Value of 1983 Euro (Portugal) today

€100 in 1983
€668.57 in 2022

The inflation rate in Portugal between 1983 and today has been 568.57%, which translates into a total increase of €568.57. This means that 100 euro in 1983 are equivalent to 668.57 euro in 2022. In other words, the purchasing power of €100 in 1983 equals €668.57 today. The average annual inflation rate between these periods has been 4.99%.

Inflation timeline in Portugal (1983 - 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 1983-2021 521.86%
Cumulative inflation 1983-today 568.57%
Avg. Annual inflation 1983-2021 4.93%
CPI 1983 16.83
CPI 2021 104.64
CPI 2022-04 (latest official data) 111.97
CPI today 112.5

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 1983 and 2021, use the corresponding CPI values:

Value2021
=Value1983 ×
CPI2021/CPI1983
=€ 100 ×
104.64/16.83
€621.86

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.5:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=€ 100 ×
112.5/16.83
€668.57

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 38 years between 1983 and 2021 and the average inflation rate was 4.9268%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.049268)38
€621.86

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €6.22 euro in 2021
€5 euro in 1983 €31.09 euro in 2021
€10 euro in 1983 €62.19 euro in 2021
€50 euro in 1983 €310.93 euro in 2021
€100 euro in 1983 €621.86 euro in 2021
€500 euro in 1983 €3,109.29 euro in 2021
€1,000 euro in 1983 €6,218.59 euro in 2021
€5,000 euro in 1983 €31,092.94 euro in 2021
€10,000 euro in 1983 €62,185.87 euro in 2021
€50,000 euro in 1983 €310,929.36 euro in 2021
€100,000 euro in 1983 €621,858.72 euro in 2021
€500,000 euro in 1983 €3,109,293.61 euro in 2021
€1,000,000 euro in 1983 €6,218,587.22 euro in 2021
Cumulative inflation From 1983 568.57%
Avg. annual inflation From 1983 4.99%
CPI 1983 16.83
CPI today 112.5

Value of Euro over time (by year)

Period Value
1983 100
1984 128.38
1985 153.37
1986 172.28
1987 188.88
1988 207.96
1989 234.34
1990 266.29
1991 297.84
1992 326.31
1993 348.45
1994 367.34
1995 382.85
1996 394.6
1997 403.82
1998 414.21
1999 423.9
2000 435.99
2001 455.05
2002 471.43
2003 486.61
2004 498.12
2005 509.46
2006 525.29
2007 538.18
2008 552.11
2009 547.5
2010 555.18
2011 575.46
2012 591.42
2013 593.04
2014 591.39
2015 594.28
2016 597.89
2017 606.07
2018 612.09
2019 614.16
2020 614.09
2021 621.86
2022-04 665.42
Today 668.57

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: