kr

Value of 1976 Swedish Kronor today

kr100 in 1976
kr549.83 in 2022

The inflation rate in Sweden between 1976 and today has been 449.83%, which translates into a total increase of kr449.83. This means that 100 kronor in 1976 are equivalent to 549.83 kronor in 2022. In other words, the purchasing power of kr100 in 1976 equals kr549.83 today. The average annual inflation rate between these periods has been 3.77%.

Inflation timeline in Sweden (1976 - 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 1976-2021 412.86%
Cumulative inflation 1976-today 449.83%
Avg. Annual inflation 1976-2021 3.7%
CPI 1976 21.36
CPI 2021 109.52
CPI 2022-05 (latest official data) 116.75
CPI today 117.42

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 1976 and 2021, use the corresponding CPI values:

Value2021
=Value1976 ×
CPI2021/CPI1976
=kr 100 ×
109.52/21.36
kr512.86

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.42:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=kr 100 ×
117.42/21.36
kr549.83

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 45 years between 1976 and 2021 and the average inflation rate was 3.6997%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.036997)45
kr512.86

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1976 kr5.13 kronor in 2021
kr5 kronor in 1976 kr25.64 kronor in 2021
kr10 kronor in 1976 kr51.29 kronor in 2021
kr50 kronor in 1976 kr256.43 kronor in 2021
kr100 kronor in 1976 kr512.86 kronor in 2021
kr500 kronor in 1976 kr2,564.29 kronor in 2021
kr1,000 kronor in 1976 kr5,128.57 kronor in 2021
kr5,000 kronor in 1976 kr25,642.86 kronor in 2021
kr10,000 kronor in 1976 kr51,285.72 kronor in 2021
kr50,000 kronor in 1976 kr256,428.62 kronor in 2021
kr100,000 kronor in 1976 kr512,857.24 kronor in 2021
kr500,000 kronor in 1976 kr2,564,286.21 kronor in 2021
kr1,000,000 kronor in 1976 kr5,128,572.41 kronor in 2021
Cumulative inflation From 1976 449.83%
Avg. annual inflation From 1976 3.77%
CPI 1976 21.36
CPI today 117.42

Value of Krona over time (by year)

Period Value
1976 100
1977 111.44
1978 122.58
1979 131.42
1980 149.43
1981 167.52
1982 181.91
1983 198.05
1984 213.98
1985 229.75
1986 239.49
1987 249.52
1988 264.05
1989 281.07
1990 310.2
1991 339.5
1992 347.56
1993 363.99
1994 371.85
1995 380.98
1996 383.01
1997 385.53
1998 384.5
1999 386.28
2000 389.75
2001 399.13
2002 407.74
2003 415.6
2004 417.15
2005 419.04
2006 424.74
2007 434.14
2008 449.06
2009 446.84
2010 452.01
2011 465.4
2012 469.53
2013 469.32
2014 468.48
2015 468.26
2016 472.87
2017 481.35
2018 490.76
2019 499.51
2020 502
2021 512.86
2022-05 546.68
Today 549.83

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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