Value of 1991 Euro (Greece) today

€100 in 1991
€319 in 2022

The inflation rate in Greece between 1991 and today has been 219%, which translates into a total increase of €219. This means that 100 euro in 1991 are equivalent to 319 euro in 2022. In other words, the purchasing power of €100 in 1991 equals €319 today. The average annual inflation rate between these periods has been 3.81%.

Inflation timeline in Greece (1991 - 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 1991-2021 186.24%
Cumulative inflation 1991-today 219%
Avg. Annual inflation 1991-2021 3.57%
CPI 1991 35.33
CPI 2021 101.13
CPI 2022-05 (latest official data) 111.7
CPI today 112.7

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 1991 and 2021, use the corresponding CPI values:

Value2021
=Value1991 ×
CPI2021/CPI1991
=€ 100 ×
101.13/35.33
€286.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.7:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=€ 100 ×
112.7/35.33
€319

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 30 years between 1991 and 2021 and the average inflation rate was 3.5677%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.035677)30
€286.24

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €2.86 euro in 2021
€5 euro in 1991 €14.31 euro in 2021
€10 euro in 1991 €28.62 euro in 2021
€50 euro in 1991 €143.12 euro in 2021
€100 euro in 1991 €286.24 euro in 2021
€500 euro in 1991 €1,431.21 euro in 2021
€1,000 euro in 1991 €2,862.43 euro in 2021
€5,000 euro in 1991 €14,312.13 euro in 2021
€10,000 euro in 1991 €28,624.27 euro in 2021
€50,000 euro in 1991 €143,121.35 euro in 2021
€100,000 euro in 1991 €286,242.69 euro in 2021
€500,000 euro in 1991 €1,431,213.47 euro in 2021
€1,000,000 euro in 1991 €2,862,426.93 euro in 2021
Cumulative inflation From 1991 219%
Avg. annual inflation From 1991 3.81%
CPI 1991 35.33
CPI today 112.7

Value of Euro over time (by year)

Period Value
1991 100
1992 115.88
1993 132.58
1994 146.99
1995 160.13
1996 173.25
1997 182.84
1998 191.55
1999 196.6
2000 202.8
2001 209.64
2002 217.25
2003 224.92
2004 231.44
2005 239.65
2006 247.3
2007 254.46
2008 265.03
2009 268.24
2010 280.88
2011 290.23
2012 294.59
2013 291.88
2014 288.05
2015 283.05
2016 280.71
2017 283.86
2018 285.63
2019 286.36
2020 282.78
2021 286.24
2022-05 316.16
Today 319

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: