Value of 2002 Euro (Spain) today

€100 in 2002
€159.94 in 2024

The inflation rate in Spain between 2002 and today has been 59.94%, which translates into a total increase of €59.94. This means that 100 euro in 2002 are equivalent to 159.94 euro in 2024. In other words, the purchasing power of €100 in 2002 equals €159.94 today. The average annual inflation rate between these periods has been 2.16%.

Inflation timeline in Spain (2002 - 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 2002-2023 57.85%
Cumulative inflation 2002-today 59.94%
Avg. Annual inflation 2002-2023 2.2%
CPI 2002 76.11
CPI 2023 120.13
CPI 2023-12 (latest official data) 121.3
CPI today 121.72

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 2002 and 2023, use the corresponding CPI values:

Value2023
=Value2002 ×
CPI2023/CPI2002
=€ 100 ×
120.13/76.11
€157.85

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.72:

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=€ 100 ×
121.72/76.11
€159.94

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 21 years between 2002 and 2023 and the average inflation rate was 2.1975%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.021975)21
€157.85

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2002 €1.58 euro in 2023
€5 euro in 2002 €7.89 euro in 2023
€10 euro in 2002 €15.79 euro in 2023
€50 euro in 2002 €78.93 euro in 2023
€100 euro in 2002 €157.85 euro in 2023
€500 euro in 2002 €789.25 euro in 2023
€1,000 euro in 2002 €1,578.5 euro in 2023
€5,000 euro in 2002 €7,892.51 euro in 2023
€10,000 euro in 2002 €15,785.03 euro in 2023
€50,000 euro in 2002 €78,925.14 euro in 2023
€100,000 euro in 2002 €157,850.28 euro in 2023
€500,000 euro in 2002 €789,251.39 euro in 2023
€1,000,000 euro in 2002 €1,578,502.77 euro in 2023
Cumulative inflation From 2002 59.94%
Avg. annual inflation From 2002 2.16%
CPI 2002 76.11
CPI today 121.72

Value of Euro over time (by year)

Period Value
2002 100
2003 103.04
2004 106.17
2005 109.75
2006 113.61
2007 116.77
2008 121.53
2009 121.18
2010 123.36
2011 127.3
2012 130.42
2013 132.26
2014 132.06
2015 131.39
2016 131.13
2017 133.69
2018 135.93
2019 136.88
2020 136.44
2021 140.66
2022 152.46
2023 157.85
2023-12 159.38
Today 159.94

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 | 2022 | 2023 |

Other currencies: