Value of 1978 Euro (Belgium) today

€100 in 1978
€374.69 in 2024

The inflation rate in Belgium between 1978 and today has been 274.69%, which translates into a total increase of €274.69. This means that 100 euro in 1978 are equivalent to 374.69 euro in 2024. In other words, the purchasing power of €100 in 1978 equals €374.69 today. The average annual inflation rate between these periods has been 2.91%.

Inflation timeline in Belgium (1978 - 2024)

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 1978-2023 260.4%
Cumulative inflation 1978-today 274.69%
Avg. Annual inflation 1978-2023 2.89%
CPI 1978 35.2
CPI 2023 126.87
CPI 2024-11 (latest official data) 131.82
CPI today 131.9

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 1978 and 2023, use the corresponding CPI values:

Value2023
=Value1978 ×
CPI2023/CPI1978
=€ 100 ×
126.87/35.2
€360.4

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.9:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=€ 100 ×
131.9/35.2
€374.69

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 45 years between 1978 and 2023 and the average inflation rate was 2.8899%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.028899)45
€360.4

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €3.6 euro in 2023
€5 euro in 1978 €18.02 euro in 2023
€10 euro in 1978 €36.04 euro in 2023
€50 euro in 1978 €180.2 euro in 2023
€100 euro in 1978 €360.4 euro in 2023
€500 euro in 1978 €1,801.99 euro in 2023
€1,000 euro in 1978 €3,603.98 euro in 2023
€5,000 euro in 1978 €18,019.88 euro in 2023
€10,000 euro in 1978 €36,039.76 euro in 2023
€50,000 euro in 1978 €180,198.8 euro in 2023
€100,000 euro in 1978 €360,397.59 euro in 2023
€500,000 euro in 1978 €1,801,987.96 euro in 2023
€1,000,000 euro in 1978 €3,603,975.91 euro in 2023
Cumulative inflation From 1978 274.69%
Avg. annual inflation From 1978 2.91%
CPI 1978 35.2
CPI today 131.9

Value of Euro over time (by year)

Period Value
1978 100
1979 104.47
1980 111.41
1981 119.91
1982 130.38
1983 140.37
1984 149.27
1985 156.54
1986 158.56
1987 161.02
1988 162.89
1989 167.96
1990 173.75
1991 179.33
1992 183.69
1993 188.75
1994 193.23
1995 196.07
1996 200.14
1997 203.4
1998 205.33
1999 207.63
2000 212.92
2001 218.18
2002 221.76
2003 225.29
2004 230.01
2005 236.41
2006 240.65
2007 245.03
2008 256.03
2009 255.9
2010 261.5
2011 270.74
2012 278.42
2013 281.52
2014 282.48
2015 284.07
2016 289.67
2017 295.83
2018 301.91
2019 306.24
2020 308.51
2021 316.04
2022 346.37
2023 360.4
2024-11 374.46
Today 374.69

All available years

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

1955 | 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 | 2022 | 2023 |

Other currencies: