Value of 1983 Swedish Kronor today

kr100 in 1983

kr263.9 in 2019

The inflation rate in Sweden between 1983 and today has been 163.9%, which translates into a total increase of kr163.9. This means that 100 kronor in 1983 are equivalent to 263.9 kronor in 2019. In other words, the purchasing power of kr100 in 1983 equals kr263.9 today. The average annual inflation rate has been 2.66%.

Inflation timeline in Sweden (1983-2019)

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 (1983-2019) 163.51%
Total Inflation* 163.9%
Annual inflation avg. (1983-2019) 2.73%
Annual inflation avg.* 2.66%
CPI 1983 40.19
CPI 2019 105.91
CPI today* 106.07
kr1 in 1983 kr2.64 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 36 years between 1983 and 2019 and the average inflation rate has been 2.6574%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.03)36 = kr263.51

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 1983 was 40.19 and the CPI today is 106.07. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/40.19
= kr263.51

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1983 kr2.64 kronor today
kr5 kronor in 1983 kr13.2 kronor today
kr10 kronor in 1983 kr26.39 kronor today
kr50 kronor in 1983 kr131.95 kronor today
kr100 kronor in 1983 kr263.9 kronor today
kr500 kronor in 1983 kr1,319.51 kronor today
kr1,000 kronor in 1983 kr2,639.03 kronor today
kr5,000 kronor in 1983 kr13,195.14 kronor today
kr10,000 kronor in 1983 kr26,390.29 kronor today
kr50,000 kronor in 1983 kr131,951.43 kronor today
kr100,000 kronor in 1983 kr263,902.86 kronor today
kr500,000 kronor in 1983 kr1,319,514.29 kronor today
kr1,000,000 kronor in 1983 kr2,639,028.59 kronor today

Value of Krona in time (by year)

Period Value
1983 100
1984 109.2
1985 118.11
1986 124.76
1987 128.9
1988 135.51
1989 143.62
1990 153.12
1991 169.81
1992 183.25
1993 186.66
1994 194.27
1995 199.06
1996 203.26
1997 202.88
1998 206.23
1999 203.72
2000 206.4
2001 208.42
2002 213.96
2003 218.41
2004 221.19
2005 221.81
2006 223.77
2007 227.43
2008 235.29
2009 237.41
2010 238.77
2011 244.35
2012 249.94
2013 249.81
2014 250.15
2015 249.36
2016 249.49
2017 253.84
2018 258.24
2019 263.51
Today 263.9