Value of 1971 Euro (Portugal) today

€100 in 1971
€5,971.93 in 2022

The inflation rate in Portugal between 1971 and today has been 5,871.93%, which translates into a total increase of €5,871.93. This means that 100 euro in 1971 are equivalent to 5,971.93 euro in 2022. In other words, the purchasing power of €100 in 1971 equals €5,971.93 today. The average annual inflation rate between these periods has been 8.35%.

Inflation timeline in Portugal (1971 - 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 1971-2021 5,363.2%
Cumulative inflation 1971-today 5,871.93%
Avg. Annual inflation 1971-2021 8.33%
CPI 1971 1.92
CPI 2021 104.64
CPI 2022-08 (latest official data) 113.61
CPI today 114.39

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 1971 and 2021, use the corresponding CPI values:

Value2021
=Value1971 ×
CPI2021/CPI1971
=€ 100 ×
104.64/1.92
€5,463.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.39:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=€ 100 ×
114.39/1.92
€5,971.93

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 50 years between 1971 and 2021 and the average inflation rate was 8.33%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.0833)50
€5,463.2

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1971 €54.63 euro in 2021
€5 euro in 1971 €273.16 euro in 2021
€10 euro in 1971 €546.32 euro in 2021
€50 euro in 1971 €2,731.6 euro in 2021
€100 euro in 1971 €5,463.2 euro in 2021
€500 euro in 1971 €27,316 euro in 2021
€1,000 euro in 1971 €54,632 euro in 2021
€5,000 euro in 1971 €273,160.01 euro in 2021
€10,000 euro in 1971 €546,320.03 euro in 2021
€50,000 euro in 1971 €2,731,600.14 euro in 2021
€100,000 euro in 1971 €5,463,200.27 euro in 2021
€500,000 euro in 1971 €27,316,001.36 euro in 2021
€1,000,000 euro in 1971 €54,632,002.72 euro in 2021
Cumulative inflation From 1971 5,871.93%
Avg. annual inflation From 1971 8.35%
CPI 1971 1.92
CPI today 114.39

Value of Euro over time (by year)

Period Value
1971 100
1972 110.66
1973 125.02
1974 156.38
1975 180.26
1976 218.37
1977 286.11
1978 346.3
1979 422.14
1980 489.12
1981 582.25
1982 708.47
1983 878.53
1984 1,127.89
1985 1,347.4
1986 1,513.55
1987 1,659.38
1988 1,827
1989 2,058.78
1990 2,339.41
1991 2,616.61
1992 2,866.74
1993 3,061.22
1994 3,227.15
1995 3,363.42
1996 3,466.65
1997 3,547.66
1998 3,638.93
1999 3,724.09
2000 3,830.34
2001 3,997.72
2002 4,141.65
2003 4,274.97
2004 4,376.09
2005 4,475.74
2006 4,614.83
2007 4,728.07
2008 4,850.46
2009 4,809.93
2010 4,877.4
2011 5,055.57
2012 5,195.78
2013 5,210.03
2014 5,195.54
2015 5,220.89
2016 5,252.61
2017 5,324.49
2018 5,377.41
2019 5,395.59
2020 5,394.92
2021 5,463.2
2022-08 5,931.24
Today 5,971.93

All available years

Today's value of euro (Portugal) 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: