Value of 1955 Euro (Greece) today

€100 in 1955
€11,835.1 in 2024

The inflation rate in Greece between 1955 and today has been 11,735.1%, which translates into a total increase of €11,735.1. This means that 100 euro in 1955 are equivalent to 11,835.1 euro in 2024. In other words, the purchasing power of €100 in 1955 equals €11,835.1 today. The average annual inflation rate between these periods has been 7.16%.

Inflation timeline in Greece (1955 - 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 1955-2023 11,435.83%
Cumulative inflation 1955-today 11,735.1%
Avg. Annual inflation 1955-2023 7.23%
CPI 1955 0.99
CPI 2023 114.73
CPI 2024-05 (latest official data) 117.55
CPI today 117.7

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 1955 and 2023, use the corresponding CPI values:

Value2023
=Value1955 ×
CPI2023/CPI1955
=€ 100 ×
114.73/0.99
€11,535.83

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.7:

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=€ 100 ×
117.7/0.99
€11,835.1

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 68 years between 1955 and 2023 and the average inflation rate was 7.232%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.07232)68
€11,535.83

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1955 €115.36 euro in 2023
€5 euro in 1955 €576.79 euro in 2023
€10 euro in 1955 €1,153.58 euro in 2023
€50 euro in 1955 €5,767.91 euro in 2023
€100 euro in 1955 €11,535.83 euro in 2023
€500 euro in 1955 €57,679.13 euro in 2023
€1,000 euro in 1955 €115,358.26 euro in 2023
€5,000 euro in 1955 €576,791.32 euro in 2023
€10,000 euro in 1955 €1,153,582.63 euro in 2023
€50,000 euro in 1955 €5,767,913.15 euro in 2023
€100,000 euro in 1955 €11,535,826.31 euro in 2023
€500,000 euro in 1955 €57,679,131.54 euro in 2023
€1,000,000 euro in 1955 €115,358,263.08 euro in 2023
Cumulative inflation From 1955 11,735.1%
Avg. annual inflation From 1955 7.16%
CPI 1955 0.99
CPI today 117.7

Value of Euro over time (by year)

Period Value
1955 100
1956 103.63
1957 105.98
1958 107.46
1959 110.26
1960 111.89
1961 114.24
1962 113.7
1963 117.32
1964 118.05
1965 121.85
1966 127.82
1967 130.18
1968 130.36
1969 133.8
1970 137.6
1971 142.13
1972 148.28
1973 171.09
1974 216.54
1975 246.05
1976 278.1
1977 312.5
1978 351.79
1979 418.96
1980 522.34
1981 650.34
1982 786.86
1983 945.64
1984 1,120.17
1985 1,336.53
1986 1,644.14
1987 1,913.73
1988 2,172.63
1989 2,469.32
1990 2,973.89
1991 3,552.48
1992 4,116.51
1993 4,709.76
1994 5,221.9
1995 5,688.45
1996 6,154.59
1997 6,495.31
1998 6,804.89
1999 6,984.31
2000 7,204.4
2001 7,447.48
2002 7,717.77
2003 7,990.26
2004 8,221.88
2005 8,513.36
2006 8,785.44
2007 9,039.78
2008 9,415.18
2009 9,529.11
2010 9,978.22
2011 10,310.48
2012 10,465.29
2013 10,368.88
2014 10,232.82
2015 10,055.18
2016 9,972.16
2017 10,083.97
2018 10,147.07
2019 10,172.74
2020 10,045.78
2021 10,168.72
2022 11,149.53
2023 11,535.83
2024-05 11,819.63
Today 11,835.1

All available years

Today's value of euro (Greece) 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: