Value of 1971 Euro (Belgium) today

€100 in 1971
€593.52 in 2022

The inflation rate in Belgium between 1971 and today has been 493.52%, which translates into a total increase of €493.52. This means that 100 euro in 1971 are equivalent to 593.52 euro in 2022. In other words, the purchasing power of €100 in 1971 equals €593.52 today. The average annual inflation rate between these periods has been 3.55%.

Inflation timeline in Belgium (1971 - 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 1971-2021 452.69%
Cumulative inflation 1971-today 493.52%
Avg. Annual inflation 1971-2021 3.48%
CPI 1971 20.13
CPI 2021 111.26
CPI 2022-04 (latest official data) 119.02
CPI today 119.48

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 1971 and 2021, use the corresponding CPI values:

Value2021
=Value1971 ×
CPI2021/CPI1971
=€ 100 ×
111.26/20.13
€552.69

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.48:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=€ 100 ×
119.48/20.13
€593.52

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 1971 and 2021 and the average inflation rate was 3.4784%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.034784)50
€552.69

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1971 €5.53 euro in 2021
€5 euro in 1971 €27.63 euro in 2021
€10 euro in 1971 €55.27 euro in 2021
€50 euro in 1971 €276.34 euro in 2021
€100 euro in 1971 €552.69 euro in 2021
€500 euro in 1971 €2,763.43 euro in 2021
€1,000 euro in 1971 €5,526.85 euro in 2021
€5,000 euro in 1971 €27,634.27 euro in 2021
€10,000 euro in 1971 €55,268.54 euro in 2021
€50,000 euro in 1971 €276,342.69 euro in 2021
€100,000 euro in 1971 €552,685.39 euro in 2021
€500,000 euro in 1971 €2,763,426.93 euro in 2021
€1,000,000 euro in 1971 €5,526,853.87 euro in 2021
Cumulative inflation From 1971 493.52%
Avg. annual inflation From 1971 3.55%
CPI 1971 20.13
CPI today 119.48

Value of Euro over time (by year)

Period Value
1971 100
1972 105.45
1973 112.78
1974 127.08
1975 143.31
1976 156.3
1977 167.39
1978 174.88
1979 182.69
1980 194.84
1981 209.7
1982 228
1983 245.47
1984 261.04
1985 273.75
1986 277.29
1987 281.6
1988 284.87
1989 293.72
1990 303.84
1991 313.61
1992 321.23
1993 330.08
1994 337.92
1995 342.89
1996 350.01
1997 355.71
1998 359.08
1999 363.11
2000 372.35
2001 381.54
2002 387.82
2003 393.98
2004 402.24
2005 413.43
2006 420.84
2007 428.51
2008 447.75
2009 447.51
2010 457.31
2011 473.46
2012 486.9
2013 492.32
2014 494
2015 496.77
2016 506.58
2017 517.34
2018 527.97
2019 535.55
2020 539.52
2021 552.69
2022-04 591.23
Today 593.52

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: