Value of 1991 Euro (Belgium) today

€100 in 1991

€173.31 in 2018

The inflation rate in Belgium between 1991 and today has been 73.31%, which translates into a total increase of €73.31. This means that 100 euro in 1991 are equivalent to 173.31 euro in 2018. In other words, the purchasing power of €100 in 1991 equals €173.31 today. The average annual inflation rate has been 1.98%.

Inflation timeline in Belgium (1991-2018)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1991-2018) 68.94%
Total Inflation* 73.31%
Annual inflation avg. (1991-2018) 1.96%
Annual inflation avg.* 1.98%
CPI 1991 62.03
CPI 2018 104.8
CPI today* 107.51
€1 in 1991 €1.69 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 27 years between 1991 and 2018 and the average inflation rate has been 1.9833%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)27 = €168.94

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1991 was 62.03 and the CPI today is 107.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/62.03
= €168.94

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €1.73 euro today
€5 euro in 1991 €8.67 euro today
€10 euro in 1991 €17.33 euro today
€50 euro in 1991 €86.65 euro today
€100 euro in 1991 €173.31 euro today
€500 euro in 1991 €866.54 euro today
€1,000 euro in 1991 €1,733.07 euro today
€5,000 euro in 1991 €8,665.37 euro today
€10,000 euro in 1991 €17,330.74 euro today
€50,000 euro in 1991 €86,653.71 euro today
€100,000 euro in 1991 €173,307.43 euro today
€500,000 euro in 1991 €866,537.14 euro today
€1,000,000 euro in 1991 €1,733,074.29 euro today

Value of Euro in time (by year)

Period Value
1991 100
1992 102.79
1993 105.26
1994 108.1
1995 110.11
1996 111.72
1997 114.56
1998 115.87
1999 116.54
2000 118.8
2001 121.77
2002 124.42
2003 126.13
2004 128.32
2005 131.24
2006 135.03
2007 137.25
2008 141.48
2009 145.2
2010 145.59
2011 150.11
2012 155.33
2013 158.8
2014 160.33
2015 159.73
2016 162.12
2017 165.41
2018 168.94
Today 173.31