# \$1 in 2015 is worth \$8,845,907.89 today

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## Value of \$1 from 2015 to 2021

\$1 in 2015 is equivalent in purchasing power to about \$8,845,907.89 today, an increase of \$8,845,906.89 over 6 years. The bolivar had an average inflation rate of 1,338.10% per year between 2015 and today, producing a cumulative price increase of 884,590,688.70%.

This means that today's prices are 8,845,907.89 times higher than average prices since 2015, according to the International Monetary Fund consumer price index. A bolivar today only buys 0.000% of what it could buy back then.

The inflation rate in 2015 was 111.80%. The current inflation rate compared to last year is now 2,700.00%. If this number holds, \$1 today will be equivalent in buying power to \$28.00 next year.

 Cumulative price change 884,590,688.70% Average inflation rate 1,338.10% Converted amount (\$1 base) \$8,845,907.89 Price difference (\$1 base) \$8,845,906.89 CPI in 2015 1,923,281.191 CPI in 2021 17,013,168,256,313.000 Inflation in 2015 111.80% Inflation in 2021 2,700.00% \$1 in 2015 \$8,845,907.89 in 2021

VEF inflation since 2015
Annual Rate, the International Monetary Fund CPI

## Buying power of \$1 in 2015

This chart shows a calculation of buying power equivalence for \$1 in 2015 (price index tracking began in 1979).

For example, if you started with \$1, you would need to end with \$8,845,907.89 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$8,845,907.89 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 2015 dollars, the chart below shows how \$1 is worth less over 6 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: 2015-2021
YearBolivar ValueInflation Rate
2015\$1.00111.80%
2016\$3.54254.40%
2017\$12.58254.90%
2018\$66.89431.80%
2019\$12,842.4919,100.00%
2020\$315,925.282,360.00%
2021\$8,845,907.892,700.00%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2015 amounts in today's bolivars, based on the 884,590,688.70% change in prices:

Conversion: 2015 bolivars today
Initial valueEquivalent value
\$1 bolivar in 2015\$8,845,907.89 bolivars today
\$5 bolivars in 2015\$44,229,539.43 bolivars today
\$10 bolivars in 2015\$88,459,078.87 bolivars today
\$50 bolivars in 2015\$442,295,394.35 bolivars today
\$100 bolivars in 2015\$884,590,788.70 bolivars today
\$500 bolivars in 2015\$4,422,953,943.48 bolivars today
\$1,000 bolivars in 2015\$8,845,907,886.96 bolivars today
\$5,000 bolivars in 2015\$44,229,539,434.81 bolivars today
\$10,000 bolivars in 2015\$88,459,078,869.62 bolivars today
\$50,000 bolivars in 2015\$442,295,394,348.11 bolivars today
\$100,000 bolivars in 2015\$884,590,788,696.22 bolivars today
\$500,000 bolivars in 2015\$4,422,953,943,481.11 bolivars today
\$1,000,000 bolivars in 2015\$8,845,907,886,962.23 bolivars today

## How to calculate inflation rate for \$1 since 2015

Our calculations use the following inflation rate formula to calculate the change in value between 2015 and today:

CPI today CPI in 2015
×
2015 VEF value
=
Today's value

Then plug in historical CPI values. The Venezuelan CPI was 1923281.191 in the year 2015 and 17013168256313 in 2021:

170131682563131923281.191
×
\$1
=
\$8,845,907.89

\$1 in 2015 has the same "purchasing power" or "buying power" as \$8,845,907.89 in 2021.

To get the total inflation rate for the 6 years between 2015 and 2021, we use the following formula:

CPI in 2021 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (6 years)

Plugging in the values to this equation, we get:

17013168256313 - 1923281.1911923281.191
×
100
=
884,590,689%

## 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 2015 → 2021 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 13 Aug. 2022, https://www.officialdata.org/venezuela/inflation/2015?amount=1&endYear=2021.

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