Value of 1984 Euro (Belgium) today

€100 in 1984
€248.86 in 2024

The inflation rate in Belgium between 1984 and today has been 148.86%, which translates into a total increase of €148.86. This means that 100 euro in 1984 are equivalent to 248.86 euro in 2024. In other words, the purchasing power of €100 in 1984 equals €248.86 today. The average annual inflation rate between these periods has been 2.31%.

Inflation timeline in Belgium (1984 - 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 1984-2023 141.44%
Cumulative inflation 1984-today 148.86%
Avg. Annual inflation 1984-2023 2.29%
CPI 1984 52.55
CPI 2023 126.87
CPI 2024-03 (latest official data) 130.55
CPI today 130.77

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 1984 and 2023, use the corresponding CPI values:

Value2023
=Value1984 ×
CPI2023/CPI1984
=€ 100 ×
126.87/52.55
€241.44

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 130.77:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=€ 100 ×
130.77/52.55
€248.86

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 39 years between 1984 and 2023 and the average inflation rate was 2.2859%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.022859)39
€241.44

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €2.41 euro in 2023
€5 euro in 1984 €12.07 euro in 2023
€10 euro in 1984 €24.14 euro in 2023
€50 euro in 1984 €120.72 euro in 2023
€100 euro in 1984 €241.44 euro in 2023
€500 euro in 1984 €1,207.22 euro in 2023
€1,000 euro in 1984 €2,414.43 euro in 2023
€5,000 euro in 1984 €12,072.16 euro in 2023
€10,000 euro in 1984 €24,144.32 euro in 2023
€50,000 euro in 1984 €120,721.58 euro in 2023
€100,000 euro in 1984 €241,443.16 euro in 2023
€500,000 euro in 1984 €1,207,215.81 euro in 2023
€1,000,000 euro in 1984 €2,414,431.61 euro in 2023
Cumulative inflation From 1984 148.86%
Avg. annual inflation From 1984 2.31%
CPI 1984 52.55
CPI today 130.77

Value of Euro over time (by year)

Period Value
1984 100
1985 104.87
1986 106.23
1987 107.88
1988 109.13
1989 112.52
1990 116.4
1991 120.14
1992 123.06
1993 126.45
1994 129.45
1995 131.36
1996 134.08
1997 136.27
1998 137.56
1999 139.1
2000 142.64
2001 146.16
2002 148.57
2003 150.93
2004 154.09
2005 158.38
2006 161.22
2007 164.16
2008 171.53
2009 171.43
2010 175.19
2011 181.38
2012 186.53
2013 188.6
2014 189.24
2015 190.31
2016 194.06
2017 198.19
2018 202.26
2019 205.16
2020 206.68
2021 211.73
2022 232.05
2023 241.44
2024-03 248.45
Today 248.86

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 | 2022 | 2023 |

Other currencies: