Value of 2001 Euro (Greece) today

€100 in 2001
€161.2 in 2024

The inflation rate in Greece between 2001 and today has been 61.2%, which translates into a total increase of €61.2. This means that 100 euro in 2001 are equivalent to 161.2 euro in 2024. In other words, the purchasing power of €100 in 2001 equals €161.2 today. The average annual inflation rate between these periods has been 2.1%.

Inflation timeline in Greece (2001 - 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 2001-2023 54.9%
Cumulative inflation 2001-today 61.2%
Avg. Annual inflation 2001-2023 2.01%
CPI 2001 74.07
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 2001 and 2023, use the corresponding CPI values:

Value2023
=Value2001 ×
CPI2023/CPI2001
=€ 100 ×
114.73/74.07
€154.9

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

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=€ 100 ×
119.4/74.07
€161.2

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 22 years between 2001 and 2023 and the average inflation rate was 2.0089%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.020089)22
€154.9

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2001 €1.55 euro in 2023
€5 euro in 2001 €7.74 euro in 2023
€10 euro in 2001 €15.49 euro in 2023
€50 euro in 2001 €77.45 euro in 2023
€100 euro in 2001 €154.9 euro in 2023
€500 euro in 2001 €774.48 euro in 2023
€1,000 euro in 2001 €1,548.96 euro in 2023
€5,000 euro in 2001 €7,744.79 euro in 2023
€10,000 euro in 2001 €15,489.58 euro in 2023
€50,000 euro in 2001 €77,447.9 euro in 2023
€100,000 euro in 2001 €154,895.8 euro in 2023
€500,000 euro in 2001 €774,479 euro in 2023
€1,000,000 euro in 2001 €1,548,957.99 euro in 2023
Cumulative inflation From 2001 61.2%
Avg. annual inflation From 2001 2.1%
CPI 2001 74.07
CPI today 119.4

Value of Euro over time (by year)

Period Value
2001 100
2002 103.63
2003 107.29
2004 110.4
2005 114.31
2006 117.97
2007 121.38
2008 126.42
2009 127.95
2010 133.98
2011 138.44
2012 140.52
2013 139.23
2014 137.4
2015 135.01
2016 133.9
2017 135.4
2018 136.25
2019 136.59
2020 134.89
2021 136.54
2022 149.71
2023 154.9
2024-11 160.96
Today 161.2

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: