Value of 1989 Euro (Portugal) today

€100 in 1989
€307.21 in 2024

The inflation rate in Portugal between 1989 and today has been 207.21%, which translates into a total increase of €207.21. This means that 100 euro in 1989 are equivalent to 307.21 euro in 2024. In other words, the purchasing power of €100 in 1989 equals €307.21 today. The average annual inflation rate between these periods has been 3.26%.

Inflation timeline in Portugal (1989 - 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 1989-2023 198.48%
Cumulative inflation 1989-today 207.21%
Avg. Annual inflation 1989-2023 3.27%
CPI 1989 39.43
CPI 2023 117.7
CPI 2024-04 (latest official data) 120.98
CPI today 121.14

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 1989 and 2023, use the corresponding CPI values:

Value2023
=Value1989 ×
CPI2023/CPI1989
=€ 100 ×
117.7/39.43
€298.48

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.14:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=€ 100 ×
121.14/39.43
€307.21

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 34 years between 1989 and 2023 and the average inflation rate was 3.2686%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.032686)34
€298.48

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1989 €2.98 euro in 2023
€5 euro in 1989 €14.92 euro in 2023
€10 euro in 1989 €29.85 euro in 2023
€50 euro in 1989 €149.24 euro in 2023
€100 euro in 1989 €298.48 euro in 2023
€500 euro in 1989 €1,492.41 euro in 2023
€1,000 euro in 1989 €2,984.82 euro in 2023
€5,000 euro in 1989 €14,924.1 euro in 2023
€10,000 euro in 1989 €29,848.2 euro in 2023
€50,000 euro in 1989 €149,240.98 euro in 2023
€100,000 euro in 1989 €298,481.95 euro in 2023
€500,000 euro in 1989 €1,492,409.76 euro in 2023
€1,000,000 euro in 1989 €2,984,819.52 euro in 2023
Cumulative inflation From 1989 207.21%
Avg. annual inflation From 1989 3.26%
CPI 1989 39.43
CPI today 121.14

Value of Euro over time (by year)

Period Value
1989 100
1990 113.63
1991 127.1
1992 139.24
1993 148.69
1994 156.75
1995 163.37
1996 168.38
1997 172.32
1998 176.75
1999 180.89
2000 186.05
2001 194.18
2002 201.17
2003 207.65
2004 212.56
2005 217.4
2006 224.15
2007 229.65
2008 235.6
2009 233.63
2010 236.91
2011 245.56
2012 252.37
2013 253.06
2014 252.36
2015 253.59
2016 255.13
2017 258.62
2018 261.19
2019 262.08
2020 262.04
2021 265.36
2022 286.15
2023 298.48
2024-04 306.78
Today 307.21

All available years

Today's value of euro (Portugal) 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: