Value of 1961 Euro (Greece) today

€100 in 1961
€9,916.53 in 2022

The inflation rate in Greece between 1961 and today has been 9,816.53%, which translates into a total increase of €9,816.53. This means that 100 euro in 1961 are equivalent to 9,916.53 euro in 2022. In other words, the purchasing power of €100 in 1961 equals €9,916.53 today. The average annual inflation rate between these periods has been 7.83%.

Inflation timeline in Greece (1961 - 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 1961-2021 8,800.85%
Cumulative inflation 1961-today 9,816.53%
Avg. Annual inflation 1961-2021 7.77%
CPI 1961 1.14
CPI 2021 101.13
CPI 2022-05 (latest official data) 111.7
CPI today 112.67

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 1961 and 2021, use the corresponding CPI values:

Value2021
=Value1961 ×
CPI2021/CPI1961
=€ 100 ×
101.13/1.14
€8,900.85

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.67:

Valuetoday
=Value1961 ×
CPItoday/CPI1961
=€ 100 ×
112.67/1.14
€9,916.53

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 60 years between 1961 and 2021 and the average inflation rate was 7.7682%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.077682)60
€8,900.85

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1961 €89.01 euro in 2021
€5 euro in 1961 €445.04 euro in 2021
€10 euro in 1961 €890.09 euro in 2021
€50 euro in 1961 €4,450.43 euro in 2021
€100 euro in 1961 €8,900.85 euro in 2021
€500 euro in 1961 €44,504.27 euro in 2021
€1,000 euro in 1961 €89,008.55 euro in 2021
€5,000 euro in 1961 €445,042.75 euro in 2021
€10,000 euro in 1961 €890,085.5 euro in 2021
€50,000 euro in 1961 €4,450,427.49 euro in 2021
€100,000 euro in 1961 €8,900,854.97 euro in 2021
€500,000 euro in 1961 €44,504,274.87 euro in 2021
€1,000,000 euro in 1961 €89,008,549.75 euro in 2021
Cumulative inflation From 1961 9,816.53%
Avg. annual inflation From 1961 7.83%
CPI 1961 1.14
CPI today 112.67

Value of Euro over time (by year)

Period Value
1961 100
1962 99.52
1963 102.69
1964 103.33
1965 106.66
1966 111.89
1967 113.95
1968 114.1
1969 117.12
1970 120.44
1971 124.41
1972 129.79
1973 149.76
1974 189.54
1975 215.37
1976 243.42
1977 273.53
1978 307.92
1979 366.72
1980 457.21
1981 569.26
1982 688.75
1983 827.73
1984 980.51
1985 1,169.89
1986 1,439.14
1987 1,675.12
1988 1,901.74
1989 2,161.44
1990 2,603.1
1991 3,109.55
1992 3,603.25
1993 4,122.53
1994 4,570.82
1995 4,979.2
1996 5,387.22
1997 5,685.45
1998 5,956.44
1999 6,113.49
2000 6,306.13
2001 6,518.9
2002 6,755.49
2003 6,994.01
2004 7,196.75
2005 7,451.88
2006 7,690.04
2007 7,912.67
2008 8,241.26
2009 8,340.99
2010 8,734.1
2011 9,024.94
2012 9,160.45
2013 9,076.06
2014 8,956.96
2015 8,801.47
2016 8,728.8
2017 8,826.67
2018 8,881.9
2019 8,904.37
2020 8,793.24
2021 8,900.85
2022-05 9,831.09
Today 9,916.53

All available years

Today's value of euro (Greece) 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 |

Other currencies: