Value of 1971 Euro (Belgium) today

€100 in 1971

€551.04 in 2018

The inflation rate in Belgium between 1971 and today has been 451.04%, which translates into a total increase of €451.04. This means that 100 euro in 1971 are equivalent to 551.04 euro in 2018. In other words, the purchasing power of €100 in 1971 equals €551.04 today. The average annual inflation rate has been 3.62%.

Inflation timeline in Belgium (1971-2018)

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 (1971-2018) 437.17%
Total Inflation* 451.04%
Annual inflation avg. (1971-2018) 3.64%
Annual inflation avg.* 3.62%
CPI 1971 19.51
CPI 2018 104.8
CPI today* 107.51
€1 in 1971 €5.37 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 47 years between 1971 and 2018 and the average inflation rate has been 3.6195%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)47 = €537.17

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 1971 was 19.51 and the CPI today is 107.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/19.51
= €537.17

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1971 €5.51 euro today
€5 euro in 1971 €27.55 euro today
€10 euro in 1971 €55.1 euro today
€50 euro in 1971 €275.52 euro today
€100 euro in 1971 €551.04 euro today
€500 euro in 1971 €2,755.22 euro today
€1,000 euro in 1971 €5,510.43 euro today
€5,000 euro in 1971 €27,552.17 euro today
€10,000 euro in 1971 €55,104.34 euro today
€50,000 euro in 1971 €275,521.72 euro today
€100,000 euro in 1971 €551,043.45 euro today
€500,000 euro in 1971 €2,755,217.24 euro today
€1,000,000 euro in 1971 €5,510,434.48 euro today

Value of Euro in time (by year)

Period Value
1971 100
1972 105.57
1973 112.33
1974 120.52
1975 139.42
1976 154.8
1977 166.36
1978 176.88
1979 183.71
1980 193.15
1981 207.72
1982 224.62
1983 242.82
1984 260.19
1985 274.09
1986 285.14
1987 286.8
1988 290.95
1989 296.55
1990 307.23
1991 317.96
1992 326.84
1993 334.68
1994 343.7
1995 350.09
1996 355.22
1997 364.26
1998 368.43
1999 370.56
2000 377.72
2001 387.17
2002 395.6
2003 401.04
2004 408
2005 417.29
2006 429.33
2007 436.39
2008 449.85
2009 461.69
2010 462.91
2011 477.28
2012 493.89
2013 504.92
2014 509.79
2015 507.86
2016 515.48
2017 525.95
2018 537.17
Today 551.04