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Value of 1987 Swedish Kronor today

kr100 in 1987
kr217.88 in 2022

The inflation rate in Sweden between 1987 and today has been 117.88%, which translates into a total increase of kr117.88. This means that 100 kronor in 1987 are equivalent to 217.88 kronor in 2022. In other words, the purchasing power of kr100 in 1987 equals kr217.88 today. The average annual inflation rate between these periods has been 2.25%.

Inflation timeline in Sweden (1987 - 2022)

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 1987-2021 105.54%
Cumulative inflation 1987-today 117.88%
Avg. Annual inflation 1987-2021 2.14%
CPI 1987 53.29
CPI 2021 109.52
CPI 2022-04 (latest official data) 115.53
CPI today 116.1

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=kr 100 ×
109.52/53.29
kr205.54

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.1:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=kr 100 ×
116.1/53.29
kr217.88

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 34 years between 1987 and 2021 and the average inflation rate was 2.1416%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.021416)34
kr205.54

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1987 kr2.06 kronor in 2021
kr5 kronor in 1987 kr10.28 kronor in 2021
kr10 kronor in 1987 kr20.55 kronor in 2021
kr50 kronor in 1987 kr102.77 kronor in 2021
kr100 kronor in 1987 kr205.54 kronor in 2021
kr500 kronor in 1987 kr1,027.7 kronor in 2021
kr1,000 kronor in 1987 kr2,055.39 kronor in 2021
kr5,000 kronor in 1987 kr10,276.97 kronor in 2021
kr10,000 kronor in 1987 kr20,553.94 kronor in 2021
kr50,000 kronor in 1987 kr102,769.72 kronor in 2021
kr100,000 kronor in 1987 kr205,539.45 kronor in 2021
kr500,000 kronor in 1987 kr1,027,697.24 kronor in 2021
kr1,000,000 kronor in 1987 kr2,055,394.49 kronor in 2021
Cumulative inflation From 1987 117.88%
Avg. annual inflation From 1987 2.25%
CPI 1987 53.29
CPI today 116.1

Value of Krona over time (by year)

Period Value
1987 100
1988 105.82
1989 112.64
1990 124.32
1991 136.06
1992 139.29
1993 145.88
1994 149.03
1995 152.69
1996 153.5
1997 154.51
1998 154.1
1999 154.81
2000 156.2
2001 159.96
2002 163.41
2003 166.56
2004 167.18
2005 167.94
2006 170.22
2007 173.99
2008 179.97
2009 179.08
2010 181.15
2011 186.52
2012 188.18
2013 188.09
2014 187.75
2015 187.67
2016 189.51
2017 192.91
2018 196.68
2019 200.19
2020 201.19
2021 205.54
2022-04 216.82
Today 217.88

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 |

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