Value of 2002 Euro today

€100 in 2002
€159.11 in 2024

The inflation rate in the Eurozone between 2002 and today has been 59.11%, which translates into a total increase of €59.11. This means that 100 euro in 2002 are equivalent to 159.11 euro in 2024. In other words, the purchasing power of €100 in 2002 equals €159.11 today. The average annual inflation rate between these periods has been 2.13%.

Inflation timeline in the Eurozone (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 55.18%
Cumulative inflation 2002-today 59.11%
Avg. Annual inflation 2002-2023 2.11%
CPI 2002 79.37
CPI 2023 123.17
CPI 2024-04 (latest official data) 126.05
CPI today 126.28

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 ×
123.17/79.37
€155.18

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.28:

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=€ 100 ×
126.28/79.37
€159.11

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 2.1146%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.021146)21
€155.18

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2002 €1.55 euro in 2023
€5 euro in 2002 €7.76 euro in 2023
€10 euro in 2002 €15.52 euro in 2023
€50 euro in 2002 €77.59 euro in 2023
€100 euro in 2002 €155.18 euro in 2023
€500 euro in 2002 €775.92 euro in 2023
€1,000 euro in 2002 €1,551.85 euro in 2023
€5,000 euro in 2002 €7,759.23 euro in 2023
€10,000 euro in 2002 €15,518.46 euro in 2023
€50,000 euro in 2002 €77,592.29 euro in 2023
€100,000 euro in 2002 €155,184.58 euro in 2023
€500,000 euro in 2002 €775,922.89 euro in 2023
€1,000,000 euro in 2002 €1,551,845.79 euro in 2023
Cumulative inflation From 2002 59.11%
Avg. annual inflation From 2002 2.13%
CPI 2002 79.37
CPI today 126.28

Value of Euro over time (by year)

Period Value
2002 100
2003 102.12
2004 104.35
2005 106.64
2006 109
2007 111.36
2008 115.09
2009 115.48
2010 117.34
2011 120.52
2012 123.55
2013 125.22
2014 125.75
2015 125.99
2016 126.28
2017 128.22
2018 130.46
2019 132.03
2020 132.35
2021 135.78
2022 147.2
2023 155.18
2024-04 158.81
Today 159.11

All available years

Today's value of euro by year:

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: