kr

Value of 1989 Swedish Kronor today

kr100 in 1989
kr202.34 in 2022

The inflation rate in Sweden between 1989 and today has been 102.34%, which translates into a total increase of kr102.34. This means that 100 kronor in 1989 are equivalent to 202.34 kronor in 2022. In other words, the purchasing power of kr100 in 1989 equals kr202.34 today. The average annual inflation rate between these periods has been 2.16%.

Inflation timeline in Sweden (1989 - 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 1989-2021 82.47%
Cumulative inflation 1989-today 102.34%
Avg. Annual inflation 1989-2021 1.9%
CPI 1989 60.02
CPI 2021 109.52
CPI 2022-08 (latest official data) 120.57
CPI today 121.45

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 1989 and 2021, use the corresponding CPI values:

Value2021
=Value1989 ×
CPI2021/CPI1989
=kr 100 ×
109.52/60.02
kr182.47

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.45:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=kr 100 ×
121.45/60.02
kr202.34

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 32 years between 1989 and 2021 and the average inflation rate was 1.8972%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.018972)32
kr182.47

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1989 kr1.82 kronor in 2021
kr5 kronor in 1989 kr9.12 kronor in 2021
kr10 kronor in 1989 kr18.25 kronor in 2021
kr50 kronor in 1989 kr91.23 kronor in 2021
kr100 kronor in 1989 kr182.47 kronor in 2021
kr500 kronor in 1989 kr912.35 kronor in 2021
kr1,000 kronor in 1989 kr1,824.69 kronor in 2021
kr5,000 kronor in 1989 kr9,123.45 kronor in 2021
kr10,000 kronor in 1989 kr18,246.9 kronor in 2021
kr50,000 kronor in 1989 kr91,234.5 kronor in 2021
kr100,000 kronor in 1989 kr182,469 kronor in 2021
kr500,000 kronor in 1989 kr912,345.02 kronor in 2021
kr1,000,000 kronor in 1989 kr1,824,690.04 kronor in 2021
Cumulative inflation From 1989 102.34%
Avg. annual inflation From 1989 2.16%
CPI 1989 60.02
CPI today 121.45

Value of Krona over time (by year)

Period Value
1989 100
1990 110.37
1991 120.79
1992 123.66
1993 129.51
1994 132.3
1995 135.55
1996 136.27
1997 137.17
1998 136.8
1999 137.43
2000 138.67
2001 142.01
2002 145.07
2003 147.86
2004 148.42
2005 149.09
2006 151.12
2007 154.46
2008 159.77
2009 158.98
2010 160.82
2011 165.58
2012 167.05
2013 166.98
2014 166.68
2015 166.6
2016 168.24
2017 171.26
2018 174.61
2019 177.72
2020 178.61
2021 182.47
2022-08 200.88
Today 202.34

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 |

Other currencies: