Value of 1973 Euro (Austria) today

€100 in 1973
€490.42 in 2024

The inflation rate in Austria between 1973 and today has been 390.42%, which translates into a total increase of €390.42. This means that 100 euro in 1973 are equivalent to 490.42 euro in 2024. In other words, the purchasing power of €100 in 1973 equals €490.42 today. The average annual inflation rate between these periods has been 3.17%.

Inflation timeline in Austria (1973 - 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 (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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1973-2023 375.15%
Cumulative inflation 1973-today 390.42%
Avg. Annual inflation 1973-2023 3.17%
CPI 1973 27.37
CPI 2023 130.05
CPI 2024-04 (latest official data) 133.87
CPI today 134.23

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 1973 and 2023, use the corresponding CPI values:

Value2023
=Value1973 ×
CPI2023/CPI1973
=€ 100 ×
130.05/27.37
€475.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 134.23:

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=€ 100 ×
134.23/27.37
€490.42

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 50 years between 1973 and 2023 and the average inflation rate was 3.166%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.03166)50
€475.15

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1973 €4.75 euro in 2023
€5 euro in 1973 €23.76 euro in 2023
€10 euro in 1973 €47.51 euro in 2023
€50 euro in 1973 €237.57 euro in 2023
€100 euro in 1973 €475.15 euro in 2023
€500 euro in 1973 €2,375.74 euro in 2023
€1,000 euro in 1973 €4,751.47 euro in 2023
€5,000 euro in 1973 €23,757.37 euro in 2023
€10,000 euro in 1973 €47,514.73 euro in 2023
€50,000 euro in 1973 €237,573.67 euro in 2023
€100,000 euro in 1973 €475,147.33 euro in 2023
€500,000 euro in 1973 €2,375,736.67 euro in 2023
€1,000,000 euro in 1973 €4,751,473.34 euro in 2023
Cumulative inflation From 1973 390.42%
Avg. annual inflation From 1973 3.17%
CPI 1973 27.37
CPI today 134.23

Value of Euro over time (by year)

Period Value
1973 100
1974 109.52
1975 118.77
1976 127.46
1977 134.47
1978 139.27
1979 144.44
1980 153.58
1981 164.03
1982 172.94
1983 178.72
1984 188.84
1985 194.86
1986 198.18
1987 200.96
1988 204.81
1989 210.07
1990 216.92
1991 224.16
1992 233.18
1993 241.65
1994 248.78
1995 254.36
1996 259.1
1997 262.48
1998 264.9
1999 266.41
2000 272.66
2001 279.88
2002 284.95
2003 288.81
2004 294.77
2005 301.54
2006 305.89
2007 312.52
2008 322.57
2009 324.21
2010 330.09
2011 340.93
2012 349.41
2013 356.4
2014 362.12
2015 365.37
2016 368.63
2017 376.3
2018 383.82
2019 389.69
2020 395.08
2021 406.01
2022 440.71
2023 475.15
2024-04 489.11
Today 490.42

All available years

Today's value of euro (Austria) by year:

1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 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 |

Other currencies: