Seven Ways to Compute the Relative Value of a U.S. Dollar Amount - 1774 to Present
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In 2009, the relative worth of $16,000.00 from 1875 is:
| $323,000.00 | using the Consumer Price Index | |
| $303,000.00 | using the GDP deflator | |
| $2,190,000.00 | using the unskilled wage | |
| $3,610,000.00 | using the Production Worker Compensation | |
| $4,050,000.00 | using the nominal GDP per capita | |
| $27,400,000.00 | using the relative share of GDP | |
Data for consumer bundle only starts in 1900. | ||
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 | Compensation of Production Workers series.
Citation
Samuel H. Williamson, "Seven Ways to Compute the Relative Value of a U.S. Dollar Amount, 1774 to present," MeasuringWorth, April .
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