Value of 1993 Euro (Greece) today - Inflation Calculator

€100 in 1993

€255.88 in 2024

The inflation rate in Greece between 1993 and today has been 155.88%, which translates into a total increase of €155.88. This means that 100 euro in 1993 are equivalent to 255.88 euro in 2024. In other words, the purchasing power of €100 in 1993 equals €255.88 today. The average annual inflation rate between these periods has been 3.08%.

Inflation timeline in Greece (1993 - 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 1993-2023	144.93%
Cumulative inflation 1993-today	155.88%
Avg. Annual inflation 1993-2023	3.03%
CPI 1993	46.84
CPI 2023	114.73
CPI 2024-10 (latest official data)	119.67
CPI today	119.85

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:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 1993 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₁₉₉₃ ×

CPI₂₀₂₃/CPI₁₉₉₃

=€ 100 ×

114.73/46.84

≈€244.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.85:

Value_today

=Value₁₉₉₃ ×

CPI_today/CPI₁₉₉₃

=€ 100 ×

119.85/46.84

≈€255.88

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 30 years between 1993 and 2023 and the average inflation rate was 3.0311%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=€100 × (1 + 0.030311)³⁰

≈€244.93

Greece inflation - Conversion table

Initial Value		Equivalent value
€1 euro in 1993	→	€2.45 euro in 2023
€5 euro in 1993	→	€12.25 euro in 2023
€10 euro in 1993	→	€24.49 euro in 2023
€50 euro in 1993	→	€122.47 euro in 2023
€100 euro in 1993	→	€244.93 euro in 2023
€500 euro in 1993	→	€1,224.67 euro in 2023
€1,000 euro in 1993	→	€2,449.35 euro in 2023
€5,000 euro in 1993	→	€12,246.73 euro in 2023
€10,000 euro in 1993	→	€24,493.47 euro in 2023
€50,000 euro in 1993	→	€122,467.34 euro in 2023
€100,000 euro in 1993	→	€244,934.68 euro in 2023
€500,000 euro in 1993	→	€1,224,673.4 euro in 2023
€1,000,000 euro in 1993	→	€2,449,346.81 euro in 2023

Cumulative inflation From 1993	155.88%
Avg. annual inflation From 1993	3.08%
CPI 1993	46.84
CPI today	119.85

Value of Euro over time (by year)

Period	Value
1993	100
1994	110.87
1995	120.78
1996	130.68
1997	137.91
1998	144.49
1999	148.29
2000	152.97
2001	158.13
2002	163.87
2003	169.65
2004	174.57
2005	180.76
2006	186.54
2007	191.94
2008	199.91
2009	202.33
2010	211.86
2011	218.92
2012	222.2
2013	220.16
2014	217.27
2015	213.5
2016	211.73
2017	214.11
2018	215.45
2019	215.99
2020	213.3
2021	215.91
2022	236.73
2023	244.93
2024-10	255.5
Today	255.88