kr

Value of 1970 Swedish Kronor today

kr100 in 1970
kr918.9 in 2022

The inflation rate in Sweden between 1970 and today has been 818.9%, which translates into a total increase of kr818.9. This means that 100 kronor in 1970 are equivalent to 918.9 kronor in 2022. In other words, the purchasing power of kr100 in 1970 equals kr918.9 today. The average annual inflation rate between these periods has been 4.36%.

Inflation timeline in Sweden (1970 - 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 (SEK) 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 1970-2021 728.89%
Cumulative inflation 1970-today 818.9%
Avg. Annual inflation 1970-2021 4.23%
CPI 1970 13.21
CPI 2021 109.52
CPI 2022-08 (latest official data) 120.57
CPI today 121.42

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 1970 and 2021, use the corresponding CPI values:

Value2021
=Value1970 ×
CPI2021/CPI1970
=kr 100 ×
109.52/13.21
kr828.89

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.42:

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=kr 100 ×
121.42/13.21
kr918.9

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 51 years between 1970 and 2021 and the average inflation rate was 4.2341%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.042341)51
kr828.89

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1970 kr8.29 kronor in 2021
kr5 kronor in 1970 kr41.44 kronor in 2021
kr10 kronor in 1970 kr82.89 kronor in 2021
kr50 kronor in 1970 kr414.45 kronor in 2021
kr100 kronor in 1970 kr828.89 kronor in 2021
kr500 kronor in 1970 kr4,144.47 kronor in 2021
kr1,000 kronor in 1970 kr8,288.93 kronor in 2021
kr5,000 kronor in 1970 kr41,444.67 kronor in 2021
kr10,000 kronor in 1970 kr82,889.35 kronor in 2021
kr50,000 kronor in 1970 kr414,446.74 kronor in 2021
kr100,000 kronor in 1970 kr828,893.49 kronor in 2021
kr500,000 kronor in 1970 kr4,144,467.43 kronor in 2021
kr1,000,000 kronor in 1970 kr8,288,934.85 kronor in 2021
Cumulative inflation From 1970 818.9%
Avg. annual inflation From 1970 4.36%
CPI 1970 13.21
CPI today 121.42

Value of Krona over time (by year)

Period Value
1970 100
1971 107.4
1972 113.85
1973 121.5
1974 133.54
1975 146.6
1976 161.62
1977 180.12
1978 198.12
1979 212.4
1980 241.51
1981 270.75
1982 294
1983 320.09
1984 345.84
1985 371.34
1986 387.06
1987 403.28
1988 426.77
1989 454.27
1990 501.36
1991 548.71
1992 561.74
1993 588.3
1994 600.99
1995 615.75
1996 619.03
1997 623.11
1998 621.44
1999 624.31
2000 629.93
2001 645.08
2002 659.01
2003 671.7
2004 674.21
2005 677.26
2006 686.48
2007 701.66
2008 725.78
2009 722.19
2010 730.55
2011 752.18
2012 758.87
2013 758.53
2014 757.17
2015 756.81
2016 764.26
2017 777.98
2018 793.18
2019 807.33
2020 811.34
2021 828.89
2022-08 912.51
Today 918.9

All available years

Today's value of swedish kronor 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 |

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