# \$15,000,000 in 1803 is worth \$339,368,362.83 in 2019

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👉 You may be interested in \$15,000,000 in 1803 → 2020

## Value of \$15,000,000 from 1803 to 2019

According to the Bureau of Labor Statistics consumer price index, prices in 2019 are 2,162.46% higher than average prices since 1803. The U.S. dollar experienced an average inflation rate of 1.45% per year during this period, causing the real value of a dollar to decrease.

In other words, \$15,000,000 in 1803 is equivalent in purchasing power to about \$339,368,362.83 in 2019, a difference of \$324,368,362.83 over 216 years.

The 1803 inflation rate was 5.61%. The inflation rate in 2019 was 1.76%. The 2019 inflation rate is higher compared to the average inflation rate of 0.29% per year between 2019 and 2020.

 Cumulative price change 2,162.46% Average inflation rate 1.45% Converted amount (\$15,000,000 base) \$339,368,362.83 Price difference (\$15,000,000 base) \$324,368,362.83 CPI in 1803 11.300 CPI in 2019 255.658 Inflation in 1803 5.61% Inflation in 2019 1.76%

USD Inflation since 1635
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$15,000,000 in 1803

This chart shows a calculation of buying power equivalence for \$15,000,000 in 1803 (price index tracking began in 1635).

For example, if you started with \$15,000,000, you would need to end with \$339,368,362.83 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$15,000,000 is equivalent to \$339,368,362.83 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1803 dollars, the chart below shows how \$15,000,000 is worth less over 216 years.

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:

Dollar inflation: 1803-2019
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 \$333,491,150.44 2.49%
2019 \$339,368,362.83 1.76%
2020 \$340,339,380.53 0.29%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 210 more rows

This conversion table shows various other 1803 amounts in 2019 dollars, based on the 2,162.46% change in prices:

Conversion Table: Value of a dollar in 2019
Initial value Equivalent value
\$1 dollar in 1803 \$22.62 dollars in 2019
\$5 dollars in 1803 \$113.12 dollars in 2019
\$10 dollars in 1803 \$226.25 dollars in 2019
\$50 dollars in 1803 \$1,131.23 dollars in 2019
\$100 dollars in 1803 \$2,262.46 dollars in 2019
\$500 dollars in 1803 \$11,312.28 dollars in 2019
\$1,000 dollars in 1803 \$22,624.56 dollars in 2019
\$5,000 dollars in 1803 \$113,122.79 dollars in 2019
\$10,000 dollars in 1803 \$226,245.58 dollars in 2019
\$50,000 dollars in 1803 \$1,131,227.88 dollars in 2019
\$100,000 dollars in 1803 \$2,262,455.75 dollars in 2019
\$500,000 dollars in 1803 \$11,312,278.76 dollars in 2019
\$1,000,000 dollars in 1803 \$22,624,557.52 dollars in 2019

## 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 \$324,368,362.83 and total percent change of 2,162.46%.

## Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1803 and 2019.

Compare these values to the overall average of 1.45% per year:

Category Avg Inflation (%) Total Inflation (%) \$15,000,000 in 1803 → 2019
Food and beverages 3.92 401,897.01 60,299,551,361.49
Housing 4.23 775,295.11 116,309,266,303.43
Apparel 2.02 7,408.71 1,126,307,053.93
Transportation 3.26 101,936.76 15,305,513,906.38
Medical care 5.14 4,986,101.29 747,930,193,802.99
Recreation 1.10 953.86 158,079,507.89
Education and communication 1.85 5,135.09 785,264,003.89
Other goods and services 5.04 4,063,450.43 609,532,564,001.05

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1803. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$15,000,000, 1803 to 2019

Our calculations use the following inflation rate formula to calculate the change in value between 1803 and 2019:

CPI in 2019 CPI 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 255.6575 in 2019:

255.657511.3
×
\$15,000,000
=
\$339,368,362.83

\$15,000,000 in 1803 has the same "purchasing power" or "buying power" as \$339,368,362.83 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:

255.6575 - 11.311.3
×
100
=
2,162%

## 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.” Official Inflation Data, Alioth Finance, 27 May. 2020, https://www.officialdata.org/1803-dollars-in-2019?amount=15000000.

Special thanks to QuickChart for providing downloadable chart images.

#### About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

 Cumulative price change 2,162.46% Average inflation rate 1.45% Converted amount (\$15,000,000 base) \$339,368,362.83 Price difference (\$15,000,000 base) \$324,368,362.83 CPI in 1803 11.300 CPI in 2019 255.658 Inflation in 1803 5.61% Inflation in 2019 1.76%