Value of 1988 Euro (Belgium) today

€100 in 1988
€228.04 in 2024

The inflation rate in Belgium between 1988 and today has been 128.04%, which translates into a total increase of €128.04. This means that 100 euro in 1988 are equivalent to 228.04 euro in 2024. In other words, the purchasing power of €100 in 1988 equals €228.04 today. The average annual inflation rate between these periods has been 2.32%.

Inflation timeline in Belgium (1988 - 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 1988-2023 121.25%
Cumulative inflation 1988-today 128.04%
Avg. Annual inflation 1988-2023 2.29%
CPI 1988 57.34
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 1988 and 2023, use the corresponding CPI values:

Value2023
=Value1988 ×
CPI2023/CPI1988
=€ 100 ×
126.87/57.34
€221.25

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

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=€ 100 ×
130.77/57.34
€228.04

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 35 years between 1988 and 2023 and the average inflation rate was 2.2948%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.022948)35
€221.25

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1988 €2.21 euro in 2023
€5 euro in 1988 €11.06 euro in 2023
€10 euro in 1988 €22.12 euro in 2023
€50 euro in 1988 €110.62 euro in 2023
€100 euro in 1988 €221.25 euro in 2023
€500 euro in 1988 €1,106.23 euro in 2023
€1,000 euro in 1988 €2,212.47 euro in 2023
€5,000 euro in 1988 €11,062.33 euro in 2023
€10,000 euro in 1988 €22,124.65 euro in 2023
€50,000 euro in 1988 €110,623.25 euro in 2023
€100,000 euro in 1988 €221,246.51 euro in 2023
€500,000 euro in 1988 €1,106,232.53 euro in 2023
€1,000,000 euro in 1988 €2,212,465.06 euro in 2023
Cumulative inflation From 1988 128.04%
Avg. annual inflation From 1988 2.32%
CPI 1988 57.34
CPI today 130.77

Value of Euro over time (by year)

Period Value
1988 100
1989 103.11
1990 106.66
1991 110.09
1992 112.77
1993 115.87
1994 118.63
1995 120.37
1996 122.87
1997 124.87
1998 126.05
1999 127.47
2000 130.71
2001 133.94
2002 136.14
2003 138.3
2004 141.2
2005 145.13
2006 147.73
2007 150.42
2008 157.18
2009 157.09
2010 160.53
2011 166.2
2012 170.92
2013 172.83
2014 173.41
2015 174.39
2016 177.83
2017 181.61
2018 185.34
2019 188
2020 189.39
2021 194.02
2022 212.64
2023 221.25
2024-03 227.67
Today 228.04

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: