# \$100 in 1985 is worth \$7,403,499,422,476,516 today

\$

## Why a bolivar today is worth only NaN% of a bolivar in 1985

Updated: January 13, 2020

\$100 in 1985 is equivalent in purchasing power to about \$7,403,499,422,476,516 today, an increase of \$7,403,499,422,476,416.00 over 35 years. The bolivar had an average inflation rate of 149.04% per year between 1985 and today, producing a cumulative price increase of 7,403,499,422,476,416.00%.

This means that today's prices are 74,034,994,224,765.16 times higher than average prices since 1985, according to the International Monetary Fund consumer price index. A bolivar today only buys NaN% of what it could buy back then.

The 1985 inflation rate was 11.40%. 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 7,403,499,422,476,416.00% Average inflation rate 149.04% Converted amount (\$100 base) \$7,403,499,422,476,516 Price difference (\$100 base) \$7,403,499,422,476,416.00 CPI in 1985 205.229 CPI in 2020 15,194,100,000,000,000.000 Inflation in 1985 11.40% Inflation in 2020 0.00% \$100 in 1985 \$7,403,499,422,476,516 in 2020

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

## Buying power of \$100 in 1985

This chart shows a calculation of buying power equivalence for \$100 in 1985 (price index tracking began in 1979).

For example, if you started with \$100, you would need to end with \$7,403,499,422,476,516 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$7,403,499,422,476,516 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 1985 dollars, the chart below shows how \$100 is worth less over 35 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: 1985-2020
Year Bolivar Value Inflation Rate
1985 \$100.00 11.40%
1986 \$111.50 11.50%
1987 \$142.83 28.10%
1988 \$184.97 29.50%
1989 \$341.26 84.50%
1990 \$480.16 40.70%
1991 \$644.37 34.20%
1992 \$846.70 31.40%
1993 \$1,169.30 38.10%
1994 \$1,880.23 60.80%
1995 \$3,006.49 59.90%
1996 \$6,009.98 99.90%
1997 \$9,014.97 50.00%
1998 \$12,242.33 35.80%
1999 \$15,131.52 23.60%
2000 \$17,582.83 16.20%
2001 \$19,780.68 12.50%
2002 \$24,211.55 22.40%
2003 \$31,741.35 31.10%
2004 \$38,629.22 21.70%
2005 \$44,809.89 16.00%
2006 \$50,948.85 13.70%
2007 \$60,476.29 18.70%
2008 \$79,465.84 31.40%
2009 \$100,126.96 26.00%
2010 \$128,362.76 28.20%
2011 \$161,865.44 26.10%
2012 \$196,019.05 21.10%
2013 \$281,287.33 43.50%
2014 \$442,464.97 57.30%
2015 \$937,140.81 111.80%
2016 \$3,321,227.03 254.40%
2017 \$39,439,571.01 1,087.50%
2018 \$540,361,562,346.02 1,370,000.00%
2019 \$7,403,499,422,476,516.00 1,370,001.05%
2020 \$7,403,499,422,476,516.00 0.00%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 29 more rows

This conversion table shows various other 1985 amounts in today's bolivars, based on the 7,403,499,422,476,416.00% change in prices:

Conversion: 1985 bolivars today
Initial value Equivalent value
\$1 bolivar in 1985 \$74,034,994,224,765.16 bolivars today
\$5 bolivars in 1985 \$370,174,971,123,825.75 bolivars today
\$10 bolivars in 1985 \$740,349,942,247,651.50 bolivars today
\$50 bolivars in 1985 \$3,701,749,711,238,258.00 bolivars today
\$100 bolivars in 1985 \$7,403,499,422,476,516.00 bolivars today
\$500 bolivars in 1985 \$37,017,497,112,382,584.00 bolivars today
\$1,000 bolivars in 1985 \$74,034,994,224,765,152.00 bolivars today
\$5,000 bolivars in 1985 \$370,174,971,123,825,792.00 bolivars today
\$10,000 bolivars in 1985 \$740,349,942,247,651,584.00 bolivars today
\$50,000 bolivars in 1985 \$3,701,749,711,238,257,664.00 bolivars today
\$100,000 bolivars in 1985 \$7,403,499,422,476,515,328.00 bolivars today
\$500,000 bolivars in 1985 \$37,017,497,112,382,578,688.00 bolivars today
\$1,000,000 bolivars in 1985 \$74,034,994,224,765,157,376.00 bolivars today

## How to Calculate Inflation Rate for \$100 since 1985

Our calculations use the following inflation rate formula to calculate the change in value between 1985 and today:

CPI today CPI in 1985
×
1985 VEF value
=
Today's value

Then plug in historical CPI values. The Venezuelan CPI was 205.2286241 in the year 1985 and 15194100000000000 in 2020:

15194100000000000205.2286241
×
\$100
=
\$7,403,499,422,476,516

\$100 in 1985 has the same "purchasing power" or "buying power" as \$7,403,499,422,476,516 in 2020.

To get the total inflation rate for the 35 years between 1985 and 2020, we use the following formula:

CPI in 2020 - CPI in 1985CPI in 1985
×
100
=
Cumulative inflation rate (35 years)

Plugging in the values to this equation, we get:

15194100000000000 - 205.2286241205.2286241
×
100
=
7,403,499,422,476,416%

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

• Mikhail Gorbachev replaces Konstantin Chernenko as leader of the Soviet Union.
• Earthquake with a magnitude of 8.1 rocks Mexico City and kills 10,000 people, leaving over 250,000 homeless.
• Mikhail Gorbachev (leader of the Soviet Union) and Ronald Reagan (President of the United States) meet for the first time.
• Ernie Wise makes the first mobile phone call in the UK.

## 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: “Value of 1985 bolivars today | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Jan. 2021, https://www.officialdata.org/venezuela/inflation/1985.

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

in2013dollars.com is a reference website maintained by the Official Data Foundation.