Value of 1990 Euro (Portugal) today

€100 in 1990

€271.86 in 2024

The inflation rate in Portugal between 1990 and today has been 171.86%, which translates into a total increase of €171.86. This means that 100 euro in 1990 are equivalent to 271.86 euro in 2024. In other words, the purchasing power of €100 in 1990 equals €271.86 today. The average annual inflation rate between these periods has been 2.99%.

Inflation timeline in Portugal (1990 - 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 1990-2023	162.68%
Cumulative inflation 1990-today	171.86%
Avg. Annual inflation 1990-2023	2.97%
CPI 1990	44.81
CPI 2023	117.7
CPI 2024-10 (latest official data)	121.65
CPI today	121.82

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 1990 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₁₉₉₀ ×

CPI₂₀₂₃/CPI₁₉₉₀

=€ 100 ×

117.7/44.81

≈€262.68

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.82:

Value_today

=Value₁₉₉₀ ×

CPI_today/CPI₁₉₉₀

=€ 100 ×

121.82/44.81

≈€271.86

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 33 years between 1990 and 2023 and the average inflation rate was 2.9698%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=€100 × (1 + 0.029698)³³

≈€262.68

Portugal inflation - Conversion table

Initial Value		Equivalent value
€1 euro in 1990	→	€2.63 euro in 2023
€5 euro in 1990	→	€13.13 euro in 2023
€10 euro in 1990	→	€26.27 euro in 2023
€50 euro in 1990	→	€131.34 euro in 2023
€100 euro in 1990	→	€262.68 euro in 2023
€500 euro in 1990	→	€1,313.39 euro in 2023
€1,000 euro in 1990	→	€2,626.77 euro in 2023
€5,000 euro in 1990	→	€13,133.87 euro in 2023
€10,000 euro in 1990	→	€26,267.75 euro in 2023
€50,000 euro in 1990	→	€131,338.74 euro in 2023
€100,000 euro in 1990	→	€262,677.49 euro in 2023
€500,000 euro in 1990	→	€1,313,387.44 euro in 2023
€1,000,000 euro in 1990	→	€2,626,774.88 euro in 2023

Cumulative inflation From 1990	171.86%
Avg. annual inflation From 1990	2.99%
CPI 1990	44.81
CPI today	121.82

Value of Euro over time (by year)

Period	Value
1990	100
1991	111.85
1992	122.54
1993	130.85
1994	137.95
1995	143.77
1996	148.18
1997	151.65
1998	155.55
1999	159.19
2000	163.73
2001	170.89
2002	177.04
2003	182.74
2004	187.06
2005	191.32
2006	197.26
2007	202.11
2008	207.34
2009	205.6
2010	208.49
2011	216.1
2012	222.1
2013	222.71
2014	222.09
2015	223.17
2016	224.53
2017	227.6
2018	229.86
2019	230.64
2020	230.61
2021	233.53
2022	251.82
2023	262.68
2024-10	271.49
Today	271.86