kr

Value of 1982 Norwegian Kroner today

kr100 in 1982
kr334.64 in 2022

The inflation rate in Norway between 1982 and today has been 234.64%, which translates into a total increase of kr234.64. This means that 100 kroner in 1982 are equivalent to 334.64 kroner in 2022. In other words, the purchasing power of kr100 in 1982 equals kr334.64 today. The average annual inflation rate between these periods has been 3.07%.

Inflation timeline in Norway (1982 - 2022)

The following chart depicts the equivalence of kr100 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 (NOK) 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 1982-2021 219.59%
Cumulative inflation 1982-today 234.64%
Avg. Annual inflation 1982-2021 3.02%
CPI 1982 36.33
CPI 2021 116.09
CPI 2022-04 (latest official data) 121.2
CPI today 121.56

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 1982 and 2021, use the corresponding CPI values:

Value2021
=Value1982 ×
CPI2021/CPI1982
=kr 100 ×
116.09/36.33
kr319.59

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.56:

Valuetoday
=Value1982 ×
CPItoday/CPI1982
=kr 100 ×
121.56/36.33
kr334.64

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 kr100 worth today. There are 39 years between 1982 and 2021 and the average inflation rate was 3.024%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.03024)39
kr319.59

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1982 kr3.2 kroner in 2021
kr5 kroner in 1982 kr15.98 kroner in 2021
kr10 kroner in 1982 kr31.96 kroner in 2021
kr50 kroner in 1982 kr159.8 kroner in 2021
kr100 kroner in 1982 kr319.59 kroner in 2021
kr500 kroner in 1982 kr1,597.96 kroner in 2021
kr1,000 kroner in 1982 kr3,195.92 kroner in 2021
kr5,000 kroner in 1982 kr15,979.59 kroner in 2021
kr10,000 kroner in 1982 kr31,959.17 kroner in 2021
kr50,000 kroner in 1982 kr159,795.87 kroner in 2021
kr100,000 kroner in 1982 kr319,591.74 kroner in 2021
kr500,000 kroner in 1982 kr1,597,958.71 kroner in 2021
kr1,000,000 kroner in 1982 kr3,195,917.41 kroner in 2021
Cumulative inflation From 1982 234.64%
Avg. annual inflation From 1982 3.07%
CPI 1982 36.33
CPI today 121.56

Value of Krone over time (by year)

Period Value
1982 100
1983 108.47
1984 115.21
1985 121.79
1986 130.53
1987 141.91
1988 151.39
1989 158.27
1990 164.81
1991 170.47
1992 174.44
1993 178.44
1994 180.89
1995 185.34
1996 187.68
1997 192.5
1998 196.83
1999 201.49
2000 207.71
2001 213.95
2002 216.7
2003 222.09
2004 223.1
2005 226.52
2006 231.8
2007 233.45
2008 242.21
2009 247.53
2010 253.52
2011 256.78
2012 258.57
2013 264.05
2014 269.44
2015 275.29
2016 285.07
2017 290.41
2018 298.44
2019 304.91
2020 308.83
2021 319.59
2022-04 333.65
Today 334.64

All available years

Today's value of norwegian kroner by year:

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 |

Other currencies: