Value of 1991 Euro (Greece) today

€100 in 1991

€310.38 in 2019

The inflation rate in Greece between 1991 and today has been 210.38%, which translates into a total increase of €210.38. This means that 100 euro in 1991 are equivalent to 310.38 euro in 2019. In other words, the purchasing power of €100 in 1991 equals €310.38 today. The average annual inflation rate has been 3.98%.

Inflation timeline in Greece (1991-2019)

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 (1991-2019) 210.28%
Total Inflation* 210.38%
Annual inflation avg. (1991-2019) 4.13%
Annual inflation avg.* 3.98%
CPI 1991 32.66
CPI 2019 101.33
CPI today* 101.36
€1 in 1991 €3.1 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 28 years between 1991 and 2019 and the average inflation rate has been 3.9829%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)28 = €310.28

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 1991 was 32.66 and the CPI today is 101.36. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.33/32.66
= €310.28

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €3.1 euro today
€5 euro in 1991 €15.52 euro today
€10 euro in 1991 €31.04 euro today
€50 euro in 1991 €155.19 euro today
€100 euro in 1991 €310.38 euro today
€500 euro in 1991 €1,551.89 euro today
€1,000 euro in 1991 €3,103.78 euro today
€5,000 euro in 1991 €15,518.9 euro today
€10,000 euro in 1991 €31,037.8 euro today
€50,000 euro in 1991 €155,189 euro today
€100,000 euro in 1991 €310,378.01 euro today
€500,000 euro in 1991 €1,551,890.05 euro today
€1,000,000 euro in 1991 €3,103,780.1 euro today

Value of Euro in time (by year)

Period Value
1991 100
1992 118.02
1993 135.01
1994 151.24
1995 167.37
1996 180.62
1997 193.79
1998 202.93
1999 210.78
2000 216.57
2001 225.02
2002 231.88
2003 239.73
2004 247.1
2005 254.75
2006 263.97
2007 271.65
2008 282.2
2009 287.75
2010 295.35
2011 310.63
2012 318.13
2013 320.69
2014 315.2
2015 306.99
2016 306.47
2017 306.54
2018 308.54
2019 310.28
Today 310.38