Value of 1997 Euro today

€100 in 1997
€171.85 in 2024

The inflation rate in the Eurozone between 1997 and today has been 71.85%, which translates into a total increase of €71.85. This means that 100 euro in 1997 are equivalent to 171.85 euro in 2024. In other words, the purchasing power of €100 in 1997 equals €171.85 today. The average annual inflation rate between these periods has been 2.03%.

Inflation timeline in the Eurozone (1997 - 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 1997-2023 70.12%
Cumulative inflation 1997-today 71.85%
Avg. Annual inflation 1997-2023 2.06%
CPI 1997 72.4
CPI 2023 123.17
CPI 2023-12 (latest official data) 124.06
CPI today 124.42

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 1997 and 2023, use the corresponding CPI values:

Value2023
=Value1997 ×
CPI2023/CPI1997
=€ 100 ×
123.17/72.4
€170.12

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.42:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=€ 100 ×
124.42/72.4
€171.85

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 26 years between 1997 and 2023 and the average inflation rate was 2.0646%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.020646)26
€170.12

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1997 €1.7 euro in 2023
€5 euro in 1997 €8.51 euro in 2023
€10 euro in 1997 €17.01 euro in 2023
€50 euro in 1997 €85.06 euro in 2023
€100 euro in 1997 €170.12 euro in 2023
€500 euro in 1997 €850.61 euro in 2023
€1,000 euro in 1997 €1,701.21 euro in 2023
€5,000 euro in 1997 €8,506.07 euro in 2023
€10,000 euro in 1997 €17,012.13 euro in 2023
€50,000 euro in 1997 €85,060.65 euro in 2023
€100,000 euro in 1997 €170,121.3 euro in 2023
€500,000 euro in 1997 €850,606.51 euro in 2023
€1,000,000 euro in 1997 €1,701,213.02 euro in 2023
Cumulative inflation From 1997 71.85%
Avg. annual inflation From 1997 2.03%
CPI 1997 72.4
CPI today 124.42

Value of Euro over time (by year)

Period Value
1997 100
1998 101.22
1999 102.41
2000 104.65
2001 107.19
2002 109.63
2003 111.95
2004 114.39
2005 116.9
2006 119.49
2007 122.08
2008 126.17
2009 126.6
2010 128.63
2011 132.12
2012 135.44
2013 137.28
2014 137.86
2015 138.12
2016 138.44
2017 140.56
2018 143.02
2019 144.74
2020 145.09
2021 148.85
2022 161.36
2023 170.12
2023-12 171.35
Today 171.85

All available years

Today's value of euro by year:

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: