Six Ways to Compute the Relative Value of a U.S. Dollar Amount, 1774 to Present

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In 2008, $15.00 from 1803 is worth:

$294.67 using the Consumer Price Index
$274.49 using the GDP deflator
$4,502.63 using the unskilled wage
$468.02 using the real GDP per capita
$448,977.77 using the relative share of GDP

The 2008 observation for consumer bundle is a preliminary number that will change.

If you need help determining which result is most appropriate for you, see Choosing the Best Indicator to Measure Relative Worth.

For construction of the Indicators, go to CPI | GDP | Consumer Bundle | Unskilled Wage series.

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Citation

Samuel H. Williamson, "Six Ways to Compute the Relative Value of a U.S. Dollar Amount, 1790 to Present," MeasuringWorth, 2009. URL http://www.measuringworth.com/uscompare/

Please read our Note on Data Revisions.

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