$10,000 in 1980 is worth $50,719.70 in 2023

👉 You may be interested in $10,000 in 1980 → 2024

Value of $10,000 from 1980 to 2023

$10,000 in 1980 is equivalent in purchasing power to about $50,719.70 in 2023, an increase of $40,719.70 over 43 years. The dollar had an average inflation rate of 3.85% per year between 1980 and 2023, producing a cumulative price increase of 407.20%.

This means that prices in 2023 are 5.07 times as high as average prices since 1980, according to the Bureau of Statistics consumer price index.

The inflation rate in 1980 was 10.46%. The inflation rate in 2023 was 5.18%. The 2023 inflation rate is higher compared to the average inflation rate of 1.05% per year between 2023 and 2024.


Inflation from 1980 to 2023
Cumulative price change407.20%
Average inflation rate3.85%
Converted amount
$10,000 base
$50,719.70
Price difference
$10,000 base
$40,719.70
CPI in 198026.400
CPI in 2023133.900
Inflation in 198010.46%
Inflation in 20235.18%
$10,000 in 1980$50,719.70 in 2023

AUD inflation since 1980
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $10,000 in 1980

This chart shows a calculation of buying power equivalence for $10,000 in 1980 (price index tracking began in 1922).

For example, if you started with $10,000, you would need to end with $50,719.70 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $10,000 is equivalent to $50,719.70 over time, that means that the "real value" of a single Australian 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 1980 dollars, the chart below shows how $10,000 is worth less over 43 years.

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

Dollar inflation: 1980-2023
YearDollar ValueInflation Rate
1980$10,000.0010.46%
1981$10,946.979.47%
1982$12,159.0911.07%
1983$13,409.0910.28%
1984$13,939.393.95%
1985$14,848.486.52%
1986$16,212.129.18%
1987$17,575.768.41%
1988$18,863.647.33%
1989$20,265.157.43%
1990$21,780.307.48%
1991$22,462.123.13%
1992$22,689.391.01%
1993$23,068.181.67%
1994$23,522.731.97%
1995$24,621.214.67%
1996$25,265.152.62%
1997$25,340.910.30%
1998$25,530.300.75%
1999$25,909.091.48%
2000$27,083.334.53%
2001$28,257.584.34%
2002$29,128.793.08%
2003$29,924.242.73%
2004$30,606.062.28%
2005$31,439.392.72%
2006$32,537.883.49%
2007$33,295.452.33%
2008$34,772.734.44%
2009$35,378.791.74%
2010$36,401.522.89%
2011$37,613.643.33%
2012$38,257.581.71%
2013$39,204.552.48%
2014$40,189.392.51%
2015$40,795.451.51%
2016$41,325.761.30%
2017$42,121.211.92%
2018$42,916.671.89%
2019$43,598.481.59%
2020$43,977.270.87%
2021$45,227.272.84%
2022$48,219.706.62%
2023$50,719.705.18%
2024$51,250.001.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 37 more rows

This conversion table shows various other 1980 amounts in 2023 dollars, based on the 407.20% change in prices:

Conversion: 1980 dollars in 2023
Initial valueEquivalent value
$1 dollar in 1980$5.07 dollars in 2023
$5 dollars in 1980$25.36 dollars in 2023
$10 dollars in 1980$50.72 dollars in 2023
$50 dollars in 1980$253.60 dollars in 2023
$100 dollars in 1980$507.20 dollars in 2023
$500 dollars in 1980$2,535.98 dollars in 2023
$1,000 dollars in 1980$5,071.97 dollars in 2023
$5,000 dollars in 1980$25,359.85 dollars in 2023
$10,000 dollars in 1980$50,719.70 dollars in 2023
$50,000 dollars in 1980$253,598.48 dollars in 2023
$100,000 dollars in 1980$507,196.97 dollars in 2023
$500,000 dollars in 1980$2,535,984.85 dollars in 2023
$1,000,000 dollars in 1980$5,071,969.70 dollars in 2023

How to calculate inflation rate for $10,000, 1980 to 2023

Our calculations use the following inflation rate formula to calculate the change in value between 1980 and 2023:

CPI in 2023 CPI in 1980
×
1980 AUD value
=
2023 AUD value

Then plug in historical CPI values. The Australian CPI was 26.4 in the year 1980 and 133.9 in 2023:

133.926.4
×
$10,000
=
$50,719.70

$10,000 in 1980 has the same "purchasing power" or "buying power" as $50,719.70 in 2023.

To get the total inflation rate for the 43 years between 1980 and 2023, we use the following formula:

CPI in 2023 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (43 years)

Plugging in the values to this equation, we get:

133.9 - 26.426.4
×
100
=
407%

Data source & citation

Raw data for these calculations comes from the government of Australia's annual (CPI) as provided by the Reserve Bank of Australia. The consumer price index was established in 1922 and is tracked by Australian Bureau of Statistics (ABS).

You may use the following MLA citation for this page: “$10,000 in 1980 → 2023 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/australia/inflation/1980?amount=10000&endYear=2023.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


Ian Webster

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1980 to 2023
Cumulative price change407.20%
Average inflation rate3.85%
Converted amount
$10,000 base
$50,719.70
Price difference
$10,000 base
$40,719.70
CPI in 198026.400
CPI in 2023133.900
Inflation in 198010.46%
Inflation in 20235.18%
$10,000 in 1980$50,719.70 in 2023