Value of 1994 Euro (Greece) today

€100 in 1994
€229.91 in 2024

The inflation rate in Greece between 1994 and today has been 129.91%, which translates into a total increase of €129.91. This means that 100 euro in 1994 are equivalent to 229.91 euro in 2024. In other words, the purchasing power of €100 in 1994 equals €229.91 today. The average annual inflation rate between these periods has been 2.81%.

Inflation timeline in Greece (1994 - 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 1994-2023 120.91%
Cumulative inflation 1994-today 129.91%
Avg. Annual inflation 1994-2023 2.77%
CPI 1994 51.93
CPI 2023 114.73
CPI 2024-11 (latest official data) 119.22
CPI today 119.4

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=€ 100 ×
114.73/51.93
€220.91

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.4:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=€ 100 ×
119.4/51.93
€229.91

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 29 years between 1994 and 2023 and the average inflation rate was 2.7708%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.027708)29
€220.91

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €2.21 euro in 2023
€5 euro in 1994 €11.05 euro in 2023
€10 euro in 1994 €22.09 euro in 2023
€50 euro in 1994 €110.46 euro in 2023
€100 euro in 1994 €220.91 euro in 2023
€500 euro in 1994 €1,104.56 euro in 2023
€1,000 euro in 1994 €2,209.12 euro in 2023
€5,000 euro in 1994 €11,045.62 euro in 2023
€10,000 euro in 1994 €22,091.25 euro in 2023
€50,000 euro in 1994 €110,456.24 euro in 2023
€100,000 euro in 1994 €220,912.49 euro in 2023
€500,000 euro in 1994 €1,104,562.43 euro in 2023
€1,000,000 euro in 1994 €2,209,124.86 euro in 2023
Cumulative inflation From 1994 129.91%
Avg. annual inflation From 1994 2.81%
CPI 1994 51.93
CPI today 119.4

Value of Euro over time (by year)

Period Value
1994 100
1995 108.93
1996 117.86
1997 124.39
1998 130.31
1999 133.75
2000 137.97
2001 142.62
2002 147.8
2003 153.01
2004 157.45
2005 163.03
2006 168.24
2007 173.11
2008 180.3
2009 182.48
2010 191.08
2011 197.45
2012 200.41
2013 198.57
2014 195.96
2015 192.56
2016 190.97
2017 193.11
2018 194.32
2019 194.81
2020 192.38
2021 194.73
2022 213.51
2023 220.91
2024-11 229.56
Today 229.91

All available years

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

1955 | 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: