$1 in 2010 is worth $57,676,381,406.19 today

$

Value of $1 from 2010 to 2020

According to the International Monetary Fund consumer price index, today's prices in 2020 are 5,767,638,140,518.89% higher than average prices since 2010. The Venezuelan Bolivar experienced an average inflation rate of 1,091.52% per year during this period, causing the real value of a bolivar to decrease.

In other words, $1 in 2010 is equivalent in purchasing power to about $57,676,381,406.19 in 2020, a difference of $57,676,381,405.19 over 10 years.

The 2010 inflation rate was 28.20%. 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.


Inflation from 2010 to 2020
Cumulative price change 5,767,638,140,518.89%
Average inflation rate 1,091.52%
Converted amount ($1 base) $57,676,381,406.19
Price difference ($1 base) $57,676,381,405.19
CPI in 2010 263,437.123
CPI in 2020 15,194,100,000,000,000.000
Inflation in 2010 28.20%
Inflation in 2020 0.00%

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

Buying power of $1 in 2010

This chart shows a calculation of buying power equivalence for $1 in 2010 (price index tracking began in 1979).

For example, if you started with $1, you would need to end with $57,676,381,406.19 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $57,676,381,406.19 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 2010 dollars, the chart below shows how $1 is worth less over 10 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: 2010-2020
Year Bolivar Value Inflation Rate
2010 $1.00 28.20%
2011 $1.26 26.10%
2012 $1.53 21.10%
2013 $2.19 43.50%
2014 $3.45 57.30%
2015 $7.30 111.80%
2016 $25.87 254.40%
2017 $307.25 1,087.50%
2018 $4,209,644.36 1,370,000.00%
2019 $57,676,381,406.19 1,370,001.05%
2020 $57,676,381,406.19 0.00%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 4 more rows

This conversion table shows various other 2010 amounts in today's bolivars, based on the 5,767,638,140,518.89% change in prices:

Conversion Table: Value of a bolivar today
Initial value Equivalent value
$1 bolivar in 2010 $57,676,381,406.19 bolivars today
$5 bolivars in 2010 $288,381,907,030.94 bolivars today
$10 bolivars in 2010 $576,763,814,061.89 bolivars today
$50 bolivars in 2010 $2,883,819,070,309.44 bolivars today
$100 bolivars in 2010 $5,767,638,140,618.89 bolivars today
$500 bolivars in 2010 $28,838,190,703,094.43 bolivars today
$1,000 bolivars in 2010 $57,676,381,406,188.86 bolivars today
$5,000 bolivars in 2010 $288,381,907,030,944.31 bolivars today
$10,000 bolivars in 2010 $576,763,814,061,888.63 bolivars today
$50,000 bolivars in 2010 $2,883,819,070,309,443.00 bolivars today
$100,000 bolivars in 2010 $5,767,638,140,618,886.00 bolivars today
$500,000 bolivars in 2010 $28,838,190,703,094,424.00 bolivars today
$1,000,000 bolivars in 2010 $57,676,381,406,188,848.00 bolivars today

How to Calculate Inflation Rate for $1 since 2010

Our calculations use the following inflation rate formula to calculate the change in value between 2010 and today:

CPI today CPI in 2010
×
2010 VEF value
=
Today's value

Then plug in historical CPI values. The Venezuelan CPI was 263437.1233 in the year 2010 and 15194100000000000 in 2020:

15194100000000000263437.1233
×
$1
=
$57,676,381,406.19

$1 in 2010 has the same "purchasing power" or "buying power" as $57,676,381,406.19 in 2020.

To get the total inflation rate for the 10 years between 2010 and 2020, we use the following formula:

CPI in 2020 - CPI in 2010CPI in 2010
×
100
=
Cumulative inflation rate (10 years)

Plugging in the values to this equation, we get:

15194100000000000 - 263437.1233263437.1233
×
100
=
5,767,638,140,519%

News headlines from 2010

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

  • The Copiapo mining accident in Chile ends, after 33 miners resurface having spent 69 days trapped in the ruins.
  • Big Haiti earthquake kills 230,000 people and leaves most of Port-au-Prince, its capital, in ruins.
  • An explosion on the Deepwater Horizon (a drilling rig), kills 11 people and spills a massive amount of oil into the Gulf of Mexico.
  • The US army abolishes the "Don't Ask Don't Tell" policy, which had banned homosexuals from openly serving in the US military.

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 2010 → 2020 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Dec. 2020, https://www.officialdata.org/venezuela/inflation/2010?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.


Ian Webster

About the author

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 2010 to 2020
Cumulative price change 5,767,638,140,518.89%
Average inflation rate 1,091.52%
Converted amount ($1 base) $57,676,381,406.19
Price difference ($1 base) $57,676,381,405.19
CPI in 2010 263,437.123
CPI in 2020 15,194,100,000,000,000.000
Inflation in 2010 28.20%
Inflation in 2020 0.00%