Value of 1980 Euro (Spain) today

€6,000 in 1980

€33,998.97 in 2021

The inflation rate in Spain between 1980 and today has been 466.65%, which translates into a total increase of €27,998.97. This means that 6,000 euro in 1980 are equivalent to 33,998.97 euro in 2021. In other words, the purchasing power of €6,000 in 1980 equals €33,998.97 today. The average annual inflation rate has been 4.22%.

Inflation timeline in Spain (1980-2021)

The following chart depicts the equivalence of €6,000 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1980-2021) 466.72%
Total Inflation* 466.65%
Annual inflation avg. (1980-2021) 4.32%
Annual inflation avg.* 4.22%
CPI 1980 18.43
CPI 2021 104.46
CPI today* 104.44
€1 in 1980 €5.67 in 2021

* 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 with 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 €6,000 worth today. There are 41 years between 1980 and 2021 and the average inflation rate has been 4.2164%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €6000 * (1 + 0.04)41 = €34,003.49

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 1980 was 18.43 and the CPI today is 104.44. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €6,000 *
104.46/18.43
= €34,003.49

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1980 €5.67 euro today
€5 euro in 1980 €28.33 euro today
€10 euro in 1980 €56.66 euro today
€50 euro in 1980 €283.32 euro today
€100 euro in 1980 €566.65 euro today
€500 euro in 1980 €2,833.25 euro today
€1,000 euro in 1980 €5,666.5 euro today
€5,000 euro in 1980 €28,332.48 euro today
€10,000 euro in 1980 €56,664.95 euro today
€50,000 euro in 1980 €283,324.75 euro today
€100,000 euro in 1980 €566,649.51 euro today
€500,000 euro in 1980 €2,833,247.55 euro today
€1,000,000 euro in 1980 €5,666,495.09 euro today

Value of Euro over time (by year)

Period Value
1980 6,000
1981 6,912.79
1982 7,908.66
1983 9,016.48
1984 10,118.45
1985 11,031.77
1986 11,933.93
1987 12,918.64
1988 13,512.76
1989 14,302.44
1990 15,287.67
1991 16,288.68
1992 17,189.07
1993 18,108.24
1994 19,000.12
1995 19,824.17
1996 20,680.45
1997 21,344.53
1998 21,774.63
1999 22,080.72
2000 22,724.97
2001 23,624.12
2002 24,263.76
2003 25,233.62
2004 25,890.83
2005 26,726.4
2006 27,724.72
2007 28,463.8
2008 29,665.17
2009 30,090.1
2010 30,329.2
2011 31,235.59
2012 31,978.24
2013 32,895.36
2014 32,978.21
2015 32,634.8
2016 32,640.34
2017 33,152.66
2018 33,521.38
2019 33,918.04
2020 34,185.4
2021 34,003.49
Today 33,998.97