Value of 2001 Euro (Portugal) today

€100 in 2001

€138.74 in 2018

The inflation rate in Portugal between 2001 and today has been 38.74%, which translates into a total increase of €38.74. This means that 100 euro in 2001 are equivalent to 138.74 euro in 2018. In other words, the purchasing power of €100 in 2001 equals €138.74 today. The average annual inflation rate has been 1.84%.

Inflation timeline in Portugal (2001-2018)

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 (2001-2018) 36.77%
Total Inflation* 38.74%
Annual inflation avg. (2001-2018) 1.86%
Annual inflation avg.* 1.84%
CPI 2001 74.93
CPI 2018 102.48
CPI today* 103.96
€1 in 2001 €1.37 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 17 years between 2001 and 2018 and the average inflation rate has been 1.8359%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)17 = €136.77

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 2001 was 74.93 and the CPI today is 103.96. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.48/74.93
= €136.77

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2001 €1.39 euro today
€5 euro in 2001 €6.94 euro today
€10 euro in 2001 €13.87 euro today
€50 euro in 2001 €69.37 euro today
€100 euro in 2001 €138.74 euro today
€500 euro in 2001 €693.72 euro today
€1,000 euro in 2001 €1,387.44 euro today
€5,000 euro in 2001 €6,937.22 euro today
€10,000 euro in 2001 €13,874.43 euro today
€50,000 euro in 2001 €69,372.15 euro today
€100,000 euro in 2001 €138,744.3 euro today
€500,000 euro in 2001 €693,721.52 euro today
€1,000,000 euro in 2001 €1,387,443.04 euro today

Value of Euro in time (by year)

Period Value
2001 100
2002 103.78
2003 107.91
2004 110.47
2005 113.22
2006 116.14
2007 119.05
2008 122.24
2009 123.2
2010 123.14
2011 126.24
2012 130.79
2013 133.3
2014 133.57
2015 133.09
2016 133.62
2017 134.79
2018 136.77
Today 138.74