+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Around the world, here's how much of your disposable income it costs to buy Smirnoff Vodka

Jun 24, 2015, 19:27 IST

The cost of getting tipsy on alcohol varies around the world.

Advertisement

Bank of America Merrill Lynch put together a chart showing the cost of 10 liters of Smirnoff Red Vodka in terms of disposable income per capita - a proxy for affordability.

10 liters are the least affordable in Venezuela and Indonesia, at 14.9% of disposable income and 14.0%, respectively. On the other side of the spectrum, Smirnoff red is most affordable in the US, Japan, and Switzerland, where 10 liters are only 0.5% of disposable income.

BAML also put the cost of ten Smirnoff Reds in terms of real GDP per capita. According to this metric, the bottles are least affordable in Venezuela and Vietnam, while most affordable are, once again, in the US, Japan, and Switzerland.

Advertisement

Although the bottles are relatively unaffordable in emerging markets for now, the tide could turn soon.

"Fast-growing disposable incomes in emerging markets should bring significant opportunities for the global spirits producers," according to BAML's Andrew Stott.

NOW WATCH: 6 scientifically proven features men find attractive in women

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article