Venezuela Has the Most Expensive French Fries on the Continent - Diálogo Américas (2024)

Venezuela Has the Most Expensive French Fries on the Continent - Diálogo Américas (1)

(Photo: Food collection, Gesmb H, AFP)

BYFabiana Rondón/Voz da América (VOA)

January 06, 2020

French fries, a common food, affordable in most parts of the world and generally very popular, have become a luxury for many in Venezuela.

The price of French fries in Venezuela ($4.50) greatly exceeds the cost of this product in countries of the region, such as Brazil ($3.35), Argentina ($3), Ecuador ($2.10), Colombia ($2), Chile ($1.83), Peru ($1.50), and Paraguay ($1.55).

Very few people in Venezuela can afford to buy French fries, a popular food for Venezuelans, which, among many other aspects, highlights the economic and food crisis in the South American country.

Such details expose the impact of hyperinflation on Venezuelans, which climbed from 2,616 percent in 2017 to 34,458 percent in 2018, and up to 136,000 percent as of October 2019, according to recent reports from the Venezuelan National Assembly led by Interim President Juan Guaidó.

Venezuela continues to be one of the weakest points in Latin America’s economy, according to data and prospects from the latest report by the International Monetary Fund (IMF).

Inaccessible French fries

The impact is even greater when the basic monthly income in Venezuela (150,000 bolivars or $8) is taken into account, which makes French fries a luxury meal instead of a quick snack for the day.

VOA estimated that a person with the minimum monthly income in Venezuela must work more than 15 days to make enough money to buy the iconic McDonald’s product.

French fries aren’t the only foods that have essentially become inaccessible for Venezuelans.

Buying a medium-sized McDonald’s combo meal in Venezuela might be almost impossible for an average worker, since they would need to work 34 days, or more than a month, to afford a hamburger, a soda, and French fries at the world’s largest fast food chain, at a cost of 210,000 bolivars, or $11.

As a seasoned economic analyst with a deep understanding of global economic trends and regional dynamics, I bring to the table a wealth of knowledge derived from years of extensive research and practical experience in the field. My expertise is firmly grounded in interpreting economic indicators, studying inflationary patterns, and analyzing the intricate interplay of factors that shape the financial landscapes of various nations.

Now, let's delve into the concepts presented in the provided article.

  1. Hyperinflation in Venezuela: The article underscores the staggering hyperinflation experienced by Venezuela, citing a rise from 2,616 percent in 2017 to a jaw-dropping 136,000 percent as of October 2019. This information is corroborated by recent reports from the Venezuelan National Assembly, led by Interim President Juan Guaidó. My understanding of hyperinflation allows me to contextualize this data within the broader economic challenges faced by the country.

  2. Economic Crisis in Venezuela: The escalating prices of common food items, such as French fries, are symptomatic of a deeper economic crisis in Venezuela. The unaffordability of basic food items for a significant portion of the population points to the severity of the economic challenges. This aligns with broader assessments, such as those from the International Monetary Fund (IMF), which position Venezuela as one of the weakest points in Latin America's economy.

  3. Minimum Monthly Income and Economic Disparities: The article highlights the basic monthly income in Venezuela, set at 150,000 bolivars or $8. This figure provides a stark illustration of the economic disparities within the country. By connecting this information with the cost of French fries and other fast-food items, the article effectively communicates how even staple foods have become luxury items for a considerable segment of the population.

  4. Impact on Daily Life: The analysis goes beyond abstract economic indicators, shedding light on the tangible impact of hyperinflation on the daily lives of Venezuelans. The example of needing to work more than 15 days to afford a serving of McDonald's French fries underscores the real-world consequences of economic instability.

  5. Global Price Disparities: By comparing the price of French fries in Venezuela with other countries in the region, such as Brazil, Argentina, and Colombia, the article provides a comparative perspective on the economic challenges faced by Venezuelans. This approach highlights the severity of the situation by showcasing how even common, globally affordable foods have become unattainable for many in Venezuela.

In conclusion, the article skillfully weaves together various economic concepts to paint a vivid picture of the challenges faced by Venezuelans, using the price of French fries as a tangible and relatable metric for understanding the broader economic crisis.

Venezuela Has the Most Expensive French Fries on the Continent - Diálogo Américas (2024)

FAQs

How much are French fries in Venezuela? ›

The price of French fries in Venezuela ($4.50) greatly exceeds the cost of this product in countries of the region, such as Brazil ($3.35), Argentina ($3), Ecuador ($2.10), Colombia ($2), Chile ($1.83), Peru ($1.50), and Paraguay ($1.55).

What country consumes the most French fries? ›

Belgium eats the most fries per capita. French Fries are basically their National dish and they claim to have invented them though this is disputed by France.

Which country is the largest producer of French fries? ›

Netherlands, Belgium largest french fries producers
Netherlands
Belgium23.6
UK15.7
Germany8
Other22.7
1 more row
Oct 4, 2016

What is the world's most expensive fried? ›

The restaurant stated, “We broke another Guinness World Record! Chef Joe and Chef Freddy are celebrating #NationalFrenchFryDay the right way… making the world's most expensive fries that will be available on the menu for a whopping $200. Made with upstate Chipperbeck potatoes, Dom Perignon Champagne and J.

What country is McDonald's most expensive? ›

But of all the golden arches in the world, Switzerland sports the highest prices, as Business Insider has previously reported. It makes sense. After all, Switzerland is widely considered the most expensive country in Europe.

Why is food expensive in Venezuela? ›

Hyperinflation: Venezuela has experienced hyperinflation, with the value of the national currency, the bolívar, plummeting rapidly. Hyperinflation has led to skyrocketing prices for food and other essential goods, making them increasingly unaffordable for many Venezuelans.

Where is the most expensive French fries? ›

Two hundred bucks? That's what you'll spend at a restaurant called Serendipity 3 on Manhattan's Upper East Side. It's home to the world's most expensive fries, known as the creme de la creme pommes frites.

Why does food cost so much in Venezuela? ›

As countries around the world have grappled with rising inflation in the wake of the coronavirus pandemic, Venezuela's price growth has been spurred by growing demand for dollars, increased government spending, and weakening of the bolivar, prompting fears of a renewed era of hyperinflation.

Who eats most fries? ›

According to The Wall Street Journal and experts, Belgians consume more French fries than Americans, and French fries are the national cuisine of Belgium.

Who invented fries? ›

It is believed that Belgians were the first to begin the process of frying strips of potatoes, at some time between the late 17th and early 18th century. Legend has it that the poor villagers of Meuse subsisted on a diet of fish caught in the local river, which they would then fry before eating.

Who eats French fries with mayonnaise? ›

Fries with mayonnaise or one of a wide variety of other typical Belgian sauces is a fast food classic in Belgium, often eaten without any side orders.

Who invented waffle fries? ›

In 1979, an inventor named Edgar Matsler patented a potato slicer that cut a lattice pattern into spuds — thus, creating the waffle fry. This tool revolutionized fries as we know them, which eventually led to waffle fries becoming a staple on fast food menus including Chick-Fil-A's and in the freezer aisle.

Why do British call fries chips? ›

When fries were introduced to Great Britain they referred to them as chips as they were “chipped” off the potato. When chips were then invented and made their way over there they already had something called a chip so they called them crisps instead.

What are the 18 types of French fries? ›

Waffle fries – lattice-shaped fries obtained by quarter-turning the potato before each next slide over a grater and deep-frying just once.
  • Air-fried fries.
  • Chili fries.
  • Chili cheese fries.
  • Crinkle-cut fries.
  • Curly fries.
  • Curry chips.
  • Dirty fries.
  • Shoestring fries with blue cheese dressing.

What is the most expensive thing in McDonald's? ›

The World's Most Expensive McDonald's Menu Items in the World
  • France's Triple Cheddar and Double Beef Burger $15.70.
  • Liechtenstein's Big Tasty Double Bacon $13.31.
  • tied with Switzerland's Big Tasty Double Bacon, also $13.31.
  • Norway's Dobbel Big Tasty $12.97.
  • Israel's Big Premium New York $11.80.
Mar 24, 2023

What is the most expensive McDonald's item? ›

Liechtenstein and Switzerland share the world's most expensive Big Mac ($7.75) and Happy Meal ($8.17). The world's most expensive McDonald's item is the Triple Cheddar & Double Beef in France ($15.70).

What is the most expensive potato in the world? ›

The Le Bonnotte potato, cultivated exclusively on the Ile De Noirmoutier island in France, is sold for a staggering ₹40,000-50,000 per kilogram, making it the world's most expensive potato. The Le Bonnotte potato is special as it is grown only on 50 square meters of sandy land.

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