Value of 1983 Euro (Greece) today

€100 in 1983
€1,198.4 in 2022

The inflation rate in Greece between 1983 and today has been 1,098.4%, which translates into a total increase of €1,098.4. This means that 100 euro in 1983 are equivalent to 1,198.4 euro in 2022. In other words, the purchasing power of €100 in 1983 equals €1,198.4 today. The average annual inflation rate between these periods has been 6.58%.

Inflation timeline in Greece (1983 - 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 1983-2021 975.33%
Cumulative inflation 1983-today 1,098.4%
Avg. Annual inflation 1983-2021 6.45%
CPI 1983 9.4
CPI 2021 101.13
CPI 2022-05 (latest official data) 111.7
CPI today 112.7

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 1983 and 2021, use the corresponding CPI values:

Value2021
=Value1983 ×
CPI2021/CPI1983
=€ 100 ×
101.13/9.4
€1,075.33

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.7:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=€ 100 ×
112.7/9.4
€1,198.4

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 38 years between 1983 and 2021 and the average inflation rate was 6.45%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.0645)38
€1,075.33

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €10.75 euro in 2021
€5 euro in 1983 €53.77 euro in 2021
€10 euro in 1983 €107.53 euro in 2021
€50 euro in 1983 €537.66 euro in 2021
€100 euro in 1983 €1,075.33 euro in 2021
€500 euro in 1983 €5,376.64 euro in 2021
€1,000 euro in 1983 €10,753.28 euro in 2021
€5,000 euro in 1983 €53,766.4 euro in 2021
€10,000 euro in 1983 €107,532.8 euro in 2021
€50,000 euro in 1983 €537,664 euro in 2021
€100,000 euro in 1983 €1,075,328 euro in 2021
€500,000 euro in 1983 €5,376,639.99 euro in 2021
€1,000,000 euro in 1983 €10,753,279.97 euro in 2021
Cumulative inflation From 1983 1,098.4%
Avg. annual inflation From 1983 6.58%
CPI 1983 9.4
CPI today 112.7

Value of Euro over time (by year)

Period Value
1983 100
1984 118.46
1985 141.34
1986 173.87
1987 202.37
1988 229.75
1989 261.13
1990 314.48
1991 375.67
1992 435.32
1993 498.05
1994 552.21
1995 601.55
1996 650.84
1997 686.87
1998 719.61
1999 738.58
2000 761.86
2001 787.56
2002 816.14
2003 844.96
2004 869.45
2005 900.28
2006 929.05
2007 955.94
2008 995.64
2009 1,007.69
2010 1,055.18
2011 1,090.32
2012 1,106.69
2013 1,096.49
2014 1,082.11
2015 1,063.32
2016 1,054.54
2017 1,066.37
2018 1,073.04
2019 1,075.75
2020 1,062.33
2021 1,075.33
2022-05 1,187.71
Today 1,198.4

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: