# Venezuela Inflation Calculator

\$

## Why a bolivar today is worth only NaN% of a bolivar in 1980

Updated: April 13, 2021

\$100 in 1980 is equivalent in purchasing power to about \$12,515,733,113,673,804 today, an increase of \$12,515,733,113,673,704.00 over 40 years. The bolivar had an average inflation rate of 125.13% per year between 1980 and today, producing a cumulative price increase of 12,515,733,113,673,704.00%.

This means that today's prices are 125,157,331,136,738.05 times higher than average prices since 1980, according to the International Monetary Fund consumer price index. A bolivar today only buys NaN% of what it could buy back then.

The 1980 inflation rate was 21.40%. The current year-over-year inflation rate (2019 to 2020) is now 0.00%1. If this number holds, the rate of inflation is so negligible that \$100 today will roughly maintain its value.

 Cumulative price change 12,515,733,113,673,704.00% Average inflation rate 125.13% Converted amount (\$100 base) \$12,515,733,113,673,804 Price difference (\$100 base) \$12,515,733,113,673,704.00 CPI in 1980 121.400 CPI in 2020 15,194,100,000,000,000.000 Inflation in 1980 21.40% Inflation in 2020 0.00% \$100 in 1980 \$12,515,733,113,673,804 in 2020

VEF Inflation since 1979
Annual Rate, the International Monetary Fund CPI

## Buying power of \$100 in 1980

This chart shows a calculation of buying power equivalence for \$100 in 1980 (price index tracking began in 1979).

For example, if you started with \$100, you would need to end with \$12,515,733,113,673,804 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$12,515,733,113,673,804 over time, that means that the "real value" of a single Venezuelan bolivar decreases over time. In other words, a bolivar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a bolivar over time. By calculating the value in 1980 dollars, the chart below shows how \$100 is worth less over 40 years.

According to the International Monetary Fund, each of these VEF amounts below is equal in terms of what it could buy at the time:

Bolivar inflation: 1980-2020
Year Bolivar Value Inflation Rate
1980 \$100.00 21.40%
1981 \$116.20 16.20%
1982 \$127.36 9.60%
1983 \$135.25 6.20%
1984 \$151.75 12.20%
1985 \$169.05 11.40%
1986 \$188.49 11.50%
1987 \$241.46 28.10%
1988 \$312.69 29.50%
1989 \$576.91 84.50%
1990 \$811.71 40.70%
1991 \$1,089.32 34.20%
1992 \$1,431.37 31.40%
1993 \$1,976.72 38.10%
1994 \$3,178.56 60.80%
1995 \$5,082.53 59.90%
1996 \$10,159.97 99.90%
1997 \$15,239.95 50.00%
1998 \$20,695.85 35.80%
1999 \$25,580.08 23.60%
2000 \$29,724.05 16.20%
2001 \$33,439.56 12.50%
2002 \$40,930.02 22.40%
2003 \$53,659.25 31.10%
2004 \$65,303.31 21.70%
2005 \$75,751.84 16.00%
2006 \$86,129.84 13.70%
2007 \$102,236.12 18.70%
2008 \$134,338.26 31.40%
2009 \$169,266.21 26.00%
2010 \$216,999.28 28.20%
2011 \$273,636.09 26.10%
2012 \$331,373.30 21.10%
2013 \$475,520.69 43.50%
2014 \$747,994.05 57.30%
2015 \$1,584,251.39 111.80%
2016 \$5,614,586.94 254.40%
2017 \$66,673,219.88 1,087.50%
2018 \$913,489,785,476.11 1,370,000.00%
2019 \$12,515,733,113,673,804.00 1,370,001.05%
2020 \$12,515,733,113,673,804.00 0.00%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 34 more rows

This conversion table shows various other 1980 amounts in today's bolivars, based on the 12,515,733,113,673,704.00% change in prices:

Conversion: 1980 bolivars today
Initial value Equivalent value
\$1 bolivar in 1980 \$125,157,331,136,738.05 bolivars today
\$5 bolivars in 1980 \$625,786,655,683,690.25 bolivars today
\$10 bolivars in 1980 \$1,251,573,311,367,380.50 bolivars today
\$50 bolivars in 1980 \$6,257,866,556,836,902.00 bolivars today
\$100 bolivars in 1980 \$12,515,733,113,673,804.00 bolivars today
\$500 bolivars in 1980 \$62,578,665,568,369,016.00 bolivars today
\$1,000 bolivars in 1980 \$125,157,331,136,738,064.00 bolivars today
\$5,000 bolivars in 1980 \$625,786,655,683,690,112.00 bolivars today
\$10,000 bolivars in 1980 \$1,251,573,311,367,380,480.00 bolivars today
\$50,000 bolivars in 1980 \$6,257,866,556,836,901,888.00 bolivars today
\$100,000 bolivars in 1980 \$12,515,733,113,673,803,776.00 bolivars today
\$500,000 bolivars in 1980 \$62,578,665,568,369,016,832.00 bolivars today
\$1,000,000 bolivars in 1980 \$125,157,331,136,738,033,664.00 bolivars today

## How to Calculate Inflation Rate for \$100 since 1980

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

CPI today CPI in 1980
×
1980 VEF value
=
Today's value

Then plug in historical CPI values. The Venezuelan CPI was 121.4 in the year 1980 and 15194100000000000 in 2020:

15194100000000000121.4
×
\$100
=
\$12,515,733,113,673,804

\$100 in 1980 has the same "purchasing power" or "buying power" as \$12,515,733,113,673,804 in 2020.

To get the total inflation rate for the 40 years between 1980 and 2020, we use the following formula:

CPI in 2020 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (40 years)

Plugging in the values to this equation, we get:

15194100000000000 - 121.4121.4
×
100
=
12,515,733,113,673,704%

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

• Princess Victoria is crowned Princess of Sweden.
• Iranian protesters storm the Russian embassy in Iran.
• Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
• Cable News Network (CNN) is transmitted for the first time.
• Saddam Hussein, President of Iraq, declares a holy war on Iran.

## 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: “Venezuela Inflation Calculator: VEF from 1980 to 2020.” Official Inflation Data, Alioth Finance, 20 Apr. 2021, https://www.officialdata.org/venezuela-inflation.

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

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 12,515,733,113,673,704.00% Average inflation rate 125.13% Converted amount (\$100 base) \$12,515,733,113,673,804 Price difference (\$100 base) \$12,515,733,113,673,704.00 CPI in 1980 121.400 CPI in 2020 15,194,100,000,000,000.000 Inflation in 1980 21.40% Inflation in 2020 0.00% \$100 in 1980 \$12,515,733,113,673,804 in 2020