constant dollars

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Constant Dollar

A measure of a dollar's value with respect to some year. One may use a constant dollar analysis to account for inflation. For example, suppose one wishes to measure changes in the U.S. national debt. It would be most useful to use a constant dollar format, for example, by measuring the national debt for all years in the dollar's value in the year 2000. This eliminates inflation as a consideration when analyzing the national debt.
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constant dollars

Dollars reported in unchanged value compared with the value reported on a previous date. For example, a company may have raised its dividends on each share of common stock from $2.00 in 1986 to $5.00 in 1996. However, after investors have adjusted for consumer price increases during the 10-year period, the 1996 dividend amounts to only $3.60 in constant dollars. In this case, the 1996 dollars are constant in terms of their 1986 purchasing power.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
GCB operating expenseswere $4.7 billion, up 3% on both a reported and a constant dollar basis, as efficiency savings were more than offset by higher investments, volume-related expenses and a provision of approximately $50 million for an industry-wide legal matter in North America GCB.
Direct-to-Consumer revenue increased 14 percent (up 17 percent in constant dollars); Digital revenue increased 24 percent (up 28 percent in constant dollars);
In constant dollars, revenues decreased 3%, driven by a 4% decrease in North America and a 2% decrease in international GCB.
Using 2004 constant dollars, the contract dollars have increased from $118 billion in FY 1998 to $241 billion in FY 2004, a 105 percent increase.
Per capita consumption in constant dollars increased 44 percent during the first 17 years of his chairmanship, and 27 million additional workers found employment.
In the special study, members calculated the internal rate of return for the Perry School program by estimating the time periods in which costs and benefits in constant dollars were paid or received by program participants and society.
Nevertheless, even though the price of gasoline is still far below historic highs in terms of constant dollars, it is still much higher than would be the case if government did not inflate the price through regulations (including restrictions on drilling) and excise taxes.
The total amount of itemized deductions before limitations (in constant dollars) increased at an average annual rate of 3.6 percent between 1990 and 2001.
Overall, Alberta had the highest rate of growth on health care spending of 14.7 per cent in constant dollars followed by Prince Edward Island at 12.9 per cent and British Columbia at 10.3 per cent.
F-15B/D/E: two Armament: One internally mounted M-61A1 20-mm, six-barrel cannon with 940 rounds of ammunition; four AIM-9L/M Sidewinder and four AIM-7F/M Sparrow air-to-air missiles, or eight AIM-120 AMRAAMs, carried externally Unit Cost: A/B models--$27.9 million (fiscal 98 constant dollars); C/D models--$29.9 million (fiscal 98 constant dollars) Date Deployed: July 1972 Inventory: Active force, 396; Reserve, 0; ANG, 126
In constant dollars, retail sales advanced 0.7% in May, after falling 0.2% in April and 0.7% in March.
In constant dollars, national was down 9.5 percent, retail was off 5.8 percent and classified missed the mark by 22.1 percent.

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