Sunday, 25 July 2010

The 20mm pancake index

The Big Mac index is a well known price index. By comparing the price of the Big Mac, available in virtually any country, you get a view of the general cost level in that country.

I've tried to do the same with the Panasonic Lumix 20mm f/1.7 Pancake lens, although I must say the index is far from complete, with only a few number of countries included. I chose a lens, rather than a camera body, since cameras become obsolete, and go on clearance sale after some time. This lens is still pretty new and popular, and is less likely to be subject for various rebates.

CountryPrice in local currencyPrice in EUR
US371.95287.86
Canada419312.77
France332.89332.89
UK278.99332.99
Germany362.99362.99
Denmark2989401.08
Australia584405.06
Sweden3865409.72
Norway3999501.41


The conclusion is not surprising: It's best to be a consumer in a big market.

4 comments:

  1. please add spain to the list

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  2. Did you remove the tax from all the prices? I ask as U.S. prices are usually quoted before the sales tax.

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  3. The price is without tax. So you're making a good point, the prices are not entirely comparable.

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  4. Be careful about removing taxes. It's better have have them as shown. AFAIK, in US the sales taxes are considered high, if they are 5-6%. In Denmark or Norway they add 25% to the final price. At last, the consumer has to pay all the taxes anyway.

    ReplyDelete