Value of 2003 Euro (Belgium) today

€100 in 2003
€166.42 in 2024

The inflation rate in Belgium between 2003 and today has been 66.42%, which translates into a total increase of €66.42. This means that 100 euro in 2003 are equivalent to 166.42 euro in 2024. In other words, the purchasing power of €100 in 2003 equals €166.42 today. The average annual inflation rate between these periods has been 2.46%.

Inflation timeline in Belgium (2003 - 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 2003-2023 59.97%
Cumulative inflation 2003-today 66.42%
Avg. Annual inflation 2003-2023 2.38%
CPI 2003 79.31
CPI 2023 126.87
CPI 2024-10 (latest official data) 131.6
CPI today 131.98

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 2003 and 2023, use the corresponding CPI values:

Value2023
=Value2003 ×
CPI2023/CPI2003
=€ 100 ×
126.87/79.31
€159.97

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.98:

Valuetoday
=Value2003 ×
CPItoday/CPI2003
=€ 100 ×
131.98/79.31
€166.42

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 20 years between 2003 and 2023 and the average inflation rate was 2.3769%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.023769)20
€159.97

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2003 €1.6 euro in 2023
€5 euro in 2003 €8 euro in 2023
€10 euro in 2003 €16 euro in 2023
€50 euro in 2003 €79.99 euro in 2023
€100 euro in 2003 €159.97 euro in 2023
€500 euro in 2003 €799.86 euro in 2023
€1,000 euro in 2003 €1,599.71 euro in 2023
€5,000 euro in 2003 €7,998.57 euro in 2023
€10,000 euro in 2003 €15,997.14 euro in 2023
€50,000 euro in 2003 €79,985.72 euro in 2023
€100,000 euro in 2003 €159,971.43 euro in 2023
€500,000 euro in 2003 €799,857.17 euro in 2023
€1,000,000 euro in 2003 €1,599,714.33 euro in 2023
Cumulative inflation From 2003 66.42%
Avg. annual inflation From 2003 2.46%
CPI 2003 79.31
CPI today 131.98

Value of Euro over time (by year)

Period Value
2003 100
2004 102.1
2005 104.94
2006 106.82
2007 108.76
2008 113.65
2009 113.59
2010 116.07
2011 120.17
2012 123.59
2013 124.96
2014 125.39
2015 126.09
2016 128.58
2017 131.31
2018 134.01
2019 135.93
2020 136.94
2021 140.28
2022 153.75
2023 159.97
2024-10 165.94
Today 166.42

All available years

Today's value of euro (Belgium) by year:

1955 | 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: