Value of 1999 Euro (Estonia) today

€100 in 1999
€238.45 in 2022

The inflation rate in Estonia between 1999 and today has been 138.45%, which translates into a total increase of €138.45. This means that 100 euro in 1999 are equivalent to 238.45 euro in 2022. In other words, the purchasing power of €100 in 1999 equals €238.45 today. The average annual inflation rate between these periods has been 3.85%.

Inflation timeline in Estonia (1999 - 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 1999-2021 99.2%
Cumulative inflation 1999-today 138.45%
Avg. Annual inflation 1999-2021 3.18%
CPI 1999 57.31
CPI 2021 114.16
CPI 2022-05 (latest official data) 134.23
CPI today 136.65

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 2021, use the corresponding CPI values:

Value2021
=Value1999 ×
CPI2021/CPI1999
=€ 100 ×
114.16/57.31
€199.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 136.65:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=€ 100 ×
136.65/57.31
€238.45

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 22 years between 1999 and 2021 and the average inflation rate was 3.1821%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.031821)22
€199.2

Estonia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1999 €1.99 euro in 2021
€5 euro in 1999 €9.96 euro in 2021
€10 euro in 1999 €19.92 euro in 2021
€50 euro in 1999 €99.6 euro in 2021
€100 euro in 1999 €199.2 euro in 2021
€500 euro in 1999 €996.01 euro in 2021
€1,000 euro in 1999 €1,992.02 euro in 2021
€5,000 euro in 1999 €9,960.11 euro in 2021
€10,000 euro in 1999 €19,920.23 euro in 2021
€50,000 euro in 1999 €99,601.14 euro in 2021
€100,000 euro in 1999 €199,202.27 euro in 2021
€500,000 euro in 1999 €996,011.36 euro in 2021
€1,000,000 euro in 1999 €1,992,022.72 euro in 2021
Cumulative inflation From 1999 138.45%
Avg. annual inflation From 1999 3.85%
CPI 1999 57.31
CPI today 136.65

Value of Euro over time (by year)

Period Value
1999 100
2000 104.02
2001 110
2002 113.93
2003 115.45
2004 118.97
2005 123.82
2006 129.31
2007 137.85
2008 152.14
2009 152.02
2010 156.53
2011 164.33
2012 170.8
2013 175.55
2014 175.36
2015 174.5
2016 174.76
2017 180.73
2018 186.94
2019 191.2
2020 190.35
2021 199.2
2022-05 234.22
Today 238.45

All available years

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

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: