Value of 1994 Euro (Portugal) today

€100 in 1994
€191.24 in 2024

The inflation rate in Portugal between 1994 and today has been 91.24%, which translates into a total increase of €91.24. This means that 100 euro in 1994 are equivalent to 191.24 euro in 2024. In other words, the purchasing power of €100 in 1994 equals €191.24 today. The average annual inflation rate between these periods has been 2.18%.

Inflation timeline in Portugal (1994 - 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 1994-2023 90.42%
Cumulative inflation 1994-today 91.24%
Avg. Annual inflation 1994-2023 2.25%
CPI 1994 61.81
CPI 2023 117.7
CPI 2024-02 (latest official data) 118.08
CPI today 118.21

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=€ 100 ×
117.7/61.81
€190.42

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.21:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=€ 100 ×
118.21/61.81
€191.24

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 29 years between 1994 and 2023 and the average inflation rate was 2.2457%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.022457)29
€190.42

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €1.9 euro in 2023
€5 euro in 1994 €9.52 euro in 2023
€10 euro in 1994 €19.04 euro in 2023
€50 euro in 1994 €95.21 euro in 2023
€100 euro in 1994 €190.42 euro in 2023
€500 euro in 1994 €952.09 euro in 2023
€1,000 euro in 1994 €1,904.19 euro in 2023
€5,000 euro in 1994 €9,520.94 euro in 2023
€10,000 euro in 1994 €19,041.88 euro in 2023
€50,000 euro in 1994 €95,209.38 euro in 2023
€100,000 euro in 1994 €190,418.75 euro in 2023
€500,000 euro in 1994 €952,093.75 euro in 2023
€1,000,000 euro in 1994 €1,904,187.51 euro in 2023
Cumulative inflation From 1994 91.24%
Avg. annual inflation From 1994 2.18%
CPI 1994 61.81
CPI today 118.21

Value of Euro over time (by year)

Period Value
1994 100
1995 104.22
1996 107.42
1997 109.93
1998 112.76
1999 115.4
2000 118.69
2001 123.88
2002 128.34
2003 132.47
2004 135.6
2005 138.69
2006 143
2007 146.51
2008 150.3
2009 149.05
2010 151.14
2011 156.66
2012 161
2013 161.44
2014 160.99
2015 161.78
2016 162.76
2017 164.99
2018 166.63
2019 167.19
2020 167.17
2021 169.29
2022 182.55
2023 190.42
2024-02 191.03
Today 191.24

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 | 2022 | 2023 |

Other currencies: