kr

Value of 1974 Swedish Kronor today

kr100 in 1974
kr723.67 in 2023

The inflation rate in Sweden between 1974 and today has been 623.67%, which translates into a total increase of kr623.67. This means that 100 kronor in 1974 are equivalent to 723.67 kronor in 2023. In other words, the purchasing power of kr100 in 1974 equals kr723.67 today. The average annual inflation rate between these periods has been 4.12%.

Inflation timeline in Sweden (1974 - 2023)

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 1974-2022 572.67%
Cumulative inflation 1974-today 623.67%
Avg. Annual inflation 1974-2022 4.05%
CPI 1974 17.64
CPI 2022 118.69
CPI 2022-12 (latest official data) 126.37
CPI today 127.69

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 1974 and 2022, use the corresponding CPI values:

Value2022
=Value1974 ×
CPI2022/CPI1974
=kr 100 ×
118.69/17.64
kr672.67

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.69:

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=kr 100 ×
127.69/17.64
kr723.67

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 1974 and 2022 and the average inflation rate was 4.0509%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr100 × (1 + 0.040509)48
kr672.67

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1974 kr6.73 kronor in 2022
kr5 kronor in 1974 kr33.63 kronor in 2022
kr10 kronor in 1974 kr67.27 kronor in 2022
kr50 kronor in 1974 kr336.33 kronor in 2022
kr100 kronor in 1974 kr672.67 kronor in 2022
kr500 kronor in 1974 kr3,363.34 kronor in 2022
kr1,000 kronor in 1974 kr6,726.68 kronor in 2022
kr5,000 kronor in 1974 kr33,633.41 kronor in 2022
kr10,000 kronor in 1974 kr67,266.83 kronor in 2022
kr50,000 kronor in 1974 kr336,334.13 kronor in 2022
kr100,000 kronor in 1974 kr672,668.27 kronor in 2022
kr500,000 kronor in 1974 kr3,363,341.35 kronor in 2022
kr1,000,000 kronor in 1974 kr6,726,682.7 kronor in 2022
Cumulative inflation From 1974 623.67%
Avg. annual inflation From 1974 4.12%
CPI 1974 17.64
CPI today 127.69

Value of Krona over time (by year)

Period Value
1974 100
1975 109.78
1976 121.03
1977 134.88
1978 148.36
1979 159.06
1980 180.86
1981 202.75
1982 220.16
1983 239.7
1984 258.98
1985 278.08
1986 289.85
1987 301.99
1988 319.59
1989 340.18
1990 375.44
1991 410.9
1992 420.66
1993 440.55
1994 450.05
1995 461.1
1996 463.56
1997 466.61
1998 465.37
1999 467.52
2000 471.72
2001 483.07
2002 493.5
2003 503
2004 504.88
2005 507.17
2006 514.07
2007 525.44
2008 543.5
2009 540.81
2010 547.08
2011 563.27
2012 568.28
2013 568.03
2014 567.01
2015 566.74
2016 572.32
2017 582.59
2018 593.97
2019 604.57
2020 607.58
2021 620.72
2022 672.67
2022-12 716.16
Today 723.67

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 | 2022 |

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