Iceland second in Big Mac rating

The Economist has just published its "Big Mac" ratings for the 20th time, a rating that is considered to reflect prices around the world. According to their list, Iceland sells the second most expensive Big Mac in the world. The priciest Big Mac is in Norway. According to the Economist a Big Mac should cost the same all over the world and if it costs less than an American Big Mac, the currency of that particular country is underrated. This means that the Icelandic and Norwegian kronas are overrated in comparison with the American Dollar. The Icelandic Big Mac at McDonalds costs 465,40 ISK compared to 226,50 ISK in the US.