Orders of magnitude (currency)

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This page is a list of currency orders of magnitude, with examples.

Up to 1

Orders of magnitude
(money expressed in United States dollars)
Factor ($) Short scale MoneyItem
10−17One Zimbabwean cent $3.33×10−17Exchange rate on February 2, 2009
10−3One mill $0.001Smallest unit of currency, used in pricing gasoline and computing taxes
10−2One cent $0.01Used chiefly for making change
10−1One dime$0.10Highest common price per page for self-service monochrome photocopying
$0.42–$0.56Price per kilo of bread in Jordan (30–40 qirsh) [1]

1 to 100

100One dollar
$4Typical drink of gourmet coffee
$7.25Current hourly minimum wage in United States, 2017
101Ten dollars$10 Wristwatch with quartz circuit; 20 lb. sack of rice
$15Typical cost of a gym membership
$40–60Typical cost of a video game
102One hundred dollars$199Price of an iPhone 6 in 2014, the most common smartphone in the world [2]
$700Approximate annual GDP per capita (PPP) for Burundi (2017) [3]

1,000 to 100,000

103One thousand dollars$1,000 Used car (15 years old, runs)
$1,000Midrange personal computer
$1,000A nice digital camera
$6,600Approximate GDP per capita (PPP) for the Republic of the Congo (2017) [3]
104Ten thousand dollars$10,000Approximate GDP per capita (PPP) for Libya (2017) [3]
$17,500Approximate world GDP per capita (PPP) (2017) [4]
$26,120Average annual tuition at a 4-year university in the United States (2016) [5]
$37,149Average cost of a new car in the United States (2018) [6]
$59,800Approximate GDP per capita (PPP) for the United States (2017) [3]
$61,120Annual GNI per capita (PPP) for the United States (2017) [7]
$71,800Approximate GDP per capita (PPP) for Norway (2017) [3]
$78,200Estimated annual total cost of attending Harvard University (less with financial aid) [8]
105One hundred thousand dollars$100,000Small house far from cities
$100,000Cost of a law degree from a prestigious university
$101,000 Median value of a home in the U.S. in 1990
$120,000Median value of a home in the U.S. in 2000
$131,000Most amount of money won on a single episode of Jeopardy! , as of 2019 [9]
$566,400Largest theoretically possible win on a single episode of Jeopardy!, as of 2015

1 million to 100 million

106One million dollars$1,000,000Huge house in suburbs; nice condo downtown in large city
$7,000,000Net worth required to be in the US top 1 percent
107Ten million dollars$10,000,000A small hospital
108One hundred million dollars$100,000,000Large city office building
$445,600,000Price of an Airbus A380, the world's largest passenger airliner [10]

1 billion to 100 billion

109One billion dollars$1.5×109 Burj Khalifa, world's tallest building
$1.586×109The highest lottery jackpot ever recorded, the 13 January 2016 Powerball, with an annuity of $1,586,400,000 and lump sum of $983,000,000.
$2.5×109Estimated cost of a B-2 Spirit stealth bomber
$2.8×109Net worth of Donald Trump according to Bloomberg [11]
$7×109Characteristic cost of a 1 GW nuclear power unit (the cost of particular units can vary by a factor of two up or down, depending on the country and the technology)
1010Ten billion dollars$10×109 James Webb Space Telescope, the most expensive scientific instrument in history
$18.18×109 Gross Domestic Product of Iceland [12]
$45×109Estimated cost of high-speed rail from San Francisco to Los Angeles, the route to be built by the California High-Speed Rail Authority [13]
$55×109Cost of a human mission to Mars with a crew of four (cost would be spread out over ten years) using Robert Zubrin's Mars Direct plan [14]
$64.8×109Amount of paper losses in Bernard Madoff's Ponzi scheme, exposed in 2008, the largest in history, including $20 billion of cash losses. [15] By 2010, clawback lawsuits against those who had profited from the Ponzi scheme had recovered $10 billion, thus allowing cash loss victims to be compensated at 50 cents on the dollar [16]
1011One hundred billion dollars$100×109Budget for the reconstruction of Iraq
$100×109Total cost of the International Space Station [17]
$150×109Net worth of Jeff Bezos, the world's richest man in 2019 [18]
$151×1092012 cost estimate by Amtrak for construction of a high-speed rail link from Boston to Washington, D.C. [19]
$169×109Tax assessment of all real estate in Manhattan in FY2004 [20]
$299.3×109GDP of Greece (2017) [21]
$409×109Total fortune of John D. Rockefeller in 2018 dollars [22] [23]
$416×109Estimated total fortune of Mansa Musa, often considered the wealthiest person in history, [24] in 2017 dollars [25] [26]
$425×109Construction costs of the Interstate Highway System in 2006 dollars, [27] the "largest public works program since the Pyramids" [28]
$779×109United States budget deficit in 2018 [29]
$914.8×109Total assessed (taxable) market value of Manhattan real estate for FY2014–2015 [30]
$972×109Total cost as of March 2010 of the Iraq War and the War in Afghanistan ($712 billion for the Iraq War and $260 billion for the War in Afghanistan) [31]

1 trillion to 100 trillion

1012One trillion dollars$1.26×1012Total value of all real estate in Florida in 2004 [32]
$1.7×1012total cost of the Iraq War as calculated in 2013 by the Watson Institute for International and Public Affairs at Brown University [33]
$2.2×1012Cost of a mission to Alpha Centauri as proposed in 1968 by physicist Freeman J. Dyson—a space ark would be built using an Orion nuclear pulse propulsion rocket powered by hydrogen bombs. The rocket would have a payload of 50,000 tonnes and be able to travel at 3.3% of the speed of light and reach Alpha Centauri in 133 years. The rocket ship would have a crew of 250. [34]
$4.49×1012United States annual federal budget expenditures as of 2018 [35]
$6×1012Investment company BlackRock's assets under management as of October 2017
$7.33×1012All of the gold mined in human history (2013 prices) [36]
1013Ten trillion dollars$19.49×1012 United States GDP (PPP) as of 2017 [37]
$22.4×1012 United States national debt as of June 2019 [38]
$42.7 ×1012Total wealth of all 10.9 million rich people (defined as those with $1 million or more of investable assets) in the world as of 2010. [39] Thus, the rich, 0.15% of the world's population of 7 billion, control 30.5% of all world financial assets of $140 trillion.
$53.5 ×1012Total of all private household net worth in the United States as of September 2009 [40]
$62×1012Value of all real estate in developed countries (includes $48 trillion residential real estate and $14 trillion commercial real estate) as of 2002 [41]
$67×1012Total amount of banking assets in the shadow banking system—about half of all world banking assets—according to a 2012 report by the Financial Stability Board. [42]
>1014One hundred trillion dollars or more$125 ×1012Estimated total value of ecosystem services, the "value of Earth" (2011) [43]
$127.8×1012 Global GDP (PPP) (2017) [4]
$140×1012Total value of all world financial assets [44]
$281×1012World debt as of 2021 [45]
$700 ×1012Total world derivative contracts as of June 2011 [46]

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References

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  2. ↑ "The 20 bestselling mobile phones of all time". The Telegraph . August 6, 2017. Archived from the original on July 15, 2017. Retrieved August 12, 2017.
  3. 1 2 3 4 5 "The World Factbook". Central Intelligence Agency. 2017. Archived from the original on June 13, 2007. Retrieved 26 June 2019.
  4. 1 2 "World". The World Factbook. Central Intelligence Agency. 19 June 2019. Retrieved 26 June 2019.
  5. ↑ Digest of Education Statistics, 2016 (Report). U.S. Department of Education, National Center for Education Statistics. 2018. NCES 2017-094.
  6. ↑ "Average New-Car Prices Up More Than 4 Percent Year-Over-Year for January 2019 on Tesla, Full-Size Trucks, According to Kelley Blue Book". Kelley Blue Book. Irvine, California. 1 February 2019. Retrieved 26 June 2019.
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  8. ↑ Hess, Abigail (6 April 2016). "It costs over $70,000 a year to go to Harvard—but here's how much students actually pay". CNBC. Retrieved 25 June 2019.
  9. ↑ Dreier, Natalie (April 18, 2019). "'Jeopardy!' winner sets new one-day record again, wins $131K in single game". Springfield News-Sun. Retrieved 26 June 2019.
  10. ↑ "AIRBUS AIRCRAFT 2018 AVERAGE LIST PRICES* (USD millions)" (PDF). Airbus. 15 January 2018. Retrieved 15 January 2018.
  11. ↑ Melby, Caleb (June 1, 2018). "Trump's Net Worth Slides to $800 million, Lowest Since Campaign". Bloomberg .
  12. ↑ "Iceland". The World Factbook. Central Intelligence Agency. 5 June 2019. Retrieved 26 June 2019.
  13. ↑ "Joe Biden says California high-speed rail looking good for federal money". Los Angeles Times. 3 June 2009.
  14. ↑ Zubrin, Robert The Case for Mars (1996)
  15. ↑ Henriquez, Diana The Wizard of Lies: Bernie Madoff and the Death of Trust New York:2011 Henry Holt Page 256
  16. ↑ Henriquez, Diana The Wizard of Lies: Bernie Madoff and the Death of Trust New York:2011 Henry Holt Page 330
  17. ↑ Alan Boyle (2006). "What's the cost of the space station?". NBC News . Retrieved September 30, 2008.
  18. ↑ "This Is The Richest Person In The World". Forbes. 2019. Retrieved March 19, 2019.
  19. ↑ TIME magazine "Briefing" September 10, 2012 Page 7
  20. ↑ Rankin, Bill (2006). "Land Value". Radical Cartography. Retrieved 26 June 2019.
  21. ↑ "United States". The World Factbook. Central Intelligence Agency. 13 June 2019. Retrieved 26 June 2019.
  22. ↑ Hanson, Elizabeth (January 2000). The Rockefeller University Achievements: A Century of Science for the Benefit of Humankind, 1901–2001. The Rockefeller University Press. ISBN   9780874700312.
  23. ↑ 10 richest people in the entire history, fbacs.com; accessed October 21, 2016.
  24. ↑ Hall, John (16 October 2010). "This is the richest human being in all history" . The Independent. Archived from the original on 2022-05-24. Retrieved 26 June 2019.
  25. ↑ "Mansa Musa: The 400-Billion-Dollar Man". The New York Times Upfront. February 2019. Retrieved 26 June 2019.
  26. ↑ "The 20 richest people of all time". MSN. 25 April 2017. Retrieved 27 June 2019.
  27. ↑ Neurath, Al "Traveling Interstates is Our Sixth Freedom", USA Today June 22, 2006
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  32. ↑ M.E. Rinker, Sr. (August 2004). "Affordable Housing Issues" (PDF). Shimberg Center for Affordable Housing. Vol. XIV, no. 5. Retrieved 2019-05-07.
  33. ↑ Wall Street Journal Friday, March 15, 2013
  34. ↑ Martin, Anthony R; Bond, Alan (1979). "Nuclear Pulse Propulsion: a Historical Review of AN Advanced Propulsion Concept". Journal of the British Interplanetary Society. 32: 301. Bibcode:1979JBIS...32..283M.
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  39. ↑ Economist magazine Volume 399 Whole Number 8739 June 25-July 1, 2011 The World This Week--Business section Page 10
  40. ↑ "Investment Analyst Stewart Dougherty on the Federal Deficit". Archived from the original on 14 March 2010. Retrieved 26 June 2019.
  41. ↑ The Economist 2002
  42. ↑ Shadow Banking: "The $67 Trillion Dollar Threat". Daily Finance 20 November 2012
  43. ↑ Robert Costanza; Rudolf de Groot; Paul Sutton; Sander van der Ploegb; Sharolyn J. Anderson; Ida Kubiszewski; Stephen Farber; R. Kerry Turner (2014). "Changes in the global value of ecosystem services". Global Environmental Change. Elsevier BV. 26: 152–158. doi:10.1016/j.gloenvcha.2014.04.002. ISSN   0959-3780.
    • Global loss of ecosystem services due to land use change is $US 4.3–20.2 trillion/yr.
    • Ecoservices contribute more than twice as much to human well-being as global GDP.
    • Estimates in monetary units are useful to show the relative magnitude of ecoservices.
    • Valuation of ecosystem services is not the same as commodification or privatization.
    • Ecosystem services are best considered public goods requiring new institutions.
    • Largest lawsuit
  44. ↑ "World's Assets Hit Record Value Of $140 Trillion". The Big Picture. January 12, 2007. Retrieved 26 June 2019.
  45. ↑ "World Debt Reaches Record $281 Trillion". Bloomberg. February 21, 2021.
  46. ↑ "Semiannual OTC derivatives statistics". Bank for International Settlements. 2017.{{cite journal}}: Cite journal requires |journal= (help)
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