Value of 1997 Euro (Greece) today

€100 in 1997
€180.78 in 2024

The inflation rate in Greece between 1997 and today has been 80.78%, which translates into a total increase of €80.78. This means that 100 euro in 1997 are equivalent to 180.78 euro in 2024. In other words, the purchasing power of €100 in 1997 equals €180.78 today. The average annual inflation rate between these periods has been 2.22%.

Inflation timeline in Greece (1997 - 2024)

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 1997-2023 77.6%
Cumulative inflation 1997-today 80.78%
Avg. Annual inflation 1997-2023 2.23%
CPI 1997 64.6
CPI 2023 114.73
CPI 2023-12 (latest official data) 116.36
CPI today 116.78

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 1997 and 2023, use the corresponding CPI values:

Value2023
=Value1997 ×
CPI2023/CPI1997
=€ 100 ×
114.73/64.6
€177.6

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.78:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=€ 100 ×
116.78/64.6
€180.78

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 26 years between 1997 and 2023 and the average inflation rate was 2.2337%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.022337)26
€177.6

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1997 €1.78 euro in 2023
€5 euro in 1997 €8.88 euro in 2023
€10 euro in 1997 €17.76 euro in 2023
€50 euro in 1997 €88.8 euro in 2023
€100 euro in 1997 €177.6 euro in 2023
€500 euro in 1997 €888.01 euro in 2023
€1,000 euro in 1997 €1,776.02 euro in 2023
€5,000 euro in 1997 €8,880.12 euro in 2023
€10,000 euro in 1997 €17,760.24 euro in 2023
€50,000 euro in 1997 €88,801.19 euro in 2023
€100,000 euro in 1997 €177,602.37 euro in 2023
€500,000 euro in 1997 €888,011.86 euro in 2023
€1,000,000 euro in 1997 €1,776,023.71 euro in 2023
Cumulative inflation From 1997 80.78%
Avg. annual inflation From 1997 2.22%
CPI 1997 64.6
CPI today 116.78

Value of Euro over time (by year)

Period Value
1997 100
1998 104.77
1999 107.53
2000 110.92
2001 114.66
2002 118.82
2003 123.02
2004 126.58
2005 131.07
2006 135.26
2007 139.17
2008 144.95
2009 146.71
2010 153.62
2011 158.74
2012 161.12
2013 159.64
2014 157.54
2015 154.81
2016 153.53
2017 155.25
2018 156.22
2019 156.62
2020 154.66
2021 156.55
2022 171.66
2023 177.6
2023-12 180.14
Today 180.78

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 | 2022 | 2023 |

Other currencies: