Value of 1999 Euro (Belgium) today

€100 in 1999
€174.65 in 2023

The inflation rate in Belgium between 1999 and today has been 74.65%, which translates into a total increase of €74.65. This means that 100 euro in 1999 are equivalent to 174.65 euro in 2023. In other words, the purchasing power of €100 in 1999 equals €174.65 today. The average annual inflation rate between these periods has been 2.35%.

Inflation timeline in Belgium (1999 - 2023)

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 1999-2022 66.82%
Cumulative inflation 1999-today 74.65%
Avg. Annual inflation 1999-2022 2.25%
CPI 1999 73.09
CPI 2022 121.93
CPI 2022-12 (latest official data) 126.58
CPI today 127.65

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 1999 and 2022, use the corresponding CPI values:

Value2022
=Value1999 ×
CPI2022/CPI1999
=€ 100 ×
121.93/73.09
€166.82

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.65:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=€ 100 ×
127.65/73.09
€174.65

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 23 years between 1999 and 2022 and the average inflation rate was 2.2499%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.022499)23
€166.82

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1999 €1.67 euro in 2022
€5 euro in 1999 €8.34 euro in 2022
€10 euro in 1999 €16.68 euro in 2022
€50 euro in 1999 €83.41 euro in 2022
€100 euro in 1999 €166.82 euro in 2022
€500 euro in 1999 €834.09 euro in 2022
€1,000 euro in 1999 €1,668.18 euro in 2022
€5,000 euro in 1999 €8,340.92 euro in 2022
€10,000 euro in 1999 €16,681.84 euro in 2022
€50,000 euro in 1999 €83,409.21 euro in 2022
€100,000 euro in 1999 €166,818.41 euro in 2022
€500,000 euro in 1999 €834,092.06 euro in 2022
€1,000,000 euro in 1999 €1,668,184.13 euro in 2022
Cumulative inflation From 1999 74.65%
Avg. annual inflation From 1999 2.35%
CPI 1999 73.09
CPI today 127.65

Value of Euro over time (by year)

Period Value
1999 100
2000 102.54
2001 105.08
2002 106.81
2003 108.5
2004 110.78
2005 113.86
2006 115.9
2007 118.01
2008 123.31
2009 123.24
2010 125.94
2011 130.39
2012 134.09
2013 135.59
2014 136.05
2015 136.81
2016 139.51
2017 142.48
2018 145.4
2019 147.49
2020 148.58
2021 152.21
2022 166.82
2022-12 173.17
Today 174.65

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 |

Other currencies: