Value of 1999 Euro (Spain) today

€100 in 1999
€167.59 in 2022

The inflation rate in Spain between 1999 and today has been 67.59%, which translates into a total increase of €67.59. This means that 100 euro in 1999 are equivalent to 167.59 euro in 2022. In other words, the purchasing power of €100 in 1999 equals €167.59 today. The average annual inflation rate between these periods has been 2.27%.

Inflation timeline in Spain (1999 - 2022)

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 1999-2021 55.34%
Cumulative inflation 1999-today 67.59%
Avg. Annual inflation 1999-2021 2.02%
CPI 1999 68.92
CPI 2021 107.05
CPI 2022-04 (latest official data) 114.95
CPI today 115.5

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 1999 and 2021, use the corresponding CPI values:

Value2021
=Value1999 ×
CPI2021/CPI1999
=€ 100 ×
107.05/68.92
€155.34

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.5:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=€ 100 ×
115.5/68.92
€167.59

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 22 years between 1999 and 2021 and the average inflation rate was 2.0221%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.020221)22
€155.34

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1999 €1.55 euro in 2021
€5 euro in 1999 €7.77 euro in 2021
€10 euro in 1999 €15.53 euro in 2021
€50 euro in 1999 €77.67 euro in 2021
€100 euro in 1999 €155.34 euro in 2021
€500 euro in 1999 €776.68 euro in 2021
€1,000 euro in 1999 €1,553.35 euro in 2021
€5,000 euro in 1999 €7,766.76 euro in 2021
€10,000 euro in 1999 €15,533.52 euro in 2021
€50,000 euro in 1999 €77,667.62 euro in 2021
€100,000 euro in 1999 €155,335.25 euro in 2021
€500,000 euro in 1999 €776,676.24 euro in 2021
€1,000,000 euro in 1999 €1,553,352.47 euro in 2021
Cumulative inflation From 1999 67.59%
Avg. annual inflation From 1999 2.27%
CPI 1999 68.92
CPI today 115.5

Value of Euro over time (by year)

Period Value
1999 100
2000 103.43
2001 107.15
2002 110.43
2003 113.79
2004 117.25
2005 121.2
2006 125.46
2007 128.95
2008 134.21
2009 133.82
2010 136.23
2011 140.58
2012 144.02
2013 146.05
2014 145.83
2015 145.1
2016 144.81
2017 147.64
2018 150.11
2019 151.16
2020 150.67
2021 155.34
2022-04 166.79
Today 167.59

All available years

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

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 |

Other currencies: