Value of 1983 Euro (Belgium) today

€100 in 1983
€242.23 in 2022

The inflation rate in Belgium between 1983 and today has been 142.23%, which translates into a total increase of €142.23. This means that 100 euro in 1983 are equivalent to 242.23 euro in 2022. In other words, the purchasing power of €100 in 1983 equals €242.23 today. The average annual inflation rate between these periods has been 2.29%.

Inflation timeline in Belgium (1983 - 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 1983-2021 125.15%
Cumulative inflation 1983-today 142.23%
Avg. Annual inflation 1983-2021 2.16%
CPI 1983 49.41
CPI 2021 111.26
CPI 2022-04 (latest official data) 119.02
CPI today 119.69

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 1983 and 2021, use the corresponding CPI values:

Value2021
=Value1983 ×
CPI2021/CPI1983
=€ 100 ×
111.26/49.41
€225.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.69:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=€ 100 ×
119.69/49.41
€242.23

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 38 years between 1983 and 2021 and the average inflation rate was 2.1588%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.021588)38
€225.15

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €2.25 euro in 2021
€5 euro in 1983 €11.26 euro in 2021
€10 euro in 1983 €22.52 euro in 2021
€50 euro in 1983 €112.58 euro in 2021
€100 euro in 1983 €225.15 euro in 2021
€500 euro in 1983 €1,125.77 euro in 2021
€1,000 euro in 1983 €2,251.54 euro in 2021
€5,000 euro in 1983 €11,257.72 euro in 2021
€10,000 euro in 1983 €22,515.43 euro in 2021
€50,000 euro in 1983 €112,577.15 euro in 2021
€100,000 euro in 1983 €225,154.3 euro in 2021
€500,000 euro in 1983 €1,125,771.5 euro in 2021
€1,000,000 euro in 1983 €2,251,543.01 euro in 2021
Cumulative inflation From 1983 142.23%
Avg. annual inflation From 1983 2.29%
CPI 1983 49.41
CPI today 119.69

Value of Euro over time (by year)

Period Value
1983 100
1984 106.34
1985 111.52
1986 112.96
1987 114.72
1988 116.05
1989 119.65
1990 123.78
1991 127.76
1992 130.86
1993 134.47
1994 137.66
1995 139.69
1996 142.59
1997 144.91
1998 146.28
1999 147.92
2000 151.69
2001 155.43
2002 157.99
2003 160.5
2004 163.87
2005 168.42
2006 171.44
2007 174.57
2008 182.4
2009 182.31
2010 186.3
2011 192.88
2012 198.36
2013 200.56
2014 201.25
2015 202.38
2016 206.37
2017 210.76
2018 215.08
2019 218.17
2020 219.79
2021 225.15
2022-04 240.86
Today 242.23

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: