Value of 1981 Euro (Spain) today

€100 in 1981

€490.99 in 2019

The inflation rate in Spain between 1981 and today has been 390.99%, which translates into a total increase of €390.99. This means that 100 euro in 1981 are equivalent to 490.99 euro in 2019. In other words, the purchasing power of €100 in 1981 equals €490.99 today. The average annual inflation rate has been 4.16%.

Inflation timeline in Spain (1981-2019)

The following chart depicts the equivalence of €100 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 (1981-2019) 390.66%
Total Inflation* 390.99%
Annual inflation avg. (1981-2019) 4.27%
Annual inflation avg.* 4.16%
CPI 1981 21.24
CPI 2019 104.19
CPI today* 104.27
€1 in 1981 €4.91 in 2019

* 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 38 years between 1981 and 2019 and the average inflation rate has been 4.1645%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)38 = €490.66

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 1981 was 21.24 and the CPI today is 104.27. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.19/21.24
= €490.66

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1981 €4.91 euro today
€5 euro in 1981 €24.55 euro today
€10 euro in 1981 €49.1 euro today
€50 euro in 1981 €245.5 euro today
€100 euro in 1981 €490.99 euro today
€500 euro in 1981 €2,454.97 euro today
€1,000 euro in 1981 €4,909.95 euro today
€5,000 euro in 1981 €24,549.75 euro today
€10,000 euro in 1981 €49,099.49 euro today
€50,000 euro in 1981 €245,497.45 euro today
€100,000 euro in 1981 €490,994.9 euro today
€500,000 euro in 1981 €2,454,974.5 euro today
€1,000,000 euro in 1981 €4,909,949 euro today

Value of Euro in time (by year)

Period Value
1981 100
1982 114.41
1983 130.43
1984 146.37
1985 159.58
1986 172.64
1987 186.88
1988 195.47
1989 206.9
1990 221.15
1991 235.63
1992 248.66
1993 261.95
1994 274.85
1995 286.78
1996 299.16
1997 308.77
1998 314.99
1999 319.42
2000 328.74
2001 341.75
2002 351
2003 365.03
2004 374.54
2005 386.62
2006 401.06
2007 411.76
2008 429.13
2009 435.28
2010 438.74
2011 451.85
2012 462.6
2013 475.86
2014 477.06
2015 472.09
2016 472.17
2017 479.58
2018 484.92
2019 490.66
Today 490.99