Value of 1983 Euro (Spain) today

€100 in 1983

€376.36 in 2019

The inflation rate in Spain between 1983 and today has been 276.36%, which translates into a total increase of €276.36. This means that 100 euro in 1983 are equivalent to 376.36 euro in 2019. In other words, the purchasing power of €100 in 1983 equals €376.36 today. The average annual inflation rate has been 3.65%.

Inflation timeline in Spain (1983-2019)

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 (1983-2019) 276.18%
Total Inflation* 276.36%
Annual inflation avg. (1983-2019) 3.75%
Annual inflation avg.* 3.65%
CPI 1983 27.7
CPI 2019 104.19
CPI today* 104.24
€1 in 1983 €3.76 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 36 years between 1983 and 2019 and the average inflation rate has been 3.6471%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)36 = €376.18

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 1983 was 27.7 and the CPI today is 104.24. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.19/27.7
= €376.18

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €3.76 euro today
€5 euro in 1983 €18.82 euro today
€10 euro in 1983 €37.64 euro today
€50 euro in 1983 €188.18 euro today
€100 euro in 1983 €376.36 euro today
€500 euro in 1983 €1,881.82 euro today
€1,000 euro in 1983 €3,763.64 euro today
€5,000 euro in 1983 €18,818.2 euro today
€10,000 euro in 1983 €37,636.4 euro today
€50,000 euro in 1983 €188,182 euro today
€100,000 euro in 1983 €376,363.99 euro today
€500,000 euro in 1983 €1,881,819.96 euro today
€1,000,000 euro in 1983 €3,763,639.92 euro today

Value of Euro in time (by year)

Period Value
1983 100
1984 112.22
1985 122.35
1986 132.36
1987 143.28
1988 149.87
1989 158.63
1990 169.55
1991 180.65
1992 190.64
1993 200.83
1994 210.73
1995 219.87
1996 229.36
1997 236.73
1998 241.5
1999 244.89
2000 252.04
2001 262.01
2002 269.1
2003 279.86
2004 287.15
2005 296.42
2006 307.49
2007 315.69
2008 329.01
2009 333.72
2010 336.38
2011 346.43
2012 354.66
2013 364.84
2014 365.75
2015 361.95
2016 362.01
2017 367.69
2018 371.78
2019 376.18
Today 376.36