\$1 in 2005 is worth \$165,220,192,701.03 today

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Value of \$1 from 2005 to 2020

\$1 in 2005 is equivalent in purchasing power to about \$165,220,192,701.03 today, an increase of \$165,220,192,700.03 over 15 years. The bolivar had an average inflation rate of 459.59% per year between 2005 and today, producing a cumulative price increase of 16,522,019,270,002.76%.

This means that today's prices are 165,220,192,701.03 times higher than average prices since 2005, according to the International Monetary Fund consumer price index. A bolivar today only buys NaN% of what it could buy back then.

The 2005 inflation rate was 16.00%. 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 \$1 today will roughly maintain its value.

 Cumulative price change 16,522,019,270,002.76% Average inflation rate 459.59% Converted amount (\$1 base) \$165,220,192,701.03 Price difference (\$1 base) \$165,220,192,700.03 CPI in 2005 91,962.730 CPI in 2020 15,194,100,000,000,000.000 Inflation in 2005 16.00% Inflation in 2020 0.00% \$1 in 2005 \$165,220,192,701.03 in 2020

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

Buying power of \$1 in 2005

This chart shows a calculation of buying power equivalence for \$1 in 2005 (price index tracking began in 1979).

For example, if you started with \$1, you would need to end with \$165,220,192,701.03 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$165,220,192,701.03 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 2005 dollars, the chart below shows how \$1 is worth less over 15 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: 2005-2020
Year Bolivar Value Inflation Rate
2005 \$1.00 16.00%
2006 \$1.14 13.70%
2007 \$1.35 18.70%
2008 \$1.77 31.40%
2009 \$2.23 26.00%
2010 \$2.86 28.20%
2011 \$3.61 26.10%
2012 \$4.37 21.10%
2013 \$6.28 43.50%
2014 \$9.87 57.30%
2015 \$20.91 111.80%
2016 \$74.12 254.40%
2017 \$880.15 1,087.50%
2018 \$12,058,978.65 1,370,000.00%
2019 \$165,220,192,701.03 1,370,001.05%
2020 \$165,220,192,701.03 0.00%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 9 more rows

This conversion table shows various other 2005 amounts in today's bolivars, based on the 16,522,019,270,002.76% change in prices:

Conversion: 2005 bolivars today
Initial value Equivalent value
\$1 bolivar in 2005 \$165,220,192,701.03 bolivars today
\$5 bolivars in 2005 \$826,100,963,505.14 bolivars today
\$10 bolivars in 2005 \$1,652,201,927,010.28 bolivars today
\$50 bolivars in 2005 \$8,261,009,635,051.38 bolivars today
\$100 bolivars in 2005 \$16,522,019,270,102.76 bolivars today
\$500 bolivars in 2005 \$82,610,096,350,513.78 bolivars today
\$1,000 bolivars in 2005 \$165,220,192,701,027.56 bolivars today
\$5,000 bolivars in 2005 \$826,100,963,505,137.75 bolivars today
\$10,000 bolivars in 2005 \$1,652,201,927,010,275.50 bolivars today
\$50,000 bolivars in 2005 \$8,261,009,635,051,378.00 bolivars today
\$100,000 bolivars in 2005 \$16,522,019,270,102,756.00 bolivars today
\$500,000 bolivars in 2005 \$82,610,096,350,513,776.00 bolivars today
\$1,000,000 bolivars in 2005 \$165,220,192,701,027,552.00 bolivars today

How to Calculate Inflation Rate for \$1 since 2005

Our calculations use the following inflation rate formula to calculate the change in value between 2005 and today:

CPI today CPI in 2005
×
2005 VEF value
=
Today's value

Then plug in historical CPI values. The Venezuelan CPI was 91962.73017 in the year 2005 and 15194100000000000 in 2020:

1519410000000000091962.73017
×
\$1
=
\$165,220,192,701.03

\$1 in 2005 has the same "purchasing power" or "buying power" as \$165,220,192,701.03 in 2020.

To get the total inflation rate for the 15 years between 2005 and 2020, we use the following formula:

CPI in 2020 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (15 years)

Plugging in the values to this equation, we get:

15194100000000000 - 91962.7301791962.73017
×
100
=
16,522,019,270,003%

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

• Egyptian President Hosni Mubarak asks Parliament to amend Article 76 and orders constitutional changes in order to allow multi-candidate presidential elections.
• Syria's 29-year-long military domination of Lebanon ends, after it withdraws the last of its 14,000 troops under international pressure.
• A coordinated bomb attack hits London's public transport system, during the morning rush hour, killing 52 and injuring a further 700 people.
• Angela Merkel becomes first female Chancellor of Germany.

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: “\$1 in 2005 → 2020 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Nov. 2021, https://www.officialdata.org/venezuela/inflation/2005?amount=1&endYear=2020.

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