kr

Value of 1973 Swedish Kronor today

kr100 in 1973
kr756.73 in 2022

The inflation rate in Sweden between 1973 and today has been 656.73%, which translates into a total increase of kr656.73. This means that 100 kronor in 1973 are equivalent to 756.73 kronor in 2022. In other words, the purchasing power of kr100 in 1973 equals kr756.73 today. The average annual inflation rate between these periods has been 4.22%.

Inflation timeline in Sweden (1973 - 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 1973-2021 582.24%
Cumulative inflation 1973-today 656.73%
Avg. Annual inflation 1973-2021 4.08%
CPI 1973 16.05
CPI 2021 109.52
CPI 2022-08 (latest official data) 120.57
CPI today 121.48

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 1973 and 2021, use the corresponding CPI values:

Value2021
=Value1973 ×
CPI2021/CPI1973
=kr 100 ×
109.52/16.05
kr682.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.48:

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=kr 100 ×
121.48/16.05
kr756.73

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 48 years between 1973 and 2021 and the average inflation rate was 4.0815%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.040815)48
kr682.24

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1973 kr6.82 kronor in 2021
kr5 kronor in 1973 kr34.11 kronor in 2021
kr10 kronor in 1973 kr68.22 kronor in 2021
kr50 kronor in 1973 kr341.12 kronor in 2021
kr100 kronor in 1973 kr682.24 kronor in 2021
kr500 kronor in 1973 kr3,411.21 kronor in 2021
kr1,000 kronor in 1973 kr6,822.43 kronor in 2021
kr5,000 kronor in 1973 kr34,112.13 kronor in 2021
kr10,000 kronor in 1973 kr68,224.27 kronor in 2021
kr50,000 kronor in 1973 kr341,121.34 kronor in 2021
kr100,000 kronor in 1973 kr682,242.67 kronor in 2021
kr500,000 kronor in 1973 kr3,411,213.35 kronor in 2021
kr1,000,000 kronor in 1973 kr6,822,426.7 kronor in 2021
Cumulative inflation From 1973 656.73%
Avg. annual inflation From 1973 4.22%
CPI 1973 16.05
CPI today 121.48

Value of Krona over time (by year)

Period Value
1973 100
1974 109.91
1975 120.66
1976 133.03
1977 148.25
1978 163.07
1979 174.82
1980 198.79
1981 222.85
1982 241.99
1983 263.46
1984 284.65
1985 305.64
1986 318.58
1987 331.93
1988 351.26
1989 373.9
1990 412.66
1991 451.63
1992 462.35
1993 484.21
1994 494.66
1995 506.81
1996 509.51
1997 512.86
1998 511.49
1999 513.86
2000 518.48
2001 530.95
2002 542.41
2003 552.86
2004 554.92
2005 557.44
2006 565.02
2007 577.52
2008 597.37
2009 594.42
2010 601.3
2011 619.11
2012 624.61
2013 624.33
2014 623.21
2015 622.92
2016 629.05
2017 640.33
2018 652.84
2019 664.49
2020 667.8
2021 682.24
2022-08 751.07
Today 756.73

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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