The Most Expensive Starbucks Coffee in The World is Sold for $6.05 in Denmark

Published October 2nd, 2019 - 09:11 GMT
Starbucks coffee. (Shutterstock/ File Photo)
Starbucks coffee. (Shutterstock/ File Photo)
Highlights
Coffee in the US costs $4.30 putting it at number 16 on the ranking table.

Denmark has been named as the most expensive country to buy a Starbucks coffee, where the smallest size latte sets customers back $6.05. 

The cheapest Starbucks coffee can be found in Istanbul, Turkey, and costs just $1.78. 

New analysis by comparison site Finder has ranked 76 countries in relation to the price customers will pay for a tall Starbucks latte. 

Although the index doesn't take into account all variables which determine the price of a cup of coffee such as cost of raw coffee, local labour costs and taxes, it does provide a rough comparison of a common item sold in most countries. 

The next four most expensive countries to buy a cup of Starbucks coffee are: Switzerland ($5.94), Finland ($5.40), Macau ($5.21) and Luxembourg ($5.18). 

The US comes in at number 16, where a tall latte in New York costs $4.30. And the UK is on the board at number 41, where a coffee in London costs $3.58.   

Europeans will pay the most for a cup of coffee compared to other regions - the average price for a tall latte is $3.92. 

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And Asia closely follows with its average price for a cup of coffee set at $3.72. 

Although Starbucks was founded in North America, a cup off coffee from the region costs an average of $3.20 - cheaper than the price for a tall latte in San Salvador in El Salvador. 

Finder also calculated the price for a cup of coffee against the GDP-per-capita value of each country. 

The company notes than in Denmark, a cup of coffee is $6.05, whereas the expected coffee cost based on the country's GDP of more than $60,000 per capita, should be just $4.20. 

So the coffee is 44 per cent more expensive than it should be, and the country's currency is undervalued by 44 per cent. 

In the US the coffee is 1.53 per cent more expensive than it should be whereas in the UK a tall latte is 6.97 per cent cheaper. 

Coffee prices should be higher in wealthier countries due to factors such as production and labour costs and taxes. 

Therefore the figures more closely reflect the ability of locals to buy coffee rather than a true currency valuation. 

This article has been adapted from its original source.


© Associated Newspapers Ltd.

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