kr

Value of 1981 Swedish Kronor today

kr100 in 1981
kr356.81 in 2023

The inflation rate in Sweden between 1981 and today has been 256.81%, which translates into a total increase of kr256.81. This means that 100 kronor in 1981 are equivalent to 356.81 kronor in 2023. In other words, the purchasing power of kr100 in 1981 equals kr356.81 today. The average annual inflation rate between these periods has been 3.07%.

Inflation timeline in Sweden (1981 - 2023)

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 1981-2022 231.77%
Cumulative inflation 1981-today 256.81%
Avg. Annual inflation 1981-2022 2.97%
CPI 1981 35.77
CPI 2022 118.69
CPI 2022-12 (latest official data) 126.37
CPI today 127.65

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 1981 and 2022, use the corresponding CPI values:

Value2022
=Value1981 ×
CPI2022/CPI1981
=kr 100 ×
118.69/35.77
kr331.77

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.65:

Valuetoday
=Value1981 ×
CPItoday/CPI1981
=kr 100 ×
127.65/35.77
kr356.81

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 41 years between 1981 and 2022 and the average inflation rate was 2.9683%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr100 × (1 + 0.029683)41
kr331.77

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1981 kr3.32 kronor in 2022
kr5 kronor in 1981 kr16.59 kronor in 2022
kr10 kronor in 1981 kr33.18 kronor in 2022
kr50 kronor in 1981 kr165.89 kronor in 2022
kr100 kronor in 1981 kr331.77 kronor in 2022
kr500 kronor in 1981 kr1,658.86 kronor in 2022
kr1,000 kronor in 1981 kr3,317.73 kronor in 2022
kr5,000 kronor in 1981 kr16,588.64 kronor in 2022
kr10,000 kronor in 1981 kr33,177.27 kronor in 2022
kr50,000 kronor in 1981 kr165,886.37 kronor in 2022
kr100,000 kronor in 1981 kr331,772.73 kronor in 2022
kr500,000 kronor in 1981 kr1,658,863.65 kronor in 2022
kr1,000,000 kronor in 1981 kr3,317,727.31 kronor in 2022
Cumulative inflation From 1981 256.81%
Avg. annual inflation From 1981 3.07%
CPI 1981 35.77
CPI today 127.65

Value of Krona over time (by year)

Period Value
1981 100
1982 108.59
1983 118.22
1984 127.73
1985 137.15
1986 142.96
1987 148.95
1988 157.63
1989 167.78
1990 185.18
1991 202.66
1992 207.48
1993 217.29
1994 221.98
1995 227.43
1996 228.64
1997 230.14
1998 229.53
1999 230.59
2000 232.66
2001 238.26
2002 243.4
2003 248.09
2004 249.02
2005 250.15
2006 253.55
2007 259.16
2008 268.06
2009 266.74
2010 269.83
2011 277.82
2012 280.29
2013 280.16
2014 279.66
2015 279.53
2016 282.28
2017 287.34
2018 292.96
2019 298.18
2020 299.67
2021 306.15
2022 331.77
2022-12 353.23
Today 356.81

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 |

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