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Global Big Mac Price Index
Data Science and Analytics
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Free
About
This dataset captures McDonald's Big Mac prices for countries across the globe, spanning from 2000 to 2022. It offers valuable insights into price evolution over time and provides a basis for investigating economic indicators and trends.
Columns
- date: The specific record date for the Big Mac price, ranging from April 2000 to July 2022.
- currency_code: The international currency code (ISO 4217) for the local currency in which the Big Mac price is recorded. This includes codes such as EUR and ARS, with 58 unique codes observed.
- name: The name of the country where the Big Mac price was recorded, featuring 74 unique countries including Argentina and Australia.
- local_price: The price of the Big Mac expressed in the local currency of the respective country. Prices vary widely, with a mean of 15.8k and a maximum observed value of 16 million.
- dollar_ex: The conversion rate used to translate the local price into US dollars. This exchange rate has a mean of 4.72k.
- dollar_price: The price of the Big Mac converted to US dollars, derived from the local price divided by the dollar exchange rate. The average price in US dollars is 3.57, with a range up to 11.3.
Distribution
The dataset is provided as a CSV file named 'BigmacPrice.csv', with a size of 74.78 kB. It contains 6 columns and comprises 1946 individual records.
Usage
This dataset is ideal for:
- Analysing the evolution of Big Mac prices across different countries over time.
- Investigating price fluctuations and their potential correlation with other economic indicators.
- Data visualisation projects to illustrate global price disparities and trends.
- Economic research and comparative studies on purchasing power parity.
Coverage
The dataset covers Big Mac prices for every country in the world where data was available, from April 2000 to July 2022. It includes data for 74 distinct countries.
License
CC0: Public Domain
Who Can Use It
This dataset is suitable for:
- Economists and financial analysts studying global economic trends and inflation.
- Data scientists and analysts looking for real-world data to practice data cleaning, analysis, and visualisation techniques.
- Students and researchers in economics, international relations, or statistics.
- Individuals interested in global price comparisons and the Big Mac Index.
Dataset Name Suggestions
- Global Big Mac Price Index
- McDonald's Big Mac Prices Worldwide (2000-2022)
- International Big Mac Data Compendium
- Big Mac Economic Indicator Dataset
Attributes
Original Data Source: Global Big Mac Price Index
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