Value of 1984 Euro (Greece) today

€100 in 1984
€1,048.84 in 2024

The inflation rate in Greece between 1984 and today has been 948.84%, which translates into a total increase of €948.84. This means that 100 euro in 1984 are equivalent to 1,048.84 euro in 2024. In other words, the purchasing power of €100 in 1984 equals €1,048.84 today. The average annual inflation rate between these periods has been 6.05%.

Inflation timeline in Greece (1984 - 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 1984-2023 929.82%
Cumulative inflation 1984-today 948.84%
Avg. Annual inflation 1984-2023 6.16%
CPI 1984 11.14
CPI 2023 114.73
CPI 2023-12 (latest official data) 116.36
CPI today 116.84

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 1984 and 2023, use the corresponding CPI values:

Value2023
=Value1984 ×
CPI2023/CPI1984
=€ 100 ×
114.73/11.14
€1,029.82

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.84:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=€ 100 ×
116.84/11.14
€1,048.84

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 39 years between 1984 and 2023 and the average inflation rate was 6.1618%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.061618)39
€1,029.82

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €10.3 euro in 2023
€5 euro in 1984 €51.49 euro in 2023
€10 euro in 1984 €102.98 euro in 2023
€50 euro in 1984 €514.91 euro in 2023
€100 euro in 1984 €1,029.82 euro in 2023
€500 euro in 1984 €5,149.12 euro in 2023
€1,000 euro in 1984 €10,298.24 euro in 2023
€5,000 euro in 1984 €51,491.21 euro in 2023
€10,000 euro in 1984 €102,982.42 euro in 2023
€50,000 euro in 1984 €514,912.12 euro in 2023
€100,000 euro in 1984 €1,029,824.23 euro in 2023
€500,000 euro in 1984 €5,149,121.16 euro in 2023
€1,000,000 euro in 1984 €10,298,242.32 euro in 2023
Cumulative inflation From 1984 948.84%
Avg. annual inflation From 1984 6.05%
CPI 1984 11.14
CPI today 116.84

Value of Euro over time (by year)

Period Value
1984 100
1985 119.31
1986 146.78
1987 170.84
1988 193.96
1989 220.44
1990 265.48
1991 317.14
1992 367.49
1993 420.45
1994 466.17
1995 507.82
1996 549.43
1997 579.85
1998 607.49
1999 623.5
2000 643.15
2001 664.85
2002 688.98
2003 713.3
2004 733.98
2005 760
2006 784.29
2007 807
2008 840.51
2009 850.68
2010 890.77
2011 920.44
2012 934.26
2013 925.65
2014 913.5
2015 897.64
2016 890.23
2017 900.21
2018 905.85
2019 908.14
2020 896.81
2021 907.78
2022 995.34
2023 1,029.82
2023-12 1,044.54
Today 1,048.84

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 | 2022 | 2023 |

Other currencies: