Value of 1977 Euro (Belgium) today

€100 in 1977

€330.72 in 2018

The inflation rate in Belgium between 1977 and today has been 230.72%, which translates into a total increase of €230.72. This means that 100 euro in 1977 are equivalent to 330.72 euro in 2018. In other words, the purchasing power of €100 in 1977 equals €330.72 today. The average annual inflation rate has been 2.89%.

Inflation timeline in Belgium (1977-2018)

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 (1977-2018) 222.9%
Total Inflation* 230.72%
Annual inflation avg. (1977-2018) 2.9%
Annual inflation avg.* 2.89%
CPI 1977 32.46
CPI 2018 104.8
CPI today* 107.34
€1 in 1977 €3.23 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 41 years between 1977 and 2018 and the average inflation rate has been 2.8888%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)41 = €322.9

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 1977 was 32.46 and the CPI today is 107.34. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/32.46
= €322.9

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1977 €3.31 euro today
€5 euro in 1977 €16.54 euro today
€10 euro in 1977 €33.07 euro today
€50 euro in 1977 €165.36 euro today
€100 euro in 1977 €330.72 euro today
€500 euro in 1977 €1,653.6 euro today
€1,000 euro in 1977 €3,307.21 euro today
€5,000 euro in 1977 €16,536.04 euro today
€10,000 euro in 1977 €33,072.09 euro today
€50,000 euro in 1977 €165,360.43 euro today
€100,000 euro in 1977 €330,720.86 euro today
€500,000 euro in 1977 €1,653,604.32 euro today
€1,000,000 euro in 1977 €3,307,208.64 euro today

Value of Euro in time (by year)

Period Value
1977 100
1978 106.32
1979 110.43
1980 116.1
1981 124.87
1982 135.02
1983 145.96
1984 156.4
1985 164.76
1986 171.4
1987 172.4
1988 174.89
1989 178.26
1990 184.68
1991 191.13
1992 196.47
1993 201.18
1994 206.6
1995 210.45
1996 213.53
1997 218.96
1998 221.47
1999 222.75
2000 227.05
2001 232.73
2002 237.8
2003 241.07
2004 245.25
2005 250.84
2006 258.08
2007 262.32
2008 270.41
2009 277.53
2010 278.26
2011 286.9
2012 296.89
2013 303.51
2014 306.44
2015 305.28
2016 309.86
2017 316.15
2018 322.9
Today 330.72