Value of 1981 Costa Rican Colones today

₡100 in 1981
₡12,105.15 in 2024

The inflation rate in Costa Rica between 1981 and today has been 12,005.15%, which translates into a total increase of ₡12,005.15. This means that 100 colones in 1981 are equivalent to 12,105.15 colones in 2021. In other words, the purchasing power of ₡100 in 1981 equals ₡12,105.15 today. The average annual inflation rate between these periods has been 12.41%.

Inflation timeline in Costa Rica (1981 - 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 1981-2021 10,876%
Cumulative inflation 1981-today 12,005.15%
Avg. Annual inflation 1981-2021 12.46%
CPI 1981 0.99
CPI 2021 108.65
CPI 2022-01 (latest official data) 111.52
CPI today 119.83

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 1981 and 2021, use the corresponding CPI values:

Value2021
=Value1981 ×
CPI2021/CPI1981
=₡ 100 ×
108.65/0.99
₡10,976

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.83:

Valuetoday
=Value1981 ×
CPItoday/CPI1981
=₡ 100 ×
119.83/0.99
₡12,105.15

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 40 years between 1981 and 2021 and the average inflation rate was 12.4634%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₡100 × (1 + 0.124634)40
₡10,976

Costa Rica inflation - Conversion table

Initial Value Equivalent value
₡1 colon in 1981 ₡109.76 colones in 2021
₡5 colones in 1981 ₡548.8 colones in 2021
₡10 colones in 1981 ₡1,097.6 colones in 2021
₡50 colones in 1981 ₡5,488 colones in 2021
₡100 colones in 1981 ₡10,976 colones in 2021
₡500 colones in 1981 ₡54,880.02 colones in 2021
₡1,000 colones in 1981 ₡109,760.04 colones in 2021
₡5,000 colones in 1981 ₡548,800.2 colones in 2021
₡10,000 colones in 1981 ₡1,097,600.4 colones in 2021
₡50,000 colones in 1981 ₡5,488,001.98 colones in 2021
₡100,000 colones in 1981 ₡10,976,003.97 colones in 2021
₡500,000 colones in 1981 ₡54,880,019.85 colones in 2021
₡1,000,000 colones in 1981 ₡109,760,039.7 colones in 2021
Cumulative inflation From 1981 12,005.15%
Avg. annual inflation From 1981 12.41%
CPI 1981 0.99
CPI today 119.83

Value of Colon over time (by year)

Period Value
1981 100
1982 190.12
1983 252.15
1984 282.27
1985 324.77
1986 363.21
1987 424.38
1988 512.79
1989 597.46
1990 711.21
1991 915.39
1992 1,114.87
1993 1,223.89
1994 1,389.53
1995 1,711.72
1996 2,011.46
1997 2,277.94
1998 2,543.54
1999 2,799.04
2000 3,105.86
2001 3,455.44
2002 3,772.22
2003 4,128.6
2004 4,637.03
2005 5,276.86
2006 5,882.15
2007 6,432.56
2008 7,296.1
2009 7,868.31
2010 8,313.87
2011 8,719.42
2012 9,111.4
2013 9,588.05
2014 10,021.35
2015 10,101.72
2016 10,099.95
2017 10,264.17
2018 10,492.15
2019 10,712.07
2020 10,789.72
2021 10,976
2022-01 11,265.48
Today 12,105.15

All available years

Today's value of costa rican colones by year:

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 |

Other currencies: