Orders of magnitude (currency)
This page is a progressive list of currency orders of magnitude, with examples.
up to 1
Factor ($) | Short scale | Money | Item |
---|---|---|---|
10−17 | One Zimbabwean cent | $3.33×10−17 | Exchange rate on February 2, 2009 |
10−3 | One mill | $0.001 | Smallest unit of currency, used in pricing gasoline and computing taxes |
10−2 | One cent | $0.01 | Used chiefly for making change |
10−1 | One dime | $0.10 | Highest common price per page for self-service monochrome photocopying |
1 to 100
100 | One dollar | $1 | Double cheeseburger at McDonald's |
$4 | Typical drink of gourmet coffee | ||
$7.25 | Current minimum wage in United States, 2017 | ||
101 | Ten dollars | $10 | Wristwatch with quartz circuit; 20 lb. sack of rice |
$15 | Typical cost of a gym membership | ||
$40-60 | Typical cost of a video game | ||
102 | One hundred dollars | $100 | Cheap new cellphone |
$400 | Approximate annual GDP per capita (PPP) for East Timor (2004, CIA World Factbook) |
1.000 to 100.000
103 | One thousand dollars | $1,000 | Used car (15 years old, runs) |
$1,000 | Midrange personal computer | ||
$1,000 | A nice digital camera; approximate GDP per capita (PPP) for Nigeria (2004) | ||
$2,650 | Price of 1 bitcoin (17 June 2017) [1] | ||
$6,616 | Approximate GDP per capita (PPP) for India (2017) | ||
$9,117 | Approximate world GDP per capita (PPP) (2008) | ||
104 | Ten thousand dollars | $10,000 | Cheap new car |
$10,000 | Approximate GDP per capita (PPP) for Russia (2004) | ||
$20,000 | (Israel, Greece) - $40,000 (Jersey, Norway, United States) - Approximate GDP per capita (PPP) in most first world nations (2004) | ||
$26,000 | Cost of an average new car | ||
$30,000 | Cost of an Engineering degree from an average university | ||
$35,060 | Annual income (GNI) per capita (PPP) for employed citizens of the United States, as of 2002 | ||
$71,497 | Norway's GDP per capita | ||
$77,000 | Most amount of money won on a single episode of Jeopardy!, as of 2015 | ||
105 | One hundred thousand dollars | $100,000 - $999,999 | In the United States, a "six figure salary" is sometimes seen as a milestone of significant wealth, and indicator of higher social class. |
$100,000 | Small house far from cities | ||
$100,000 | Cost of a Law degree from a prestigious university | ||
$101,000 | Median value of a home in the U.S. in 1990 | ||
$120,000 | Median value of a home in the U.S. in 2000 | ||
$260,000 | Estimated full cost of attending an Ivy League university for 4 year | ||
$566,400 | Largest theoretically possible win on a single episode of Jeopardy!, as of 2015 |
1 million to 100 million
106 | One million dollars | $1,000,000 | Huge house in suburbs; nice condo downtown in large city |
$7,000,000 | Net worth required to be in the US top 1 percent | ||
107 | Ten million dollars | $10,000,000 | A small hospital |
108 | One hundred million dollars | $100,000,000 | Large city office building |
$264,000,000 | Estimated price of an Airbus A380 airplane |
1 billion to 100 billion
109 | One billion dollars | $1.5×109 | Burj Khalifa, world's tallest building |
$1.586×109 | The highest lottery jackpot ever recorded was the 13 January 2016 Powerball, where the annuity was $1,586,400,000 and the lump sum was $983,000,000. | ||
$2.5×109 | Estimated cost of a B-2 Spirit stealth bomber | ||
$3.7×109 | Net worth of Donald Trump according to google.com | ||
1010 | Ten billion dollars | $15.83×109 | Gross Domestic Product of Iceland |
$45×109 | Cost of the high-speed train from San Francisco to Los Angeles, the route for which is to be constructed by the California High-Speed Rail Authority[2] | ||
$55×109 | Cost of a manned mission to Mars with a crew of four astronauts (cost would be spread out over ten years) using Robert Zubrin’s Mars Direct plan[3] | ||
$64.8×109 | Amount of paper losses in Bernard Madoff's Ponzi scheme, exposed in 2008, the largest in history, including $20 billion of cash losses.[4] 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[5] | ||
$73×109 | Fortune of Carlos Slim Helu, the world's richest man in 2013. | ||
1011 | One hundred billion dollars | $100×109 | Budget for reconstruction of Iraq |
$100×109 | Total cost of the International Space Station[6] | ||
$111×109 | Market capitalization of all the cryptocurrencies (17 June 2017) [1] | ||
$151×109 | 2012 cost estimate by Amtrak for construction of a high-speed rail link from Boston to Washington, D.C.[7] | ||
$169×109 | Tax assessment of all real estate in Manhattan in FY2004[8] | ||
$236×109 | Gross Domestic Product of Greece (CIA World Factbook) | ||
$336×109 | Total fortune of John D. Rockefeller, adjusting inflation. | ||
$400×109 | Total fortune of Mansa Musa, adjusting inflation. | ||
$420×109 | Approximate United States budget deficit | ||
$425×109 | Cost of construction of the Interstate Highway System (in 2006 dollars),[9] the "largest public works program since the Pyramids"[10] | ||
$914.8×109 | Total assessed (taxable) market value of Manhattan real estate for FY 2014–2015 [11] | ||
$972×109 | Total 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)[12] |
1 trillion to 100 trillion
1012 | One trillion dollars | $1.26×1012 | Total value of all real estate in Florida[13] |
$1.7×1012 | total cost of the Iraq War as calculated in 2013 by the Watson Institute of International Studies at Brown University[14] | ||
$2.2×1012 | Cost 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. This atomic rocket ship is buildable with present-day technology. (Cost is calculated by multiplying original 1968 cost of $367 billion by six.)[15][16] | ||
$2.5×1012 | Approximate United States annual federal budget as of 2005 | ||
$6×1012 | Investment company BlackRock's assets under management as of October 2017 | ||
$7.33×1012 | All of the gold mined in human history (2013 price)[17] | ||
1013 | Ten trillion dollars | $15.68×1012 | United States GDP (PPP) of 2012 |
$16.75×1012 | United States national debt as of September 2013 | ||
$42.7 ×1012 | Total 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.[18] 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 ×1012 | Total of all private household net worth in the United States as of Sep. 2009[19] | ||
$55×1012 | Global GDP (PPP) | ||
$62×1012 | Value of all real estate in the developed countries (includes $48 trillion residential real estate and $14 trillion commercial real estate) as of 2002[20] | ||
$67×1012 | Total 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.[21] | ||
1014 | One hundred trillion dollars | $125 ×1012 | estimated total value of ecosystem services, the "value of Earth"[22] |
$140×1012 | Total value of all world financial assets[23] | ||
$510 ×1012 | Total world derivative contracts as of June 2007[24] |
References
- 1 2 CryptoCurrency Market Capitalizations, 17 June 2017
- ↑ says California high-speed rail looking good for federal news money Biden says California high-speed rail looking good for federal, "Joe"
- ↑ Zubrin, Robert The Case for Mars (1996)
- ↑ Henriquez, Diana The Wizard of Lies: Bernie Madoff and the Death of Trust New York:2011 Henry Holt Page 256
- ↑ Henriquez, Diana The Wizard of Lies: Bernie Madoff and the Death of Trust New York:2011 Henry Holt Page 330
- ↑ space station? web 2008 the space station?, "What's the cost of"
- ↑ TIME magazine "Briefing" September 10, 2012 Page 7
- ↑ Value of Manhattan:
- ↑ Neurath, Al "Traveling Interstates is Our Sixth Freedom", USA Today June 22, 2006
- ↑ Weingroff, Richard F. (September–October 2000). "The Genie in the Bottle: The Interstate System and Urban Problems, 1939–1957". Public Roads. 64 (2). Retrieved May 9, 2012.
- ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2014-02-02. Retrieved 2014-01-23.
- ↑ National Priorities Project—The Cost of War:
- ↑
- ↑ Wall Street Journal Friday, March 15, 2013
- ↑ "Nuclear Pulse Propulsion: A Historical Review" by Martin and Bond, Journal of the British Interplanetary Society, 1979 (p.301)
- ↑ http://galileo.phys.virginia.edu/classes/109.jvn.spring00/nuc_rocket/Dyson.pdf
- ↑ http://www.michaelburns.net/funwithnumbers/USPublicDebt-n/USDebt_Au.shtml
- ↑ Economist magazine Volume 399 Whole Number 8739 June 25-July 1, 2011 The World This Week--Business section Page 10
- ↑ Investment Analyst Stewart Dougherty on the Federal Deficit:
- ↑ The Economist 2002
- ↑ Shadow Banking: "The $67 Trillion Dollar Threat"--Daily Finance 20 November 2012:
- ↑ Costanza, Robert; et al. (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.
- ↑ Macro Perspective on Capital Markets:
- ↑ "Semiannual OTC derivatives statistics". Bank for International Settlements. 2017.
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