$15,000,000 in 1803 → $340,830,530.97 in 2019

Inflation Calculator

$

$15,000,000 in 1803 → $340,830,530.97 in 2019

U.S. Inflation Rate, $15,000,000 in 1803 to 2019

According to the Bureau of Labor Statistics consumer price index, today's prices in 2019 are 2,172.20% higher than average prices throughout 1803. The dollar experienced an average inflation rate of 1.46% per year during this period, meaning the real value of a dollar decreased.

In other words, $15,000,000 in 1803 is equivalent in purchasing power to about $340,830,530.97 in 2019, a difference of $325,830,530.97 over 216 years.

The 1803 inflation rate was 5.61%. The current inflation rate (2018 to 2019) is now 1.71%1. If this number holds, $15,000,000 today will be equivalent in buying power to $15,256,695.68 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1803 to 2019
Cumulative price change 2,172.20%
Average inflation rate 1.46%
Converted amount ($15,000,000 base) $340,830,530.97
Price difference ($15,000,000 base) $325,830,530.97
CPI in 1803 11.300
CPI in 2019 256.759
Inflation in 1803 5.61%
Inflation in 2019 1.71%

U.S. inflation chart since 1665


Buying power of $15,000,000 in 1803

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $15,000,000 in 1803 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1803 $15,000,000.00 5.61%
1804 $15,663,716.81 4.42%
1805 $15,530,973.45 -0.85%
1806 $16,194,690.27 4.27%
1807 $15,398,230.09 -4.92%
1808 $16,725,663.72 8.62%
1809 $16,327,433.63 -2.38%
1810 $16,327,433.63 0.00%
1811 $17,389,380.53 6.50%
1812 $17,654,867.26 1.53%
1813 $21,238,938.05 20.30%
1814 $23,362,831.86 10.00%
1815 $20,442,477.88 -12.50%
1816 $18,716,814.16 -8.44%
1817 $17,654,867.26 -5.67%
1818 $16,858,407.08 -4.51%
1819 $16,858,407.08 0.00%
1820 $15,530,973.45 -7.87%
1821 $15,000,000.00 -3.42%
1822 $15,530,973.45 3.54%
1823 $13,938,053.10 -10.26%
1824 $12,876,106.19 -7.62%
1825 $13,141,592.92 2.06%
1826 $13,141,592.92 0.00%
1827 $13,274,336.28 1.01%
1828 $12,610,619.47 -5.00%
1829 $12,345,132.74 -2.11%
1830 $12,212,389.38 -1.08%
1831 $11,548,672.57 -5.43%
1832 $11,415,929.20 -1.15%
1833 $11,150,442.48 -2.33%
1834 $11,415,929.20 2.38%
1835 $11,681,415.93 2.33%
1836 $12,345,132.74 5.68%
1837 $12,743,362.83 3.23%
1838 $12,345,132.74 -3.12%
1839 $12,345,132.74 0.00%
1840 $11,548,672.57 -6.45%
1841 $11,548,672.57 0.00%
1842 $10,884,955.75 -5.75%
1843 $9,823,008.85 -9.76%
1844 $9,955,752.21 1.35%
1845 $10,088,495.58 1.33%
1846 $10,221,238.94 1.32%
1847 $10,884,955.75 6.49%
1848 $10,486,725.66 -3.66%
1849 $10,221,238.94 -2.53%
1850 $10,353,982.30 1.30%
1851 $10,221,238.94 -1.28%
1852 $10,221,238.94 0.00%
1853 $10,221,238.94 0.00%
1854 $11,150,442.48 9.09%
1855 $11,548,672.57 3.57%
1856 $11,283,185.84 -2.30%
1857 $11,548,672.57 2.35%
1858 $10,884,955.75 -5.75%
1859 $11,017,699.12 1.22%
1860 $11,017,699.12 0.00%
1861 $11,681,415.93 6.02%
1862 $13,407,079.65 14.77%
1863 $16,725,663.72 24.75%
1864 $20,840,707.96 24.60%
1865 $21,637,168.14 3.82%
1866 $21,106,194.69 -2.45%
1867 $19,646,017.70 -6.92%
1868 $18,849,557.52 -4.05%
1869 $18,053,097.35 -4.23%
1870 $17,389,380.53 -3.68%
1871 $16,194,690.27 -6.87%
1872 $16,194,690.27 0.00%
1873 $15,929,203.54 -1.64%
1874 $15,132,743.36 -5.00%
1875 $14,601,769.91 -3.51%
1876 $14,203,539.82 -2.73%
1877 $13,938,053.10 -1.87%
1878 $13,274,336.28 -4.76%
1879 $13,274,336.28 0.00%
1880 $13,539,823.01 2.00%
1881 $13,539,823.01 0.00%
1882 $13,539,823.01 0.00%
1883 $13,407,079.65 -0.98%
1884 $13,008,849.56 -2.97%
1885 $12,876,106.19 -1.02%
1886 $12,477,876.11 -3.09%
1887 $12,610,619.47 1.06%
1888 $12,610,619.47 0.00%
1889 $12,212,389.38 -3.16%
1890 $12,079,646.02 -1.09%
1891 $12,079,646.02 0.00%
1892 $12,079,646.02 0.00%
1893 $11,946,902.65 -1.10%
1894 $11,415,929.20 -4.44%
1895 $11,150,442.48 -2.33%
1896 $11,150,442.48 0.00%
1897 $11,017,699.12 -1.19%
1898 $11,017,699.12 0.00%
1899 $11,017,699.12 0.00%
1900 $11,150,442.48 1.20%
1901 $11,283,185.84 1.19%
1902 $11,415,929.20 1.18%
1903 $11,681,415.93 2.33%
1904 $11,814,159.29 1.14%
1905 $11,681,415.93 -1.12%
1906 $11,946,902.65 2.27%
1907 $12,477,876.11 4.44%
1908 $12,212,389.38 -2.13%
1909 $12,079,646.02 -1.09%
1910 $12,610,619.47 4.40%
1911 $12,610,619.47 0.00%
1912 $12,876,106.19 2.11%
1913 $13,141,592.92 2.06%
1914 $13,274,336.28 1.01%
1915 $13,407,079.65 1.00%
1916 $14,469,026.55 7.92%
1917 $16,991,150.44 17.43%
1918 $20,044,247.79 17.97%
1919 $22,964,601.77 14.57%
1920 $26,548,672.57 15.61%
1921 $23,761,061.95 -10.50%
1922 $22,300,884.96 -6.15%
1923 $22,699,115.04 1.79%
1924 $22,699,115.04 0.00%
1925 $23,230,088.50 2.34%
1926 $23,495,575.22 1.14%
1927 $23,097,345.13 -1.69%
1928 $22,699,115.04 -1.72%
1929 $22,699,115.04 0.00%
1930 $22,168,141.59 -2.34%
1931 $20,176,991.15 -8.98%
1932 $18,185,840.71 -9.87%
1933 $17,256,637.17 -5.11%
1934 $17,787,610.62 3.08%
1935 $18,185,840.71 2.24%
1936 $18,451,327.43 1.46%
1937 $19,115,044.25 3.60%
1938 $18,716,814.16 -2.08%
1939 $18,451,327.43 -1.42%
1940 $18,584,070.80 0.72%
1941 $19,513,274.34 5.00%
1942 $21,637,168.14 10.88%
1943 $22,964,601.77 6.13%
1944 $23,362,831.86 1.73%
1945 $23,893,805.31 2.27%
1946 $25,884,955.75 8.33%
1947 $29,601,769.91 14.36%
1948 $31,991,150.44 8.07%
1949 $31,592,920.35 -1.24%
1950 $31,991,150.44 1.26%
1951 $34,513,274.34 7.88%
1952 $35,176,991.15 1.92%
1953 $35,442,477.88 0.75%
1954 $35,707,964.60 0.75%
1955 $35,575,221.24 -0.37%
1956 $36,106,194.69 1.49%
1957 $37,300,884.96 3.31%
1958 $38,362,831.86 2.85%
1959 $38,628,318.58 0.69%
1960 $39,292,035.40 1.72%
1961 $39,690,265.49 1.01%
1962 $40,088,495.58 1.00%
1963 $40,619,469.03 1.32%
1964 $41,150,442.48 1.31%
1965 $41,814,159.29 1.61%
1966 $43,008,849.56 2.86%
1967 $44,336,283.19 3.09%
1968 $46,194,690.27 4.19%
1969 $48,716,814.16 5.46%
1970 $51,504,424.78 5.72%
1971 $53,761,061.95 4.38%
1972 $55,486,725.66 3.21%
1973 $58,938,053.10 6.22%
1974 $65,442,477.88 11.04%
1975 $71,415,929.20 9.13%
1976 $75,530,973.45 5.76%
1977 $80,442,477.88 6.50%
1978 $86,548,672.57 7.59%
1979 $96,371,681.42 11.35%
1980 $109,380,530.97 13.50%
1981 $120,663,716.81 10.32%
1982 $128,097,345.13 6.16%
1983 $132,212,389.38 3.21%
1984 $137,920,353.98 4.32%
1985 $142,831,858.41 3.56%
1986 $145,486,725.66 1.86%
1987 $150,796,460.18 3.65%
1988 $157,035,398.23 4.14%
1989 $164,601,769.91 4.82%
1990 $173,495,575.22 5.40%
1991 $180,796,460.18 4.21%
1992 $186,238,938.05 3.01%
1993 $191,814,159.29 2.99%
1994 $196,725,663.72 2.56%
1995 $202,300,884.96 2.83%
1996 $208,274,336.28 2.95%
1997 $213,053,097.35 2.29%
1998 $216,371,681.42 1.56%
1999 $221,150,442.48 2.21%
2000 $228,584,070.80 3.36%
2001 $235,088,495.58 2.85%
2002 $238,805,309.73 1.58%
2003 $244,247,787.61 2.28%
2004 $250,752,212.39 2.66%
2005 $259,247,787.61 3.39%
2006 $267,610,619.47 3.23%
2007 $275,232,743.36 2.85%
2008 $285,800,442.48 3.84%
2009 $284,783,628.32 -0.36%
2010 $289,454,867.26 1.64%
2011 $298,591,592.92 3.16%
2012 $304,770,796.46 2.07%
2013 $309,234,955.75 1.46%
2014 $314,251,327.43 1.62%
2015 $314,624,336.28 0.12%
2016 $318,593,362.83 1.26%
2017 $325,380,530.97 2.13%
2018 $333,327,654.87 2.44%
2019 $340,830,530.97 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 210 more rows

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £15,000,000.00 in 1803 would be equivalent to £1,529,211,859.50 in 2019, an absolute change of £1,514,211,859.50 and a cumulative change of 10,094.75%.

Compare these numbers to the US's overall absolute change of $325,830,530.97 and total percent change of 2,172.20%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1803 and 2019.

Compare these values to the overall average of 1.46% per year:

Category Avg Inflation (%) Total Inflation (%) $15,000,000 in 1803 → 2019
Food 3.12 76,268.09 11,455,212,756.30
Shelter 4.09 576,561.95 86,499,292,009.38
Energy 3.78 301,681.55 45,267,232,922.94
Apparel 2.02 7,462.31 1,134,346,587.65
New vehicles 1.04 837.53 140,629,699.39
Used cars and trucks 0.62 282.16 57,324,030.64
Transportation services 4.03 503,144.73 75,486,708,874.76
Medical care services 5.08 4,469,496.67 670,439,500,980.83
Medical care commodities 3.00 59,373.19 8,920,979,138.52

It's important to note that not all categories may be tracked since 1803. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $15,000,000 since 1803

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 1803
×
1803 USD value
=
2019 USD value

Then plug in historical CPI values. The U.S. CPI was 11.3 in the year 1803 and 256.759 in 2019:

256.75911.3
×
$15,000,000
=
$340,830,530.97

$15,000,000 in 1803 has the same "purchasing power" or "buying power" as $340,830,530.97 in 2019.

To get the total inflation rate for the 216 years between 1803 and 2019, we use the following formula:

CPI in 2019 - CPI in 1803CPI in 1803
×
100
=
Cumulative inflation rate (216 years)

Plugging in the values to this equation, we get:

256.759 - 11.311.3
×
100
=
2,172%

News headlines from 1803

Politics and news often influence economic performance. Here's what was happening at the time:

  • John Hawkins and Richard French, patent the reaping machine
  • America makes the Louisiana Purchase.
  • The Surrey Iron Railway opens in London
  • The Louisiana Purchase is formally marked by the lowering of the French flag in New Orleans
  • 1978 Sweden introduces a ban on aerosols.
  • Over 30 countries ratify the Environmental Modification Convention, prohibiting weather warefare
  • Karol Wojtyla, Polish Cardinal, is elected as the new pope, taking the name Pope John Paul II
  • Iranian General Gholam Reza Azhari forms a military government placing Iran under military rule.
  • 918 members of Peoples Temple cult, led by Jim Jones, were murdered or committed suicide in Jonestown Guyana.

Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “$15,000,000 in 1803 → 2019 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Oct. 2019, https://www.officialdata.org/1803-dollars-in-2019?amount=15000000.

Special thanks to QuickChart for providing downloadable chart images.


» Read more about inflation and investment.

Inflation from 1803 to 2019
Cumulative price change 2,172.20%
Average inflation rate 1.46%
Converted amount ($15,000,000 base) $340,830,530.97
Price difference ($15,000,000 base) $325,830,530.97
CPI in 1803 11.300
CPI in 2019 256.759
Inflation in 1803 5.61%
Inflation in 2019 1.71%
Download Image