Value of Bs. 1 from 2000 to 2021
Bs. 1 in 2000 is equivalent in purchasing power to about Bs. 471,474,860.21 today, an increase of Bs. 471,474,859.21 over 21 years. Cumulative inflation since 2000 is 47,147,485,921.35%: the bolivar had an average inflation rate of 158.83% per year between 2000 and today.
This means that today's prices are 471,474,860.21 times as high as average prices in 2000, according to the International Monetary Fund consumer price index. A bolivar today only buys NaN% of what it could buy back then.
The inflation rate in 2000 was 16.20%. The current inflation rate compared to the end of last year is now 2,700.00%. If this number holds, Bs. 1 today will be equivalent in buying power to Bs. 28.00 next year.
Contents
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| Cumulative price change | 47,147,485,921.35% |
| Average inflation rate | 158.83% |
|
Converted amount
Bs. 1 base | Bs. 471,474,860.21 |
|
Price difference
Bs. 1 base | Bs. 471,474,859.21 |
| CPI in 2000 | 36,084.996 |
| CPI in 2021 | 17,013,168,256,313.000 |
| Inflation in 2000 | 16.20% |
| Inflation in 2021 | 2,700.00% |
| Bs. 1 in 2000 | Bs. 471,474,860.21 in 2021 |
Buying power of Bs. 1 in 2000
This chart shows a calculation of buying power equivalence for Bs. 1 in 2000 (price index tracking began in 1979).
For example, if you started with Bs. 1, you would need to end with Bs. 471,474,860.21 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Bs. 1 is equivalent to Bs. 471,474,860.21 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 2000 dollars, the chart below shows how Bs. 1 is worth less over 21 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:
This conversion table shows various other 2000 amounts in today's bolivars, based on the 47,147,485,921.35% change in prices:
| Initial value | Equivalent value |
|---|---|
| Bs. 1 bolivar in 2000 | Bs. 471,474,860.21 bolivars today |
| Bs. 5 bolivars in 2000 | Bs. 2,357,374,301.07 bolivars today |
| Bs. 10 bolivars in 2000 | Bs. 4,714,748,602.13 bolivars today |
| Bs. 50 bolivars in 2000 | Bs. 23,573,743,010.67 bolivars today |
| Bs. 100 bolivars in 2000 | Bs. 47,147,486,021.35 bolivars today |
| Bs. 500 bolivars in 2000 | Bs. 235,737,430,106.73 bolivars today |
| Bs. 1,000 bolivars in 2000 | Bs. 471,474,860,213.45 bolivars today |
| Bs. 5,000 bolivars in 2000 | Bs. 2,357,374,301,067.26 bolivars today |
| Bs. 10,000 bolivars in 2000 | Bs. 4,714,748,602,134.51 bolivars today |
| Bs. 50,000 bolivars in 2000 | Bs. 23,573,743,010,672.56 bolivars today |
| Bs. 100,000 bolivars in 2000 | Bs. 47,147,486,021,345.12 bolivars today |
| Bs. 500,000 bolivars in 2000 | Bs. 235,737,430,106,725.56 bolivars today |
| Bs. 1,000,000 bolivars in 2000 | Bs. 471,474,860,213,451.13 bolivars today |
How to calculate inflation rate for Bs. 1 since 2000
Our calculations use the following inflation rate formula to calculate the change in value between 2000 and today:
CPI todayCPI in 2000
×
2000 VEF value
=
Today's value
Then plug in historical CPI values. The Venezuelan CPI was 36084.9956 in the year 2000 and 17013168256313 in 2021:
1701316825631336084.9956
×
Bs. 1
=
Bs. 471,474,860.21
Bs. 1 in 2000 has the same "purchasing power" or "buying power" as Bs. 471,474,860.21 in 2021.
To get the total inflation rate for the 21 years between 2000 and 2021, we use the following formula:
CPI in 2021 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (21 years)
Plugging in the values to this equation, we get:
17013168256313 - 36084.995636084.9956
×
100
=
47,147,485,921%
Frequently asked questions
How much is Bs. 1 from 2000 worth today?
Bs. 1 in 2000 has about the same buying power as Bs. 471,474,860.21 today, based on the consumer price index published by the International Monetary Fund. Prices today are 471,474,860.21 times as high as they were in 2000.
What was the inflation rate in 2000?
The Venezuelan inflation rate in 2000 was 16.20%, measured as the change in the consumer price index from 1999 to 2000. See inflation in 2000 for more detail.
What has the average inflation rate been since 2000?
Prices rose by an average of 158.83% per year between 2000 and today, a cumulative increase of 47,147,485,921.35%. Because inflation compounds, these yearly changes add up over 21 years.
How is this calculated?
Divide the CPI in 2021 (17,013,168,256,313) by the CPI in 2000 (36,084.996), then multiply by the original amount: 17,013,168,256,313 ÷ 36,084.996 × Bs. 1 = Bs. 471,474,860.21. See the step-by-step formula above.
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: “Bs. 1 in 2000 → 2021 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/venezuela/inflation/2000?amount=1.
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.
| Cumulative price change | 47,147,485,921.35% |
| Average inflation rate | 158.83% |
|
Converted amount
Bs. 1 base | Bs. 471,474,860.21 |
|
Price difference
Bs. 1 base | Bs. 471,474,859.21 |
| CPI in 2000 | 36,084.996 |
| CPI in 2021 | 17,013,168,256,313.000 |
| Inflation in 2000 | 16.20% |
| Inflation in 2021 | 2,700.00% |
| Bs. 1 in 2000 | Bs. 471,474,860.21 in 2021 |