Definition of «current dollars»

Current dollars refers to the value of goods or services in their current, or present-day, purchasing power. This means that the value is adjusted based on changes in prices and inflation over time so that comparisons can be made between different periods. In other words, it's a way of expressing economic data in terms of what they would be worth today, taking into account how much things cost now compared to how much they used to cost.

Sentences with «current dollars»

Indeed, since the start of the decade, the Chinese economy, now the world's second - largest, has more than doubled in size when measured in current dollars. (bankofcanada.ca)
We can start with better use of current dollars. (educationnext.org)
Current dollars invested in the market will take a big, permanent hit, but any future dollars invested in the market will earn a higher rate of return. (svrn.co)
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