Value of 2007 Euro (Greece) today

€100 in 2007
€124.43 in 2022

The inflation rate in Greece between 2007 and today has been 24.43%, which translates into a total increase of €24.43. This means that 100 euro in 2007 are equivalent to 124.43 euro in 2022. In other words, the purchasing power of €100 in 2007 equals €124.43 today. The average annual inflation rate between these periods has been 1.47%.

Inflation timeline in Greece (2007 - 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 2007-2021 12.49%
Cumulative inflation 2007-today 24.43%
Avg. Annual inflation 2007-2021 0.84%
CPI 2007 89.9
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 2007 and 2021, use the corresponding CPI values:

Value2021
=Value2007 ×
CPI2021/CPI2007
=€ 100 ×
101.13/89.9
€112.49

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

Valuetoday
=Value2007 ×
CPItoday/CPI2007
=€ 100 ×
111.87/89.9
€124.43

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 14 years between 2007 and 2021 and the average inflation rate was 0.8441%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.008441)14
€112.49

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2007 €1.12 euro in 2021
€5 euro in 2007 €5.62 euro in 2021
€10 euro in 2007 €11.25 euro in 2021
€50 euro in 2007 €56.24 euro in 2021
€100 euro in 2007 €112.49 euro in 2021
€500 euro in 2007 €562.44 euro in 2021
€1,000 euro in 2007 €1,124.89 euro in 2021
€5,000 euro in 2007 €5,624.43 euro in 2021
€10,000 euro in 2007 €11,248.87 euro in 2021
€50,000 euro in 2007 €56,244.33 euro in 2021
€100,000 euro in 2007 €112,488.67 euro in 2021
€500,000 euro in 2007 €562,443.33 euro in 2021
€1,000,000 euro in 2007 €1,124,886.65 euro in 2021
Cumulative inflation From 2007 24.43%
Avg. annual inflation From 2007 1.47%
CPI 2007 89.9
CPI today 111.87

Value of Euro over time (by year)

Period Value
2007 100
2008 104.15
2009 105.41
2010 110.38
2011 114.06
2012 115.77
2013 114.7
2014 113.2
2015 111.23
2016 110.31
2017 111.55
2018 112.25
2019 112.53
2020 111.13
2021 112.49
2022-04 123.44
Today 124.43

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: