kr

Value of 1971 Swedish Kronor today

kr100 in 1971
kr932.48 in 2024

The inflation rate in Sweden between 1971 and today has been 832.48%, which translates into a total increase of kr832.48. This means that 100 kronor in 1971 are equivalent to 932.48 kronor in 2024. In other words, the purchasing power of kr100 in 1971 equals kr932.48 today. The average annual inflation rate between these periods has been 4.3%.

Inflation timeline in Sweden (1971 - 2024)

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 1971-2023 807.91%
Cumulative inflation 1971-today 832.48%
Avg. Annual inflation 1971-2023 4.33%
CPI 1971 14.19
CPI 2023 128.84
CPI 2024-08 (latest official data) 132.05
CPI today 132.32

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 1971 and 2023, use the corresponding CPI values:

Value2023
=Value1971 ×
CPI2023/CPI1971
=kr 100 ×
128.84/14.19
kr907.91

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.32:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=kr 100 ×
132.32/14.19
kr932.48

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 52 years between 1971 and 2023 and the average inflation rate was 4.3335%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.043335)52
kr907.91

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1971 kr9.08 kronor in 2023
kr5 kronor in 1971 kr45.4 kronor in 2023
kr10 kronor in 1971 kr90.79 kronor in 2023
kr50 kronor in 1971 kr453.96 kronor in 2023
kr100 kronor in 1971 kr907.91 kronor in 2023
kr500 kronor in 1971 kr4,539.55 kronor in 2023
kr1,000 kronor in 1971 kr9,079.11 kronor in 2023
kr5,000 kronor in 1971 kr45,395.54 kronor in 2023
kr10,000 kronor in 1971 kr90,791.08 kronor in 2023
kr50,000 kronor in 1971 kr453,955.4 kronor in 2023
kr100,000 kronor in 1971 kr907,910.8 kronor in 2023
kr500,000 kronor in 1971 kr4,539,553.98 kronor in 2023
kr1,000,000 kronor in 1971 kr9,079,107.97 kronor in 2023
Cumulative inflation From 1971 832.48%
Avg. annual inflation From 1971 4.3%
CPI 1971 14.19
CPI today 132.32

Value of Krona over time (by year)

Period Value
1971 100
1972 106.01
1973 113.13
1974 124.34
1975 136.5
1976 150.49
1977 167.71
1978 184.48
1979 197.78
1980 224.88
1981 252.1
1982 273.76
1983 298.05
1984 322.02
1985 345.76
1986 360.41
1987 375.51
1988 397.38
1989 422.98
1990 466.83
1991 510.92
1992 523.05
1993 547.79
1994 559.61
1995 573.35
1996 576.4
1997 580.2
1998 578.65
1999 581.32
2000 586.55
2001 600.66
2002 613.63
2003 625.44
2004 627.78
2005 630.63
2006 639.2
2007 653.34
2008 675.8
2009 672.46
2010 680.24
2011 700.39
2012 706.61
2013 706.3
2014 705.03
2015 704.7
2016 711.63
2017 724.4
2018 738.56
2019 751.73
2020 755.47
2021 771.81
2022 836.41
2023 907.91
2024-08 930.57
Today 932.48

All available years

Today's value of swedish kronor 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 |

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