Value of 1973 Euro (Austria) today

€100 in 1973

€402.36 in 2018

The inflation rate in Austria between 1973 and today has been 302.36%, which translates into a total increase of €302.36. This means that 100 euro in 1973 are equivalent to 402.36 euro in 2018. In other words, the purchasing power of €100 in 1973 equals €402.36 today. The average annual inflation rate has been 3.07%.

Inflation timeline in Austria (1973-2018)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (EUR) 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1973-2018) 295.91%
Total Inflation* 302.36%
Annual inflation avg. (1973-2018) 3.11%
Annual inflation avg.* 3.07%
CPI 1973 26.34
CPI 2018 104.3
CPI today* 106
€1 in 1973 €3.96 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 45 years between 1973 and 2018 and the average inflation rate has been 3.0727%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)45 = €395.91

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1973 was 26.34 and the CPI today is 106. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.3/26.34
= €395.91

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1973 €4.02 euro today
€5 euro in 1973 €20.12 euro today
€10 euro in 1973 €40.24 euro today
€50 euro in 1973 €201.18 euro today
€100 euro in 1973 €402.36 euro today
€500 euro in 1973 €2,011.8 euro today
€1,000 euro in 1973 €4,023.61 euro today
€5,000 euro in 1973 €20,118.03 euro today
€10,000 euro in 1973 €40,236.05 euro today
€50,000 euro in 1973 €201,180.27 euro today
€100,000 euro in 1973 €402,360.55 euro today
€500,000 euro in 1973 €2,011,802.74 euro today
€1,000,000 euro in 1973 €4,023,605.47 euro today

Value of Euro in time (by year)

Period Value
1973 100
1974 107.85
1975 118.26
1976 126.26
1977 135.4
1978 141.06
1979 146.26
1980 153.13
1981 163.32
1982 173.81
1983 181.96
1984 188.91
1985 198.42
1986 204
1987 206.26
1988 209.58
1989 213.51
1990 219.7
1991 227.32
1992 234.26
1993 244.15
1994 252.83
1995 259.4
1996 264.15
1997 270.34
1998 274.04
1999 275.92
2000 279.7
2001 286.94
2002 292.64
2003 298.02
2004 301.7
2005 310.49
2006 314.84
2007 319.54
2008 331.13
2009 335.52
2010 338.96
2011 346.79
2012 357.8
2013 367.75
2014 374.61
2015 378.39
2016 382.24
2017 387.55
2018 395.91
Today 402.36