Value of U.S. dollars in circulation 2000-2022 | Statista (2024)

FAQs

What is the value of all U.S. dollars in circulation? ›

As of December 31, 2022, the overall value of 100 dollar bills in circulation amounted to more 1.8 trillion U.S. dollars. The total value of U.S. currency in circulation in 2022 amounted to approximately 2.26 trillion U.S. dollars.

The total value of currency in circulation in the United States amounted to roughly 2.26 trillion U.S. dollars in 2022, which was a slight increase compared to the previous year.

The $10,000 bill featuring the portrait of President Lincoln's Secretary of the Treasury, Salmon P. Chase, was the highest denomination US currency ever to publicly circulate.

The long-term average inflation rate is around 3%, and the Federal Reserve target inflation rate is 2%. According to the Federal Reserve, a 2% inflation rate is most in line with the system's mandate to maintain maximum employment and price stability.

The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP).

As much as one-half of the value of U.S. currency is estimated to be circulating abroad. The data tables below list the value and volume of U.S. currency in circulation calculated in billions. As of December 31, 2020, there was $2,040.7 billion in circulation, totaling 50.3 billion notes in volume.

So dollars in circulation are directly backed by government debt. However, it is important to realize that physical currency is only a tiny portion of the total money supply. This is because most money is created by commercial banks, not the Federal Reserve.

The $100 bill is far and away the most common U.S. paper currency, dwarfing even the $1 bill.

If the $2 bill was minted and printed before 1976, it would likely be worth more than its face value on the collectibles market. In some cases, it might be worth only $2.25. The highest value is $4,500 or more for uncirculated notes from 1890, although most of those bills range in value from $550 to $2,500.

Can I get a $500 bill from the bank? ›

The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation. The U.S. Bureau of Engraving and Printing creates U.S. paper currency. Learn about paper money and how to recognize counterfeit currency.

Printed in 1934, it was not intended for general use, but instead was used as an accounting device between branches of the Federal Reserve. It is illegal for a private individual to own this banknote.

A collapsing dollar typically leads to inflation, which can inflate your home's nominal value but also increase everything else dramatically. This means while your home might be worth more on paper, everyday expenses like groceries, utilities, and repairs become so much more expensive.

We expect 2024 to be a year of diverging trends for the dollar. It will likely move lower on a broad trade-weighted basis early in the year but stabilize as the year progresses. Although we expect a general downward drift for the dollar, performance of individual currencies will likely vary widely.

All told, anyone looking for all the U.S. dollars in the world in December 2022 could expect to find approximately $21.2 trillion in existence, using the M2 money supply definition.

In 2022, there was a total of 54.1 billion U.S. dollar notes in circulation, almost one billion more than in the previous year. Out of the 54.1 billion, 18.5 billion were 100 dollar bills, which had the highest volume in circulation. It was followed by the one dollar bill, with 14.3 billion in circulation.

Current-dollar GDP increased 6.3 percent, or $1.61 trillion, in 2023 to a level of $27.36 trillion, compared with an increase of 9.1 percent, or $2.15 trillion, in 2022 (tables 1 and 3).