Value of 1989 Euro (Belgium) today

€100 in 1989
€202.44 in 2022

The inflation rate in Belgium between 1989 and today has been 102.44%, which translates into a total increase of €102.44. This means that 100 euro in 1989 are equivalent to 202.44 euro in 2022. In other words, the purchasing power of €100 in 1989 equals €202.44 today. The average annual inflation rate between these periods has been 2.16%.

Inflation timeline in Belgium (1989 - 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 1989-2021 88.17%
Cumulative inflation 1989-today 102.44%
Avg. Annual inflation 1989-2021 2%
CPI 1989 59.13
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 1989 and 2021, use the corresponding CPI values:

Value2021
=Value1989 ×
CPI2021/CPI1989
=€ 100 ×
111.26/59.13
€188.17

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

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=€ 100 ×
119.69/59.13
€202.44

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 32 years between 1989 and 2021 and the average inflation rate was 1.9952%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.019952)32
€188.17

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1989 €1.88 euro in 2021
€5 euro in 1989 €9.41 euro in 2021
€10 euro in 1989 €18.82 euro in 2021
€50 euro in 1989 €94.08 euro in 2021
€100 euro in 1989 €188.17 euro in 2021
€500 euro in 1989 €940.85 euro in 2021
€1,000 euro in 1989 €1,881.7 euro in 2021
€5,000 euro in 1989 €9,408.48 euro in 2021
€10,000 euro in 1989 €18,816.96 euro in 2021
€50,000 euro in 1989 €94,084.79 euro in 2021
€100,000 euro in 1989 €188,169.57 euro in 2021
€500,000 euro in 1989 €940,847.87 euro in 2021
€1,000,000 euro in 1989 €1,881,695.73 euro in 2021
Cumulative inflation From 1989 102.44%
Avg. annual inflation From 1989 2.16%
CPI 1989 59.13
CPI today 119.69

Value of Euro over time (by year)

Period Value
1989 100
1990 103.45
1991 106.77
1992 109.37
1993 112.38
1994 115.05
1995 116.74
1996 119.16
1997 121.11
1998 122.25
1999 123.62
2000 126.77
2001 129.9
2002 132.04
2003 134.14
2004 136.95
2005 140.76
2006 143.28
2007 145.89
2008 152.44
2009 152.36
2010 155.7
2011 161.2
2012 165.77
2013 167.62
2014 168.19
2015 169.13
2016 172.47
2017 176.14
2018 179.75
2019 182.34
2020 183.69
2021 188.17
2022-04 201.29
Today 202.44

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: