Value of 1956 Euro (Belgium) today

€100 in 1956
€883.13 in 2022

The inflation rate in Belgium between 1956 and today has been 783.13%, which translates into a total increase of €783.13. This means that 100 euro in 1956 are equivalent to 883.13 euro in 2022. In other words, the purchasing power of €100 in 1956 equals €883.13 today. The average annual inflation rate between these periods has been 3.36%.

Inflation timeline in Belgium (1956 - 2022)

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 1956-2021 722.18%
Cumulative inflation 1956-today 783.13%
Avg. Annual inflation 1956-2021 3.29%
CPI 1956 13.53
CPI 2021 111.26
CPI 2022-04 (latest official data) 119.02
CPI today 119.5

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 1956 and 2021, use the corresponding CPI values:

Value2021
=Value1956 ×
CPI2021/CPI1956
=€ 100 ×
111.26/13.53
€822.18

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.5:

Valuetoday
=Value1956 ×
CPItoday/CPI1956
=€ 100 ×
119.5/13.53
€883.13

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 65 years between 1956 and 2021 and the average inflation rate was 3.2943%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.032943)65
€822.18

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1956 €8.22 euro in 2021
€5 euro in 1956 €41.11 euro in 2021
€10 euro in 1956 €82.22 euro in 2021
€50 euro in 1956 €411.09 euro in 2021
€100 euro in 1956 €822.18 euro in 2021
€500 euro in 1956 €4,110.91 euro in 2021
€1,000 euro in 1956 €8,221.81 euro in 2021
€5,000 euro in 1956 €41,109.05 euro in 2021
€10,000 euro in 1956 €82,218.11 euro in 2021
€50,000 euro in 1956 €411,090.54 euro in 2021
€100,000 euro in 1956 €822,181.08 euro in 2021
€500,000 euro in 1956 €4,110,905.42 euro in 2021
€1,000,000 euro in 1956 €8,221,810.85 euro in 2021
Cumulative inflation From 1956 783.13%
Avg. annual inflation From 1956 3.36%
CPI 1956 13.53
CPI today 119.5

Value of Euro over time (by year)

Period Value
1956 100
1957 103.17
1958 104.5
1959 105.78
1960 106.1
1961 107.15
1962 108.66
1963 110.99
1964 115.62
1965 120.32
1966 125.34
1967 128.76
1968 132.24
1969 137.21
1970 142.57
1971 148.76
1972 156.87
1973 167.78
1974 189.05
1975 213.19
1976 232.52
1977 249.02
1978 260.15
1979 271.78
1980 289.85
1981 311.95
1982 339.18
1983 365.16
1984 388.32
1985 407.23
1986 412.5
1987 418.91
1988 423.77
1989 436.94
1990 452
1991 466.54
1992 477.86
1993 491.03
1994 502.7
1995 510.08
1996 520.67
1997 529.15
1998 534.17
1999 540.16
2000 553.91
2001 567.58
2002 576.92
2003 586.09
2004 598.38
2005 615.02
2006 626.04
2007 637.45
2008 666.07
2009 665.72
2010 680.29
2011 704.32
2012 724.32
2013 732.38
2014 734.87
2015 739
2016 753.59
2017 769.61
2018 785.41
2019 796.69
2020 802.6
2021 822.18
2022-04 879.53
Today 883.13

All available years

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

1956 | 1957 | 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 |

Other currencies: