kr

Value of 1990 Norwegian Kroner today

kr100 in 1990
kr201.28 in 2022

The inflation rate in Norway between 1990 and today has been 101.28%, which translates into a total increase of kr101.28. This means that 100 kroner in 1990 are equivalent to 201.28 kroner in 2022. In other words, the purchasing power of kr100 in 1990 equals kr201.28 today. The average annual inflation rate between these periods has been 2.21%.

Inflation timeline in Norway (1990 - 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 1990-2021 93.92%
Cumulative inflation 1990-today 101.28%
Avg. Annual inflation 1990-2021 2.16%
CPI 1990 59.87
CPI 2021 116.09
CPI 2022-03 (latest official data) 119.8
CPI today 120.5

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 1990 and 2021, use the corresponding CPI values:

Value2021
=Value1990 ×
CPI2021/CPI1990
=kr 100 ×
116.09/59.87
kr193.92

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.5:

Valuetoday
=Value1990 ×
CPItoday/CPI1990
=kr 100 ×
120.5/59.87
kr201.28

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 31 years between 1990 and 2021 and the average inflation rate was 2.1593%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.021593)31
kr193.92

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1990 kr1.94 kroner in 2021
kr5 kroner in 1990 kr9.7 kroner in 2021
kr10 kroner in 1990 kr19.39 kroner in 2021
kr50 kroner in 1990 kr96.96 kroner in 2021
kr100 kroner in 1990 kr193.92 kroner in 2021
kr500 kroner in 1990 kr969.59 kroner in 2021
kr1,000 kroner in 1990 kr1,939.17 kroner in 2021
kr5,000 kroner in 1990 kr9,695.86 kroner in 2021
kr10,000 kroner in 1990 kr19,391.71 kroner in 2021
kr50,000 kroner in 1990 kr96,958.56 kroner in 2021
kr100,000 kroner in 1990 kr193,917.12 kroner in 2021
kr500,000 kroner in 1990 kr969,585.58 kroner in 2021
kr1,000,000 kroner in 1990 kr1,939,171.15 kroner in 2021
Cumulative inflation From 1990 101.28%
Avg. annual inflation From 1990 2.21%
CPI 1990 59.87
CPI today 120.5

Value of Krone over time (by year)

Period Value
1990 100
1991 103.44
1992 105.85
1993 108.27
1994 109.76
1995 112.46
1996 113.88
1997 116.8
1998 119.43
1999 122.26
2000 126.03
2001 129.82
2002 131.49
2003 134.76
2004 135.37
2005 137.44
2006 140.65
2007 141.65
2008 146.97
2009 150.19
2010 153.83
2011 155.8
2012 156.89
2013 160.22
2014 163.49
2015 167.04
2016 172.97
2017 176.21
2018 181.08
2019 185.01
2020 187.39
2021 193.92
2022-03 200.11
Today 201.28

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: