Value of 2002 Euro (Lithuania) today

€100 in 2002
€197.39 in 2022

The inflation rate in Lithuania between 2002 and today has been 97.39%, which translates into a total increase of €97.39. This means that 100 euro in 2002 are equivalent to 197.39 euro in 2022. In other words, the purchasing power of €100 in 2002 equals €197.39 today. The average annual inflation rate between these periods has been 3.46%.

Inflation timeline in Lithuania (2002 - 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 2002-2021 65.82%
Cumulative inflation 2002-today 97.39%
Avg. Annual inflation 2002-2021 2.7%
CPI 2002 70.28
CPI 2021 116.53
CPI 2022-05 (latest official data) 136.6
CPI today 138.72

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 2021, use the corresponding CPI values:

Value2021
=Value2002 ×
CPI2021/CPI2002
=€ 100 ×
116.53/70.28
€165.82

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 138.72:

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=€ 100 ×
138.72/70.28
€197.39

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 19 years between 2002 and 2021 and the average inflation rate was 2.6974%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.026974)19
€165.82

Lithuania inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2002 €1.66 euro in 2021
€5 euro in 2002 €8.29 euro in 2021
€10 euro in 2002 €16.58 euro in 2021
€50 euro in 2002 €82.91 euro in 2021
€100 euro in 2002 €165.82 euro in 2021
€500 euro in 2002 €829.08 euro in 2021
€1,000 euro in 2002 €1,658.16 euro in 2021
€5,000 euro in 2002 €8,290.82 euro in 2021
€10,000 euro in 2002 €16,581.64 euro in 2021
€50,000 euro in 2002 €82,908.2 euro in 2021
€100,000 euro in 2002 €165,816.39 euro in 2021
€500,000 euro in 2002 €829,081.97 euro in 2021
€1,000,000 euro in 2002 €1,658,163.95 euro in 2021
Cumulative inflation From 2002 97.39%
Avg. annual inflation From 2002 3.46%
CPI 2002 70.28
CPI today 138.72

Value of Euro over time (by year)

Period Value
2002 100
2003 98.87
2004 100.02
2005 102.68
2006 106.51
2007 112.63
2008 124.93
2009 130.49
2010 132.22
2011 137.68
2012 141.93
2013 143.42
2014 143.57
2015 142.3
2016 143.59
2017 148.93
2018 152.95
2019 156.52
2020 158.4
2021 165.82
2022-05 194.37
Today 197.39

All available years

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

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: