Value of 1977 Swedish Kronor today

kr100 in 1977

kr480.13 in 2019

The inflation rate in Sweden between 1977 and today has been 380.13%, which translates into a total increase of kr380.13. This means that 100 kronor in 1977 are equivalent to 480.13 kronor in 2019. In other words, the purchasing power of kr100 in 1977 equals kr480.13 today. The average annual inflation rate has been 3.72%.

Inflation timeline in Sweden (1977-2019)

The following chart ilustrates the equivalence of kr100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1977-2019) 379.43%
Total Inflation* 380.13%
Annual inflation avg. (1977-2019) 3.8%
Annual inflation avg.* 3.72%
CPI 1977 22.09
CPI 2019 105.91
CPI today* 106.07
kr1 in 1977 kr4.79 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 42 years between 1977 and 2019 and the average inflation rate has been 3.716%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)42 = kr479.43

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 1977 was 22.09 and the CPI today is 106.07. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/22.09
= kr479.43

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1977 kr4.8 kronor today
kr5 kronor in 1977 kr24.01 kronor today
kr10 kronor in 1977 kr48.01 kronor today
kr50 kronor in 1977 kr240.07 kronor today
kr100 kronor in 1977 kr480.13 kronor today
kr500 kronor in 1977 kr2,400.67 kronor today
kr1,000 kronor in 1977 kr4,801.34 kronor today
kr5,000 kronor in 1977 kr24,006.7 kronor today
kr10,000 kronor in 1977 kr48,013.41 kronor today
kr50,000 kronor in 1977 kr240,067.05 kronor today
kr100,000 kronor in 1977 kr480,134.09 kronor today
kr500,000 kronor in 1977 kr2,400,670.47 kronor today
kr1,000,000 kronor in 1977 kr4,801,340.95 kronor today

Value of Krona in time (by year)

Period Value
1977 100
1978 113.05
1979 121.38
1980 133.23
1981 152.05
1982 165.93
1983 181.94
1984 198.68
1985 214.89
1986 226.98
1987 234.52
1988 246.54
1989 261.29
1990 278.58
1991 308.95
1992 333.4
1993 339.6
1994 353.44
1995 362.17
1996 369.81
1997 369.12
1998 375.2
1999 370.65
2000 375.52
2001 379.18
2002 389.27
2003 397.37
2004 402.43
2005 403.56
2006 407.12
2007 413.78
2008 428.07
2009 431.93
2010 434.41
2011 444.57
2012 454.74
2013 454.49
2014 455.11
2015 453.68
2016 453.92
2017 461.82
2018 469.84
2019 479.43
Today 480.13