Value of 1994 Euro (Germany) today

€100 in 1994
€169.58 in 2024

The inflation rate in Germany between 1994 and today has been 69.58%, which translates into a total increase of €69.58. This means that 100 euro in 1994 are equivalent to 169.58 euro in 2024. In other words, the purchasing power of €100 in 1994 equals €169.58 today. The average annual inflation rate between these periods has been 1.78%.

Inflation timeline in Germany (1994 - 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 1994-2023 66.67%
Cumulative inflation 1994-today 69.58%
Avg. Annual inflation 1994-2023 1.78%
CPI 1994 73.82
CPI 2023 123.03
CPI 2024-03 (latest official data) 125.04
CPI today 125.18

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=€ 100 ×
123.03/73.82
€166.67

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 125.18:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=€ 100 ×
125.18/73.82
€169.58

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 29 years between 1994 and 2023 and the average inflation rate was 1.7772%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.017772)29
€166.67

Germany inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €1.67 euro in 2023
€5 euro in 1994 €8.33 euro in 2023
€10 euro in 1994 €16.67 euro in 2023
€50 euro in 1994 €83.34 euro in 2023
€100 euro in 1994 €166.67 euro in 2023
€500 euro in 1994 €833.37 euro in 2023
€1,000 euro in 1994 €1,666.75 euro in 2023
€5,000 euro in 1994 €8,333.74 euro in 2023
€10,000 euro in 1994 €16,667.48 euro in 2023
€50,000 euro in 1994 €83,337.4 euro in 2023
€100,000 euro in 1994 €166,674.79 euro in 2023
€500,000 euro in 1994 €833,373.97 euro in 2023
€1,000,000 euro in 1994 €1,666,747.95 euro in 2023
Cumulative inflation From 1994 69.58%
Avg. annual inflation From 1994 1.78%
CPI 1994 73.82
CPI today 125.18

Value of Euro over time (by year)

Period Value
1994 100
1995 101.71
1996 103.18
1997 105.18
1998 106.14
1999 106.76
2000 108.3
2001 110.45
2002 112.02
2003 113.18
2004 115.06
2005 116.84
2006 118.68
2007 121.41
2008 124.6
2009 124.99
2010 126.37
2011 128.99
2012 131.59
2013 133.57
2014 134.78
2015 135.47
2016 136.14
2017 138.19
2018 140.58
2019 142.62
2020 142.82
2021 147.2
2022 157.32
2023 166.67
2024-03 169.39
Today 169.58

All available years

Today's value of euro (Germany) 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 | 2023 |

Other currencies: