This is taking Bela Balassa too far

by on May 24, 2007 at 1:54 am in Economics | Permalink

Here in Oslo a bottle of water costs five to six dollars.  That’s not a bottle of water in a starred Michelin restaurant with molecular gastronomy.  That’s not a bottle of Voss served by a ravishing Norwegian blonde in a cool lounge with modern Scandinavian design, surrounded by hipsters.  That’s not a bottle of water served next to the main church or a lovely fjord.

That’s not even a super-large bottle of water.  That’s a mid-sized plain water from 7-11.

A so-so kung pao chicken costs 25 to 30 dollars, and that is for lunch.

Robert Cavazos May 24, 2007 at 2:21 am

Yikes that is expensive! I can get a really good kung pao and liter botle of Italian or Greek Minearl water in
Australia for $20 au or $16 us–oh and no tip is required here. Of course the absence of a tipping culture in AUS makes for somewhat leisurely service, the food is quite good and low cost. Now for the high prices in Denmark….Conjecture fellow foodie economist?

Tia May 24, 2007 at 3:25 am

Just figure you are doing your part to fund their welfare state.

Clayton Nash May 24, 2007 at 5:07 am

Norway is far and away the most expensive country I’ve ever spent time in. I spent $200 in 23 hours there purely on incidentals including $40 for a small airport pizza.
I understand it’s not the welfare state – oil money, and correspondingly low taxes, has pushed the incomes of everybody up so much that all the prices have had to rise to pay for salaries. As a percentage of income, that $30 for lunch is cheap.

qingdao May 24, 2007 at 8:49 am

Try Qingdao: water ($.25); gung bao ji ding
– about $1.25) So much for the law of one
price.

Jonathan May 24, 2007 at 10:53 am

Two years ago, a $22 chicken sandwich. Not a good chicken sandwich, mind you. But I agree on teh prices…except the Ibsen Museum, which was cheap.

mschrist May 24, 2007 at 12:51 pm

Finland is freakishly expensive, too. I faced similar prices when I was there last August, and I was not in Helsinki but in Joensuu, a medium-sized university town.

Perry May 24, 2007 at 4:24 pm

True, but then it becomes a question of whether you’d prefer to measure PPP adjusted GDP or nominal GDP.

There seems to be no question that being a foreigner coming in and doing something like, eating out, which is a staple good in America but a luxury good in Norway, evidently, is rather expensive.

Theresa May 25, 2007 at 2:19 am

Now you know why almost everyone in the greater Oslo area does a LOT of their grocery (and other) shopping in Sweden…

http://www.bygdeforskning.no/Publikasjoner_PDF/PAPER%2003.05.pdf

…and why there’s websites devoted to the best places to shop along the border (in Norwegian)…

http://www.grensehandel.info/

;-)

Yan Li May 26, 2007 at 11:42 pm

Bottled water consumption in 2004 (liter per capita): North America (97.5), Europe (74.7), South America (33.2), Asia (9.7), Africa/ Middle East/ Oceania (4.4)

age of conan gold December 31, 2008 at 4:13 am

Please come to aoc money, we will give you a great surprise.

shadow of legend Gold money December 31, 2008 at 4:16 am

Please come to shadow of legend Gold, we will give you a great surprise.

secondlife money December 31, 2008 at 4:24 am

In the world of second life linden, I think it is very interesting to buy lindens.

Tibia Gold December 31, 2008 at 4:26 am

If you want to release yourselves, try Tibia money, that will be helpful for you, I think.

Comments on this entry are closed.

Previous post:

Next post: