Kuwait, Saudi Arabia and Malaysia are the cheapest places in the world to buy technology such as smartphones, games consoles and tablet computers, while Venezuela, Angola and Brunei are the most expensive.

Consumers gifting an Android phone this Christmas will spend an average of $539.18 in Kuwait, while Venezuelans will have to spend the equivalent of $78,054.19. The sky-high figure for Venezuela is due to its economic crisis, where inflation is forecast to reach 1,500 percent in 2017. Angola ranks as second most expensive overall, where the average price of an Android phone is $2,641.01.

The 2016 technology price index, compiled by Latin American online retailer Linio, looks at the average retail price, including taxes, of 14 popular devices in 71 countries. It studied several brick-and-mortar stores, smaller retailers and at least three websites per country.