As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. dollars, while the average price for a Big Mac burger in Brazil amounted to approximately 4.43 U.S. In Guatemala, it was estimated that a Big Mac would cost an average of 3.44 U.S. The so-called Big Mac Index is regarded as an indicator for the purchasing power of an economy. As of January 2023, Uruguay had the highest Big Mac Index and Guatemala, the lowest, among the Latin American countries measured.
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