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Orders of magnitude (currency)

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Orders of magnitude (currency)

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

Orders of magnitude
(money expressed in United States dollars)
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
100 one dollar $1 double cheeseburger at McDonald's
$4 typical drink of gourmet coffee
101 ten dollars $10 wristwatch with quartz circuit; 20 lb. sack of rice
102 one hundred dollars $100 2 or 3 video games
$400 approximate annual GDP per capita (PPP) for East Timor (2004, CIA World Factbook)
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)
$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
$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
$566,400 largest theoretically possible win on a single episode of Jeopardy!, as of 2015
106 one million dollars $1,000,000 huge house in suburbs; nice condo downtown in large city
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
$656,000,000 largest ever lottery jackpot, shared by three tickets in the United States in 2012
109 one billion dollars $1.5×109 Burj Khalifa, world's tallest building
$2.5×109 estimated cost of a B-2 Spirit stealth bomber
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[1]
$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[2]
$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.[3] 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[4]
$73×109 fortune of Carlos Slim Helu, currently the world's richest man.
1011 one hundred billion dollars $100×109 budget for reconstruction of Iraq
$100×109 total cost of the International Space Station[5]
$151×109 2012 cost estimate by Amtrak for construction of a high-speed rail link from Boston to Washington, D.C.[6]
$169×109 Tax assessment of all real estate in Manhattan in FY2004[7]
$236×109 Gross Domestic Product of Greece (CIA World Factbook)
$336×109 total fortune of John D. Rockefeller, adjusting inflation.
$420×109 approximate United States budget deficit
$425×109 cost of construction of the Interstate Highway System (in 2006 dollars),[8] the "largest public works program since the Pyramids"[9]
$914.8×109 Total assessed (taxable) market value of Manhattan real estate for FY 2014-2015 [10]
$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)[11]
1012 one trillion dollars $1.26×1012 total value of all real estate in Florida[12]
$1.7×1012 total cost of the War in Iraq as calculated in 2013 by the Watson Institute of International Studies at Brown University[13]
$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.)[14][15]
$2.5×1012 approximate United States annual federal budget as of 2005
$7.33×1012 All of the gold mined in human history (2013 price)[16]
1013 ten trillion dollars $15.68×1012 United States GDP (PPP) of 2012 [1]
$16.75×1012 United States national debt as of September 2013[2]
$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.[17] 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[18]
$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[19]
$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.[20]
1014 one hundred trillion dollars $140×1012 total value of all world financial assets[21]
$510 ×1012 total world derivative contracts as of June 2007 [3]
1019 ten quintillion dollars $3.6 ×1019 scrap-iron value of largest M-type asteroid (16 Psyche) assuming US$0.72/kg and 95% metallic composition
1031 ten nonillion dollars $26.9 ×1031 approximate value of the "diamond" exoplanet PSR J1719-1438 b
1036 two undecillion dollars $2.00 ×1036 Amount demanded from Au Bon Pain in a 2014 frivolous lawsuit.[22]

References

  1. ^ says California high-speed rail looking good for federal news money Biden says California high-speed rail looking good for federal, "Joe" 
  2. ^ Zubrin, Robert The Case for Mars (1996)
  3. ^ Henriquez, Diana The Wizard of Lies: Bernie Madoff and the Death of Trust New York:2011 Henry Holt Page 256
  4. ^ Henriquez, Diana The Wizard of Lies: Bernie Madoff and the Death of Trust New York:2011 Henry Holt Page 330
  5. ^ space station? web 2008 the space station?, "What's the cost of" 
  6. ^ TIME magazine "Briefing" September 10, 2012 Page 7
  7. ^ Value of Manhattan:
  8. ^ Neurath, Al “Traveling Interstates is Our Sixth Freedom” USA Today June 22, 2006
  9. ^ 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. 
  10. ^ http://www.nyc.gov/html/dof/downloads/pdf/press_release/fy2015_ta_roll_press_release.pdf
  11. ^ National Priorities Project—The Cost of War:
  12. ^ [4]
  13. ^ Wall Street Journal Friday, March 15, 2013
  14. ^ "Nuclear Pulse Propulsion: A Historical Review" by Martin and Bond, Journal of the British Interplanetary Society, 1979 (p.301)
  15. ^ http://galileo.phys.virginia.edu/classes/109.jvn.spring00/nuc_rocket/Dyson.pdf
  16. ^ http://www.michaelburns.net/funwithnumbers/USPublicDebt-n/USDebt_Au.shtml
  17. ^ Economist magazine Volume 399 Whole Number 8739 June 25-July 1, 2011 The World This Week--Business section Page 10
  18. ^ Investment Analyst Stewart Dougherty on the Federal Deficit:
  19. ^ The Economist 2002
  20. ^ 20 November 2012:Daily FinanceShadow Banking: "The $67 Trillion Dollar Threat"--
  21. ^ Macro Perspective on Capital Markets:
  22. ^ Details on the site of loweringthebar.net

External links

  • GNI per capita 2002, Atlas method and PPP
  • Visual chart
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