Value of 1976 Swedish Kronor today

kr100 in 1976

kr524.43 in 2019

The inflation rate in Sweden between 1976 and today has been 424.43%, which translates into a total increase of kr424.43. This means that 100 kronor in 1976 are equivalent to 524.43 kronor in 2019. In other words, the purchasing power of kr100 in 1976 equals kr524.43 today. The average annual inflation rate has been 3.84%.

Inflation timeline in Sweden (1976-2019)

The following chart depicts the equivalence of kr100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1976-2019) 423.83%
Total Inflation* 424.43%
Annual inflation avg. (1976-2019) 3.93%
Annual inflation avg.* 3.84%
CPI 1976 20.22
CPI 2019 105.91
CPI today* 106.03
kr1 in 1976 kr5.24 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 43 years between 1976 and 2019 and the average inflation rate has been 3.838%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)43 = kr523.83

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1976 was 20.22 and the CPI today is 106.03. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/20.22
= kr523.83

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1976 kr5.24 kronor today
kr5 kronor in 1976 kr26.22 kronor today
kr10 kronor in 1976 kr52.44 kronor today
kr50 kronor in 1976 kr262.21 kronor today
kr100 kronor in 1976 kr524.43 kronor today
kr500 kronor in 1976 kr2,622.14 kronor today
kr1,000 kronor in 1976 kr5,244.27 kronor today
kr5,000 kronor in 1976 kr26,221.36 kronor today
kr10,000 kronor in 1976 kr52,442.71 kronor today
kr50,000 kronor in 1976 kr262,213.57 kronor today
kr100,000 kronor in 1976 kr524,427.14 kronor today
kr500,000 kronor in 1976 kr2,622,135.7 kronor today
kr1,000,000 kronor in 1976 kr5,244,271.39 kronor today

Value of Krona in time (by year)

Period Value
1976 100
1977 109.26
1978 123.52
1979 132.62
1980 145.57
1981 166.13
1982 181.3
1983 198.79
1984 217.08
1985 234.79
1986 248
1987 256.24
1988 269.37
1989 285.49
1990 304.38
1991 337.56
1992 364.29
1993 371.06
1994 386.18
1995 395.71
1996 404.06
1997 403.3
1998 409.95
1999 404.98
2000 410.3
2001 414.31
2002 425.32
2003 434.18
2004 439.7
2005 440.93
2006 444.83
2007 452.11
2008 467.72
2009 471.93
2010 474.65
2011 485.75
2012 496.86
2013 496.59
2014 497.27
2015 495.71
2016 495.96
2017 504.59
2018 513.35
2019 523.83
Today 524.43