Value of 1987 Euro (Greece) today

€100 in 1987
€587.78 in 2022

The inflation rate in Greece between 1987 and today has been 487.78%, which translates into a total increase of €487.78. This means that 100 euro in 1987 are equivalent to 587.78 euro in 2022. In other words, the purchasing power of €100 in 1987 equals €587.78 today. The average annual inflation rate between these periods has been 5.19%.

Inflation timeline in Greece (1987 - 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 1987-2021 431.36%
Cumulative inflation 1987-today 487.78%
Avg. Annual inflation 1987-2021 5.04%
CPI 1987 19.03
CPI 2021 101.13
CPI 2022-04 (latest official data) 110.97
CPI today 111.87

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=€ 100 ×
101.13/19.03
€531.36

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.87:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=€ 100 ×
111.87/19.03
€587.78

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 34 years between 1987 and 2021 and the average inflation rate was 5.0352%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.050352)34
€531.36

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €5.31 euro in 2021
€5 euro in 1987 €26.57 euro in 2021
€10 euro in 1987 €53.14 euro in 2021
€50 euro in 1987 €265.68 euro in 2021
€100 euro in 1987 €531.36 euro in 2021
€500 euro in 1987 €2,656.78 euro in 2021
€1,000 euro in 1987 €5,313.56 euro in 2021
€5,000 euro in 1987 €26,567.82 euro in 2021
€10,000 euro in 1987 €53,135.65 euro in 2021
€50,000 euro in 1987 €265,678.24 euro in 2021
€100,000 euro in 1987 €531,356.48 euro in 2021
€500,000 euro in 1987 €2,656,782.4 euro in 2021
€1,000,000 euro in 1987 €5,313,564.8 euro in 2021
Cumulative inflation From 1987 487.78%
Avg. annual inflation From 1987 5.19%
CPI 1987 19.03
CPI today 111.87

Value of Euro over time (by year)

Period Value
1987 100
1988 113.53
1989 129.03
1990 155.4
1991 185.63
1992 215.1
1993 246.1
1994 272.87
1995 297.24
1996 321.6
1997 339.41
1998 355.58
1999 364.96
2000 376.46
2001 389.16
2002 403.28
2003 417.52
2004 429.63
2005 444.86
2006 459.07
2007 472.36
2008 491.98
2009 497.93
2010 521.4
2011 538.76
2012 546.85
2013 541.82
2014 534.71
2015 525.42
2016 521.09
2017 526.93
2018 530.22
2019 531.57
2020 524.93
2021 531.36
2022-04 583.07
Today 587.78

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: