city in the United States.

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Norwegian krone

The krone (sign: kr; code: NOK), plural kroner, is the currency of Norway and its dependent territories.

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PDF

The Portable Document Format (PDF) is a file format developed in the 1990s to present documents, including text formatting and images, in a manner independent of application software, hardware, and operating systems.

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Pound sterling

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

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Presidency of Cristina Fernández de Kirchner

The Presidency of Cristina Fernández de Kirchner began on December 10, 2007, when she became President of Argentina.

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Profit margin

Profit margin, net margin, net profit margin or net profit ratio is a measure of profitability.

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Purchasing power parity

Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power.

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Recession index

The recession index (the R-word index) is an informal index created by The Economist which counts how many stories in the Washington Post and the New York Times using the word “recession” in a quarter.

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Russian ruble

The Russian ruble or rouble (рубль rublʹ, plural: рубли́ rubli; sign: ₽, руб; code: RUB) is the currency of the Russian Federation, the two partially recognized republics of Abkhazia and South Ossetia and the two unrecognized republics of Donetsk and Luhansk.

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South Africa

South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.

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South African rand

The South African Rand (sign: R; code: ZAR) is the currency of South Africa.

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Starbucks

Starbucks Corporation is an American coffee company and coffeehouse chain.

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Swedish krona

The krona (plural: kronor; sign: kr; code: SEK) has been the currency of Sweden since 1873.

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Swiss franc

The franc (sign: Fr. or SFr.; Franken, French and Romansh: franc, franco; code: CHF) is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian exclave Campione d'Italia.

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The Advertiser (Adelaide)

The Advertiser is a conservative, daily tabloid-format newspaper published in the city of Adelaide, South Australia.

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The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

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The Independent

The Independent is a British online newspaper.

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The Lexus and the Olive Tree

The Lexus and the Olive Tree: Understanding Globalization is a 1999 book by Thomas L. Friedman that posits that the world is currently undergoing two struggles: the drive for prosperity and development, symbolized by the Lexus LS, and the desire to retain identity and traditions, symbolized by the olive tree.

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Tokyo

, officially, is one of the 47 prefectures of Japan and has been the capital since 1869.

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UBS

UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland.

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Ukrainian hryvnia

The hryvnia, sometimes hryvnya (гривня,, abbr.: грн (hrn in the Latin alphabet)); sign: ₴, code: UAH), has been the national currency of Ukraine since 2 September 1996. The hryvnia is subdivided into 100 kopiyky. It is named after a measure of weight used in medieval Kievan Rus'.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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United States dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.

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Value meal

A value meal is a group of menu items at a restaurant offered together at a lower price than they would cost individually (except at McDonald's, where an "Extra Value Meal" actually costs more).

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Willingness to pay

Willingness to pay (WTP) is the maximum price at or below which a consumer will definitely buy one unit of a product.

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Zürich

Zürich or Zurich is the largest city in Switzerland and the capital of the canton of Zürich.

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References

[1] https://en.wikipedia.org/wiki/Big_Mac_Index

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