Value of 1994 Euro (Greece) today

€100 in 1994

€205.23 in 2019

The inflation rate in Greece between 1994 and today has been 105.23%, which translates into a total increase of €105.23. This means that 100 euro in 1994 are equivalent to 205.23 euro in 2019. In other words, the purchasing power of €100 in 1994 equals €205.23 today. The average annual inflation rate has been 2.8%.

Inflation timeline in Greece (1994-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1994-2019) 105.16%
Total Inflation* 105.23%
Annual inflation avg. (1994-2019) 2.92%
Annual inflation avg.* 2.8%
CPI 1994 49.39
CPI 2019 101.33
CPI today* 101.36
€1 in 1994 €2.05 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 25 years between 1994 and 2019 and the average inflation rate has been 2.8039%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)25 = €205.16

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 1994 was 49.39 and the CPI today is 101.36. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.33/49.39
= €205.16

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €2.05 euro today
€5 euro in 1994 €10.26 euro today
€10 euro in 1994 €20.52 euro today
€50 euro in 1994 €102.62 euro today
€100 euro in 1994 €205.23 euro today
€500 euro in 1994 €1,026.17 euro today
€1,000 euro in 1994 €2,052.34 euro today
€5,000 euro in 1994 €10,261.72 euro today
€10,000 euro in 1994 €20,523.44 euro today
€50,000 euro in 1994 €102,617.2 euro today
€100,000 euro in 1994 €205,234.4 euro today
€500,000 euro in 1994 €1,026,171.98 euro today
€1,000,000 euro in 1994 €2,052,343.97 euro today

Value of Euro in time (by year)

Period Value
1994 100
1995 110.67
1996 119.43
1997 128.14
1998 134.18
1999 139.37
2000 143.2
2001 148.79
2002 153.32
2003 158.52
2004 163.39
2005 168.44
2006 174.54
2007 179.62
2008 186.6
2009 190.26
2010 195.29
2011 205.39
2012 210.35
2013 212.04
2014 208.42
2015 202.99
2016 202.65
2017 202.69
2018 204.01
2019 205.16
Today 205.23