Value of 1977 Costa Rican Colones today

₡100 in 1977
₡22,303.12 in 2024

The inflation rate in Costa Rica between 1977 and today has been 22,203.12%, which translates into a total increase of ₡22,203.12. This means that 100 colones in 1977 are equivalent to 22,303.12 colones in 2024. In other words, the purchasing power of ₡100 in 1977 equals ₡22,303.12 today. The average annual inflation rate between these periods has been 12.19%.

Inflation timeline in Costa Rica (1977 - 2024)

The following chart depicts the equivalence of ₡100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (CRC) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1977-2023 22,289.07%
Cumulative inflation 1977-today 22,203.12%
Avg. Annual inflation 1977-2023 12.48%
CPI 1977 0.53
CPI 2023 118.26
CPI 2024-05 (latest official data) 117.83
CPI today 117.81

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1977 and 2023, use the corresponding CPI values:

Value2023
=Value1977 ×
CPI2023/CPI1977
=₡ 100 ×
118.26/0.53
₡22,389.07

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.81:

Valuetoday
=Value1977 ×
CPItoday/CPI1977
=₡ 100 ×
117.81/0.53
₡22,303.12

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ₡100 worth today. There are 46 years between 1977 and 2023 and the average inflation rate was 12.4832%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₡100 × (1 + 0.124832)46
₡22,389.07

Costa Rica inflation - Conversion table

Initial Value Equivalent value
₡1 colon in 1977 ₡223.89 colones in 2023
₡5 colones in 1977 ₡1,119.45 colones in 2023
₡10 colones in 1977 ₡2,238.91 colones in 2023
₡50 colones in 1977 ₡11,194.53 colones in 2023
₡100 colones in 1977 ₡22,389.07 colones in 2023
₡500 colones in 1977 ₡111,945.35 colones in 2023
₡1,000 colones in 1977 ₡223,890.7 colones in 2023
₡5,000 colones in 1977 ₡1,119,453.49 colones in 2023
₡10,000 colones in 1977 ₡2,238,906.99 colones in 2023
₡50,000 colones in 1977 ₡11,194,534.93 colones in 2023
₡100,000 colones in 1977 ₡22,389,069.85 colones in 2023
₡500,000 colones in 1977 ₡111,945,349.27 colones in 2023
₡1,000,000 colones in 1977 ₡223,890,698.53 colones in 2023
Cumulative inflation From 1977 22,203.12%
Avg. annual inflation From 1977 12.19%
CPI 1977 0.53
CPI today 117.81

Value of Colon over time (by year)

Period Value
1977 100
1978 106.01
1979 115.75
1980 136.74
1981 187.41
1982 356.3
1983 472.54
1984 529
1985 608.65
1986 680.69
1987 795.33
1988 961.02
1989 1,119.68
1990 1,332.87
1991 1,715.53
1992 2,089.36
1993 2,293.67
1994 2,604.11
1995 3,207.91
1996 3,769.66
1997 4,269.07
1998 4,766.81
1999 5,245.65
2000 5,820.65
2001 6,475.8
2002 7,069.47
2003 7,737.37
2004 8,690.21
2005 9,889.31
2006 11,023.67
2007 12,055.18
2008 13,673.53
2009 14,745.9
2010 15,580.93
2011 16,340.96
2012 17,075.57
2013 17,968.85
2014 18,780.89
2015 18,931.51
2016 18,928.2
2017 19,235.95
2018 19,663.22
2019 20,075.35
2020 20,220.88
2021 20,570
2022 22,272.11
2023 22,389.07
2024-05 22,307.21
Today 22,303.12

All available years

Today's value of costa rican colones by year:

1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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