kr

Value of 1983 Swedish Kronor today

kr100 in 1983
kr315.09 in 2024

The inflation rate in Sweden between 1983 and today has been 215.09%, which translates into a total increase of kr215.09. This means that 100 kronor in 1983 are equivalent to 315.09 kronor in 2024. In other words, the purchasing power of kr100 in 1983 equals kr315.09 today. The average annual inflation rate between these periods has been 2.84%.

Inflation timeline in Sweden (1983 - 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 1983-2023 204.62%
Cumulative inflation 1983-today 215.09%
Avg. Annual inflation 1983-2023 2.82%
CPI 1983 42.29
CPI 2023 128.84
CPI 2024-04 (latest official data) 132.6
CPI today 133.27

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 1983 and 2023, use the corresponding CPI values:

Value2023
=Value1983 ×
CPI2023/CPI1983
=kr 100 ×
128.84/42.29
kr304.62

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 133.27:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=kr 100 ×
133.27/42.29
kr315.09

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 40 years between 1983 and 2023 and the average inflation rate was 2.8239%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.028239)40
kr304.62

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1983 kr3.05 kronor in 2023
kr5 kronor in 1983 kr15.23 kronor in 2023
kr10 kronor in 1983 kr30.46 kronor in 2023
kr50 kronor in 1983 kr152.31 kronor in 2023
kr100 kronor in 1983 kr304.62 kronor in 2023
kr500 kronor in 1983 kr1,523.1 kronor in 2023
kr1,000 kronor in 1983 kr3,046.2 kronor in 2023
kr5,000 kronor in 1983 kr15,230.99 kronor in 2023
kr10,000 kronor in 1983 kr30,461.99 kronor in 2023
kr50,000 kronor in 1983 kr152,309.93 kronor in 2023
kr100,000 kronor in 1983 kr304,619.86 kronor in 2023
kr500,000 kronor in 1983 kr1,523,099.32 kronor in 2023
kr1,000,000 kronor in 1983 kr3,046,198.64 kronor in 2023
Cumulative inflation From 1983 215.09%
Avg. annual inflation From 1983 2.84%
CPI 1983 42.29
CPI today 133.27

Value of Krona over time (by year)

Period Value
1983 100
1984 108.04
1985 116.01
1986 120.92
1987 125.99
1988 133.33
1989 141.92
1990 156.63
1991 171.42
1992 175.49
1993 183.79
1994 187.76
1995 192.37
1996 193.39
1997 194.67
1998 194.15
1999 195.04
2000 196.8
2001 201.53
2002 205.88
2003 209.85
2004 210.63
2005 211.59
2006 214.46
2007 219.21
2008 226.74
2009 225.62
2010 228.23
2011 234.99
2012 237.08
2013 236.97
2014 236.55
2015 236.44
2016 238.77
2017 243.05
2018 247.8
2019 252.22
2020 253.47
2021 258.96
2022 280.63
2023 304.62
2024-04 313.52
Today 315.09

All available years

Today's value of swedish kronor by year:

1955 | 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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