The Big Mac index: Sweden

Macro

2026-03-02

Description

The big mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.

Published by
The Economist
Frequency
Aperiodically
Next Update
Hashtags
Big Mac index PPP

AI Data Insight

Sweden's latest Big Mac Index stands at 7.2583 USD. While this represents a slight pullback of 0.8% from the previous value of 7.3202, it still marks a surge of approximately 28% compared to 5.67 USD at the end of 2024. This phenomenon is primarily driven by the historic appreciation of the Swedish Krona (SEK) against the USD, rather than runaway local prices, indicating that exchange rate effects are completely dominating changes in purchasing power parity.

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AI Data Insight

Sweden's latest Big Mac Index stands at 7.2583 USD. While this represents a slight pullback of 0.8% from the previous value of 7.3202, it still marks a surge of approximately 28% compared to 5.67 USD at the end of 2024. This phenomenon is primarily driven by the historic appreciation of the Swedish Krona (SEK) against the USD, rather than runaway local prices, indicating that exchange rate effects are completely dominating changes in purchasing power parity.

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Macro
Description

The big mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.

Published by
The Economist
Frequency
Aperiodically
Next Update
Hashtags
Big Mac index PPP