Value of 1997 Euro (Portugal) today

€100 in 1997

€155.18 in 2018

The inflation rate in Portugal between 1997 and today has been 55.18%, which translates into a total increase of €55.18. This means that 100 euro in 1997 are equivalent to 155.18 euro in 2018. In other words, the purchasing power of €100 in 1997 equals €155.18 today. The average annual inflation rate has been 2.02%.

Inflation timeline in Portugal (1997-2018)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1997-2018) 53.1%
Total Inflation* 55.18%
Annual inflation avg. (1997-2018) 2.05%
Annual inflation avg.* 2.02%
CPI 1997 66.94
CPI 2018 102.48
CPI today* 103.87
€1 in 1997 €1.53 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 21 years between 1997 and 2018 and the average inflation rate has been 2.0173%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)21 = €153.1

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1997 was 66.94 and the CPI today is 103.87. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.48/66.94
= €153.1

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1997 €1.55 euro today
€5 euro in 1997 €7.76 euro today
€10 euro in 1997 €15.52 euro today
€50 euro in 1997 €77.59 euro today
€100 euro in 1997 €155.18 euro today
€500 euro in 1997 €775.88 euro today
€1,000 euro in 1997 €1,551.76 euro today
€5,000 euro in 1997 €7,758.78 euro today
€10,000 euro in 1997 €15,517.57 euro today
€50,000 euro in 1997 €77,587.85 euro today
€100,000 euro in 1997 €155,175.69 euro today
€500,000 euro in 1997 €775,878.47 euro today
€1,000,000 euro in 1997 €1,551,756.93 euro today

Value of Euro in time (by year)

Period Value
1997 100
1998 102.46
1999 105.71
2000 107.78
2001 111.94
2002 116.18
2003 120.79
2004 123.66
2005 126.74
2006 130.01
2007 133.27
2008 136.84
2009 137.91
2010 137.84
2011 141.31
2012 146.42
2013 149.23
2014 149.52
2015 148.98
2016 149.58
2017 150.89
2018 153.1
Today 155.18