Value of 1983 Euro (Spain) today

€100 in 1983
€422.52 in 2024

The inflation rate in Spain between 1983 and today has been 322.52%, which translates into a total increase of €322.52. This means that 100 euro in 1983 are equivalent to 422.52 euro in 2024. In other words, the purchasing power of €100 in 1983 equals €422.52 today. The average annual inflation rate between these periods has been 3.58%.

Inflation timeline in Spain (1983 - 2024)

The following chart depicts the equivalence of €100 due to compound 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1983-2023 308.64%
Cumulative inflation 1983-today 322.52%
Avg. Annual inflation 1983-2023 3.58%
CPI 1983 29.4
CPI 2023 120.13
CPI 2024-05 (latest official data) 123.94
CPI today 124.21

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

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1983 and 2023, use the corresponding CPI values:

Value2023
=Value1983 ×
CPI2023/CPI1983
=€ 100 ×
120.13/29.4
€408.64

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.21:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=€ 100 ×
124.21/29.4
€422.52

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 40 years between 1983 and 2023 and the average inflation rate was 3.5818%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.035818)40
€408.64

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €4.09 euro in 2023
€5 euro in 1983 €20.43 euro in 2023
€10 euro in 1983 €40.86 euro in 2023
€50 euro in 1983 €204.32 euro in 2023
€100 euro in 1983 €408.64 euro in 2023
€500 euro in 1983 €2,043.22 euro in 2023
€1,000 euro in 1983 €4,086.44 euro in 2023
€5,000 euro in 1983 €20,432.22 euro in 2023
€10,000 euro in 1983 €40,864.45 euro in 2023
€50,000 euro in 1983 €204,322.23 euro in 2023
€100,000 euro in 1983 €408,644.45 euro in 2023
€500,000 euro in 1983 €2,043,222.27 euro in 2023
€1,000,000 euro in 1983 €4,086,444.54 euro in 2023
Cumulative inflation From 1983 322.52%
Avg. annual inflation From 1983 3.58%
CPI 1983 29.4
CPI today 124.21

Value of Euro over time (by year)

Period Value
1983 100
1984 111.28
1985 121.09
1986 131.74
1987 138.65
1988 145.36
1989 155.23
1990 165.67
1991 175.5
1992 185.89
1993 194.39
1994 203.56
1995 213.07
1996 220.66
1997 225.01
1998 229.13
1999 234.43
2000 242.48
2001 251.18
2002 258.88
2003 266.75
2004 274.86
2005 284.11
2006 294.1
2007 302.3
2008 314.62
2009 313.71
2010 319.36
2011 329.57
2012 337.63
2013 342.38
2014 341.87
2015 340.16
2016 339.47
2017 346.11
2018 351.9
2019 354.37
2020 353.22
2021 364.15
2022 394.7
2023 408.64
2024-05 421.6
Today 422.52

All available years

Today's value of euro (Spain) by year:

1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

Other currencies: