Value of 1998 Euro (Greece) today

€100 in 1998
€165.3 in 2022

The inflation rate in Greece between 1998 and today has been 65.3%, which translates into a total increase of €65.3. This means that 100 euro in 1998 are equivalent to 165.3 euro in 2022. In other words, the purchasing power of €100 in 1998 equals €165.3 today. The average annual inflation rate between these periods has been 2.12%.

Inflation timeline in Greece (1998 - 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 1998-2021 49.43%
Cumulative inflation 1998-today 65.3%
Avg. Annual inflation 1998-2021 1.76%
CPI 1998 67.68
CPI 2021 101.13
CPI 2022-04 (latest official data) 110.97
CPI today 111.87

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 1998 and 2021, use the corresponding CPI values:

Value2021
=Value1998 ×
CPI2021/CPI1998
=€ 100 ×
101.13/67.68
€149.43

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.87:

Valuetoday
=Value1998 ×
CPItoday/CPI1998
=€ 100 ×
111.87/67.68
€165.3

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 23 years between 1998 and 2021 and the average inflation rate was 1.7618%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.017618)23
€149.43

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1998 €1.49 euro in 2021
€5 euro in 1998 €7.47 euro in 2021
€10 euro in 1998 €14.94 euro in 2021
€50 euro in 1998 €74.72 euro in 2021
€100 euro in 1998 €149.43 euro in 2021
€500 euro in 1998 €747.16 euro in 2021
€1,000 euro in 1998 €1,494.33 euro in 2021
€5,000 euro in 1998 €7,471.63 euro in 2021
€10,000 euro in 1998 €14,943.26 euro in 2021
€50,000 euro in 1998 €74,716.28 euro in 2021
€100,000 euro in 1998 €149,432.56 euro in 2021
€500,000 euro in 1998 €747,162.78 euro in 2021
€1,000,000 euro in 1998 €1,494,325.57 euro in 2021
Cumulative inflation From 1998 65.3%
Avg. annual inflation From 1998 2.12%
CPI 1998 67.68
CPI today 111.87

Value of Euro over time (by year)

Period Value
1998 100
1999 102.64
2000 105.87
2001 109.44
2002 113.42
2003 117.42
2004 120.82
2005 125.11
2006 129.1
2007 132.84
2008 138.36
2009 140.03
2010 146.63
2011 151.52
2012 153.79
2013 152.37
2014 150.37
2015 147.76
2016 146.54
2017 148.19
2018 149.11
2019 149.49
2020 147.63
2021 149.43
2022-04 163.98
Today 165.3

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: