kr

Value of 1977 Swedish Kronor today

kr100 in 1977
kr510.18 in 2022

The inflation rate in Sweden between 1977 and today has been 410.18%, which translates into a total increase of kr410.18. This means that 100 kronor in 1977 are equivalent to 510.18 kronor in 2022. In other words, the purchasing power of kr100 in 1977 equals kr510.18 today. The average annual inflation rate between these periods has been 3.69%.

Inflation timeline in Sweden (1977 - 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 1977-2021 360.2%
Cumulative inflation 1977-today 410.18%
Avg. Annual inflation 1977-2021 3.53%
CPI 1977 23.8
CPI 2021 109.52
CPI 2022-08 (latest official data) 120.57
CPI today 121.42

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 1977 and 2021, use the corresponding CPI values:

Value2021
=Value1977 ×
CPI2021/CPI1977
=kr 100 ×
109.52/23.8
kr460.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.42:

Valuetoday
=Value1977 ×
CPItoday/CPI1977
=kr 100 ×
121.42/23.8
kr510.18

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 44 years between 1977 and 2021 and the average inflation rate was 3.5302%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.035302)44
kr460.2

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1977 kr4.6 kronor in 2021
kr5 kronor in 1977 kr23.01 kronor in 2021
kr10 kronor in 1977 kr46.02 kronor in 2021
kr50 kronor in 1977 kr230.1 kronor in 2021
kr100 kronor in 1977 kr460.2 kronor in 2021
kr500 kronor in 1977 kr2,301.01 kronor in 2021
kr1,000 kronor in 1977 kr4,602.02 kronor in 2021
kr5,000 kronor in 1977 kr23,010.1 kronor in 2021
kr10,000 kronor in 1977 kr46,020.19 kronor in 2021
kr50,000 kronor in 1977 kr230,100.96 kronor in 2021
kr100,000 kronor in 1977 kr460,201.92 kronor in 2021
kr500,000 kronor in 1977 kr2,301,009.62 kronor in 2021
kr1,000,000 kronor in 1977 kr4,602,019.23 kronor in 2021
Cumulative inflation From 1977 410.18%
Avg. annual inflation From 1977 3.69%
CPI 1977 23.8
CPI today 121.42

Value of Krona over time (by year)

Period Value
1977 100
1978 110
1979 117.93
1980 134.09
1981 150.32
1982 163.23
1983 177.71
1984 192.01
1985 206.17
1986 214.9
1987 223.9
1988 236.94
1989 252.21
1990 278.35
1991 304.64
1992 311.88
1993 326.62
1994 333.67
1995 341.86
1996 343.69
1997 345.95
1998 345.02
1999 346.62
2000 349.74
2001 358.15
2002 365.88
2003 372.93
2004 374.32
2005 376.02
2006 381.13
2007 389.56
2008 402.95
2009 400.96
2010 405.6
2011 417.61
2012 421.32
2013 421.14
2014 420.38
2015 420.18
2016 424.32
2017 431.93
2018 440.37
2019 448.23
2020 450.46
2021 460.2
2022-08 506.63
Today 510.18

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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