Value of 1981 Swedish Kronor today

kr100 in 1981

kr315.78 in 2019

The inflation rate in Sweden between 1981 and today has been 215.78%, which translates into a total increase of kr215.78. This means that 100 kronor in 1981 are equivalent to 315.78 kronor in 2019. In other words, the purchasing power of kr100 in 1981 equals kr315.78 today. The average annual inflation rate has been 2.99%.

Inflation timeline in Sweden (1981-2019)

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 (1981-2019) 215.32%
Total Inflation* 215.78%
Annual inflation avg. (1981-2019) 3.07%
Annual inflation avg.* 2.99%
CPI 1981 33.59
CPI 2019 105.91
CPI today* 106.07
kr1 in 1981 kr3.15 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 38 years between 1981 and 2019 and the average inflation rate has been 2.9923%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.03)38 = kr315.32

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 1981 was 33.59 and the CPI today is 106.07. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/33.59
= kr315.32

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1981 kr3.16 kronor today
kr5 kronor in 1981 kr15.79 kronor today
kr10 kronor in 1981 kr31.58 kronor today
kr50 kronor in 1981 kr157.89 kronor today
kr100 kronor in 1981 kr315.78 kronor today
kr500 kronor in 1981 kr1,578.9 kronor today
kr1,000 kronor in 1981 kr3,157.81 kronor today
kr5,000 kronor in 1981 kr15,789.04 kronor today
kr10,000 kronor in 1981 kr31,578.08 kronor today
kr50,000 kronor in 1981 kr157,890.4 kronor today
kr100,000 kronor in 1981 kr315,780.79 kronor today
kr500,000 kronor in 1981 kr1,578,903.97 kronor today
kr1,000,000 kronor in 1981 kr3,157,807.93 kronor today

Value of Krona in time (by year)

Period Value
1981 100
1982 109.13
1983 119.66
1984 130.67
1985 141.33
1986 149.28
1987 154.24
1988 162.15
1989 171.85
1990 183.22
1991 203.19
1992 219.28
1993 223.35
1994 232.46
1995 238.19
1996 243.22
1997 242.76
1998 246.76
1999 243.77
2000 246.97
2001 249.39
2002 256.02
2003 261.35
2004 264.67
2005 265.42
2006 267.76
2007 272.14
2008 281.54
2009 284.08
2010 285.71
2011 292.39
2012 299.08
2013 298.92
2014 299.33
2015 298.38
2016 298.54
2017 303.73
2018 309.01
2019 315.32
Today 315.78