Venezuela Inflation Calculator
Venezuelan Inflation Rate, Bs$100 in 2000 to 2019
According to the International Monetary Fund consumer price index, today's prices in 2019 are 42,106,420,542,182.13% higher than average prices throughout 2000. The bolivar experienced an average inflation rate of 309.08% per year during this period, meaning the real value of a dollar decreased.
In other words, Bs$100 in 2000 is equivalent in purchasing power to about Bs$42,106,420,542,282.13 in 2019, a difference of Bs$42,106,420,542,182.13 over 19 years.
The 2000 inflation rate was 16.20%. The current inflation rate (2018 to 2019) is now 1,370,001.05%1. If this number holds, Bs$100 today will be equivalent in buying power to Bs$1,370,101.05 next year.
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| Cumulative price change | 42,106,420,542,182.13% |
| Average inflation rate | 309.08% |
| Converted amount (Bs$100 base) | Bs$42,106,420,542,282.13 |
| Price difference (Bs$100 base) | Bs$42,106,420,542,182.13 |
| CPI in 2000 | 36,084.996 |
| CPI in 2019 | 15,194,100,000,000,000.000 |
| Inflation in 2000 | 16.20% |
| Inflation in 2019 | 1,370,001.05% |
Hyperinflation in 2017 and 2018 hides previous fluctuations. Here is the same graph log scaled in order to show more detail:
Buying power of Bs$100 in 2000
This chart shows calculation of buying power equivalence, often referred to as "the value of a bolivar" over time for Bs$100 in 2000 (price index tracking began in 1979).
According to the International Monetary Fund, each of these VEF amounts below is equal in terms of what it could buy at the time:
How to Calculate Inflation Rate for Bs$100 since 2000
This inflation calculator uses the following inflation rate formula:
CPI in 2019CPI in 2000
×
2000 VEF value
=
2019 VEF value
Then plug in historical CPI values. The Venezuelan CPI was 36084.9956 in the year 2000 and 15194100000000000 in 2019:
1519410000000000036084.9956
×
Bs$100
=
Bs$42,106,420,542,282.13
Bs$100 in 2000 has the same "purchasing power" or "buying power" as Bs$42,106,420,542,282.13 in 2019.
To get the total inflation rate for the 19 years between 2000 and 2019, we use the following formula:
CPI in 2019 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (19 years)
Plugging in the values to this equation, we get:
15194100000000000 - 36084.995636084.9956
×
100
=
42,106,420,542,182%
News headlines from 2000
Politics and news often influence economic performance. Here's what was happening at the time:
- Steve Ballmer becomes CEO of Microsoft after Bill Gates steps down.
- Dot-com bubble bursts after NASDAQ Composite stock market index peaks.
- George Bush becomes President of the U.S. in a disputed election that is eventually resolved by the Supreme Court.
- Gisborne, New Zealand becomes the first city to enter the new millennium.
Data Source & Citation
Raw data for these calculations comes from the government of Venezuela's annual (CPI) as provided by the International Monetary Fund.
You may use the following MLA citation for this page: “2000 bolivars in 2019 | Venezuela Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Aug. 2019, https://www.officialdata.org/Venezuela-inflation.
Special thanks to QuickChart for providing downloadable chart images.
| Cumulative price change | 42,106,420,542,182.13% |
| Average inflation rate | 309.08% |
| Converted amount (Bs$100 base) | Bs$42,106,420,542,282.13 |
| Price difference (Bs$100 base) | Bs$42,106,420,542,182.13 |
| CPI in 2000 | 36,084.996 |
| CPI in 2019 | 15,194,100,000,000,000.000 |
| Inflation in 2000 | 16.20% |
| Inflation in 2019 | 1,370,001.05% |