Value of 2002 Euro (Greece) today

€100 in 2002
€153.31 in 2024

The inflation rate in Greece between 2002 and today has been 53.31%, which translates into a total increase of €53.31. This means that 100 euro in 2002 are equivalent to 153.31 euro in 2024. In other words, the purchasing power of €100 in 2002 equals €153.31 today. The average annual inflation rate between these periods has been 1.96%.

Inflation timeline in Greece (2002 - 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 2002-2023 49.47%
Cumulative inflation 2002-today 53.31%
Avg. Annual inflation 2002-2023 1.93%
CPI 2002 76.75
CPI 2023 114.73
CPI 2024-05 (latest official data) 117.55
CPI today 117.67

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 2002 and 2023, use the corresponding CPI values:

Value2023
=Value2002 ×
CPI2023/CPI2002
=€ 100 ×
114.73/76.75
€149.47

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.67:

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=€ 100 ×
117.67/76.75
€153.31

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 21 years between 2002 and 2023 and the average inflation rate was 1.9324%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.019324)21
€149.47

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2002 €1.49 euro in 2023
€5 euro in 2002 €7.47 euro in 2023
€10 euro in 2002 €14.95 euro in 2023
€50 euro in 2002 €74.74 euro in 2023
€100 euro in 2002 €149.47 euro in 2023
€500 euro in 2002 €747.35 euro in 2023
€1,000 euro in 2002 €1,494.71 euro in 2023
€5,000 euro in 2002 €7,473.55 euro in 2023
€10,000 euro in 2002 €14,947.1 euro in 2023
€50,000 euro in 2002 €74,735.48 euro in 2023
€100,000 euro in 2002 €149,470.97 euro in 2023
€500,000 euro in 2002 €747,354.83 euro in 2023
€1,000,000 euro in 2002 €1,494,709.67 euro in 2023
Cumulative inflation From 2002 53.31%
Avg. annual inflation From 2002 1.96%
CPI 2002 76.75
CPI today 117.67

Value of Euro over time (by year)

Period Value
2002 100
2003 103.53
2004 106.53
2005 110.31
2006 113.83
2007 117.13
2008 121.99
2009 123.47
2010 129.29
2011 133.59
2012 135.6
2013 134.35
2014 132.59
2015 130.29
2016 129.21
2017 130.66
2018 131.48
2019 131.81
2020 130.16
2021 131.76
2022 144.47
2023 149.47
2024-05 153.15
Today 153.31

All available years

Today's value of euro (Greece) by year:

1955 | 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: