Seven Ways to Compute the Relative Value of a U.S. Dollar Amount - 1774 to Present
In 2013, the relative worth of $1.00 from 1880 is:
|$23.50||using the Consumer Price Index|
|$21.10||using the GDP deflator|
|$154.00||using the unskilled wage|
|$252.00||using the Production Worker Compensation|
|$254.00||using the nominal GDP per capita|
|$1,600.00||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.
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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