kr

Value of 1979 Swedish Kronor today

kr100 in 1979
kr472.13 in 2024

The inflation rate in Sweden between 1979 and today has been 372.13%, which translates into a total increase of kr372.13. This means that 100 kronor in 1979 are equivalent to 472.13 kronor in 2024. In other words, the purchasing power of kr100 in 1979 equals kr472.13 today. The average annual inflation rate between these periods has been 3.51%.

Inflation timeline in Sweden (1979 - 2024)

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 1979-2023 359.06%
Cumulative inflation 1979-today 372.13%
Avg. Annual inflation 1979-2023 3.52%
CPI 1979 28.07
CPI 2023 128.84
CPI 2024-02 (latest official data) 132.05
CPI today 132.5

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 1979 and 2023, use the corresponding CPI values:

Value2023
=Value1979 ×
CPI2023/CPI1979
=kr 100 ×
128.84/28.07
kr459.06

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.5:

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=kr 100 ×
132.5/28.07
kr472.13

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 1979 and 2023 and the average inflation rate was 3.5244%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.035244)44
kr459.06

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1979 kr4.59 kronor in 2023
kr5 kronor in 1979 kr22.95 kronor in 2023
kr10 kronor in 1979 kr45.91 kronor in 2023
kr50 kronor in 1979 kr229.53 kronor in 2023
kr100 kronor in 1979 kr459.06 kronor in 2023
kr500 kronor in 1979 kr2,295.31 kronor in 2023
kr1,000 kronor in 1979 kr4,590.61 kronor in 2023
kr5,000 kronor in 1979 kr22,953.06 kronor in 2023
kr10,000 kronor in 1979 kr45,906.12 kronor in 2023
kr50,000 kronor in 1979 kr229,530.59 kronor in 2023
kr100,000 kronor in 1979 kr459,061.19 kronor in 2023
kr500,000 kronor in 1979 kr2,295,305.95 kronor in 2023
kr1,000,000 kronor in 1979 kr4,590,611.89 kronor in 2023
Cumulative inflation From 1979 372.13%
Avg. annual inflation From 1979 3.51%
CPI 1979 28.07
CPI today 132.5

Value of Krona over time (by year)

Period Value
1979 100
1980 113.71
1981 127.47
1982 138.42
1983 150.7
1984 162.82
1985 174.83
1986 182.23
1987 189.86
1988 200.92
1989 213.87
1990 236.04
1991 258.33
1992 264.47
1993 276.97
1994 282.95
1995 289.9
1996 291.44
1997 293.36
1998 292.58
1999 293.93
2000 296.57
2001 303.71
2002 310.26
2003 316.24
2004 317.42
2005 318.86
2006 323.2
2007 330.35
2008 341.7
2009 340.01
2010 343.95
2011 354.13
2012 357.28
2013 357.12
2014 356.48
2015 356.31
2016 359.82
2017 366.28
2018 373.43
2019 380.09
2020 381.98
2021 390.25
2022 422.91
2023 459.06
2024-02 470.49
Today 472.13

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 | 2023 |

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