Value of 1984 Euro (Greece) today

€100 in 1984

€994.65 today

The inflation rate in Greece between 1984 and today has been 894.65%, which translates into a total increase of €894.65. This means that 100 euro in 1984 are equivalent to 994.65 euro in 2018. In other words, the purchasing power of €100 in 1984 equals €994.65 today. The average annual inflation rate has been 6.78%.

Inflation timeline in Greece (1984-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1984-2018) 890.1%
Total Inflation* 894.65%
Annual inflation avg. (1984-2018) 6.98%
Annual inflation avg.* 6.78%
CPI 1984 10.18
CPI 2018 100.76
CPI today* 101.22
€1 in 1984 €9.9 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 34 years between 1984 and 2018 and the average inflation rate has been 6.7837%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.07)34 = €990.1

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1984 was 10.18 and the CPI today is 101.22. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.76/10.18
= €990.1

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €9.95 euro today
€5 euro in 1984 €49.73 euro today
€10 euro in 1984 €99.46 euro today
€50 euro in 1984 €497.32 euro today
€100 euro in 1984 €994.65 euro today
€500 euro in 1984 €4,973.24 euro today
€1,000 euro in 1984 €9,946.49 euro today
€5,000 euro in 1984 €49,732.44 euro today
€10,000 euro in 1984 €99,464.87 euro today
€50,000 euro in 1984 €497,324.36 euro today
€100,000 euro in 1984 €994,648.73 euro today
€500,000 euro in 1984 €4,973,243.65 euro today
€1,000,000 euro in 1984 €9,946,487.3 euro today

Value of Euro in time (by year)

Period Value
1984 100
1985 118.05
1986 147.35
1987 172.4
1988 199.58
1989 227.39
1990 261.14
1991 320.9
1992 378.71
1993 433.26
1994 485.31
1995 537.08
1996 579.62
1997 621.87
1998 651.19
1999 676.39
2000 694.95
2001 722.1
2002 744.08
2003 769.29
2004 792.95
2005 817.47
2006 847.08
2007 871.72
2008 905.57
2009 923.37
2010 947.76
2011 996.79
2012 1,020.87
2013 1,029.08
2014 1,011.47
2015 985.11
2016 983.46
2017 983.69
2018 990.1
Today 994.65