kr

Value of 1984 Swedish Kronor today

kr100 in 1984
kr279.34 in 2023

The inflation rate in Sweden between 1984 and today has been 179.34%, which translates into a total increase of kr179.34. This means that 100 kronor in 1984 are equivalent to 279.34 kronor in 2023. In other words, the purchasing power of kr100 in 1984 equals kr279.34 today. The average annual inflation rate between these periods has been 2.67%.

Inflation timeline in Sweden (1984 - 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 1984-2022 159.74%
Cumulative inflation 1984-today 179.34%
Avg. Annual inflation 1984-2022 2.54%
CPI 1984 45.7
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 1984 and 2022, use the corresponding CPI values:

Value2022
=Value1984 ×
CPI2022/CPI1984
=kr 100 ×
118.69/45.7
kr259.74

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

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=kr 100 ×
127.65/45.7
kr279.34

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 38 years between 1984 and 2022 and the average inflation rate was 2.5436%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr100 × (1 + 0.025436)38
kr259.74

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1984 kr2.6 kronor in 2022
kr5 kronor in 1984 kr12.99 kronor in 2022
kr10 kronor in 1984 kr25.97 kronor in 2022
kr50 kronor in 1984 kr129.87 kronor in 2022
kr100 kronor in 1984 kr259.74 kronor in 2022
kr500 kronor in 1984 kr1,298.68 kronor in 2022
kr1,000 kronor in 1984 kr2,597.36 kronor in 2022
kr5,000 kronor in 1984 kr12,986.8 kronor in 2022
kr10,000 kronor in 1984 kr25,973.61 kronor in 2022
kr50,000 kronor in 1984 kr129,868.03 kronor in 2022
kr100,000 kronor in 1984 kr259,736.07 kronor in 2022
kr500,000 kronor in 1984 kr1,298,680.34 kronor in 2022
kr1,000,000 kronor in 1984 kr2,597,360.68 kronor in 2022
Cumulative inflation From 1984 179.34%
Avg. annual inflation From 1984 2.67%
CPI 1984 45.7
CPI today 127.65

Value of Krona over time (by year)

Period Value
1984 100
1985 107.37
1986 111.92
1987 116.61
1988 123.4
1989 131.35
1990 144.97
1991 158.66
1992 162.43
1993 170.11
1994 173.78
1995 178.05
1996 178.99
1997 180.17
1998 179.69
1999 180.52
2000 182.15
2001 186.53
2002 190.55
2003 194.22
2004 194.95
2005 195.83
2006 198.5
2007 202.89
2008 209.86
2009 208.82
2010 211.24
2011 217.5
2012 219.43
2013 219.33
2014 218.94
2015 218.83
2016 220.99
2017 224.95
2018 229.35
2019 233.44
2020 234.6
2021 239.68
2022 259.74
2022-12 276.53
Today 279.34

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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