Value of 1973 Euro (Belgium) today

€100 in 1973

€490.56 in 2018

The inflation rate in Belgium between 1973 and today has been 390.56%, which translates into a total increase of €390.56. This means that 100 euro in 1973 are equivalent to 490.56 euro in 2018. In other words, the purchasing power of €100 in 1973 equals €490.56 today. The average annual inflation rate has been 3.52%.

Inflation timeline in Belgium (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) 378.21%
Total Inflation* 390.56%
Annual inflation avg. (1973-2018) 3.54%
Annual inflation avg.* 3.52%
CPI 1973 21.92
CPI 2018 104.8
CPI today* 107.51
€1 in 1973 €4.78 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 3.5178%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)45 = €478.21

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 21.92 and the CPI today is 107.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/21.92
= €478.21

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1973 €4.91 euro today
€5 euro in 1973 €24.53 euro today
€10 euro in 1973 €49.06 euro today
€50 euro in 1973 €245.28 euro today
€100 euro in 1973 €490.56 euro today
€500 euro in 1973 €2,452.81 euro today
€1,000 euro in 1973 €4,905.62 euro today
€5,000 euro in 1973 €24,528.11 euro today
€10,000 euro in 1973 €49,056.21 euro today
€50,000 euro in 1973 €245,281.05 euro today
€100,000 euro in 1973 €490,562.1 euro today
€500,000 euro in 1973 €2,452,810.52 euro today
€1,000,000 euro in 1973 €4,905,621.04 euro today

Value of Euro in time (by year)

Period Value
1973 100
1974 107.29
1975 124.12
1976 137.81
1977 148.1
1978 157.46
1979 163.55
1980 171.95
1981 184.92
1982 199.97
1983 216.17
1984 231.63
1985 244
1986 253.84
1987 255.32
1988 259.02
1989 264
1990 273.51
1991 283.06
1992 290.97
1993 297.94
1994 305.98
1995 311.67
1996 316.23
1997 324.28
1998 327.99
1999 329.89
2000 336.26
2001 344.68
2002 352.18
2003 357.02
2004 363.22
2005 371.49
2006 382.21
2007 388.49
2008 400.48
2009 411.01
2010 412.1
2011 424.9
2012 439.68
2013 449.5
2014 453.84
2015 452.12
2016 458.9
2017 468.22
2018 478.21
Today 490.56