Value of 1989 Euro (Greece) today

€100 in 1989

€437.99 in 2019

The inflation rate in Greece between 1989 and today has been 337.99%, which translates into a total increase of €337.99. This means that 100 euro in 1989 are equivalent to 437.99 euro in 2019. In other words, the purchasing power of €100 in 1989 equals €437.99 today. The average annual inflation rate has been 4.88%.

Inflation timeline in Greece (1989-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1989-2019) 337.88%
Total Inflation* 337.99%
Annual inflation avg. (1989-2019) 5.05%
Annual inflation avg.* 4.88%
CPI 1989 23.14
CPI 2019 101.33
CPI today* 101.36
€1 in 1989 €4.38 in 2019

* 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 30 years between 1989 and 2019 and the average inflation rate has been 4.8799%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)30 = €437.88

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 1989 was 23.14 and the CPI today is 101.36. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.33/23.14
= €437.88

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1989 €4.38 euro today
€5 euro in 1989 €21.9 euro today
€10 euro in 1989 €43.8 euro today
€50 euro in 1989 €218.99 euro today
€100 euro in 1989 €437.99 euro today
€500 euro in 1989 €2,189.93 euro today
€1,000 euro in 1989 €4,379.86 euro today
€5,000 euro in 1989 €21,899.29 euro today
€10,000 euro in 1989 €43,798.58 euro today
€50,000 euro in 1989 €218,992.91 euro today
€100,000 euro in 1989 €437,985.83 euro today
€500,000 euro in 1989 €2,189,929.15 euro today
€1,000,000 euro in 1989 €4,379,858.29 euro today

Value of Euro in time (by year)

Period Value
1989 100
1990 114.84
1991 141.12
1992 166.55
1993 190.54
1994 213.43
1995 236.19
1996 254.9
1997 273.48
1998 286.38
1999 297.46
2000 305.62
2001 317.56
2002 327.23
2003 338.32
2004 348.72
2005 359.5
2006 372.52
2007 383.36
2008 398.25
2009 406.08
2010 416.8
2011 438.37
2012 448.95
2013 452.56
2014 444.82
2015 433.23
2016 432.5
2017 432.6
2018 435.42
2019 437.88
Today 437.99