kr

Value of 1991 Swedish Kronor today

kr100 in 1991
kr183.33 in 2024

The inflation rate in Sweden between 1991 and today has been 83.33%, which translates into a total increase of kr83.33. This means that 100 kronor in 1991 are equivalent to 183.33 kronor in 2024. In other words, the purchasing power of kr100 in 1991 equals kr183.33 today. The average annual inflation rate between these periods has been 1.85%.

Inflation timeline in Sweden (1991 - 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 1991-2023 77.7%
Cumulative inflation 1991-today 83.33%
Avg. Annual inflation 1991-2023 1.81%
CPI 1991 72.5
CPI 2023 128.84
CPI 2024-06 (latest official data) 132.72
CPI today 132.92

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 1991 and 2023, use the corresponding CPI values:

Value2023
=Value1991 ×
CPI2023/CPI1991
=kr 100 ×
128.84/72.5
kr177.7

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.92:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=kr 100 ×
132.92/72.5
kr183.33

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 1991 and 2023 and the average inflation rate was 1.8129%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.018129)32
kr177.7

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1991 kr1.78 kronor in 2023
kr5 kronor in 1991 kr8.89 kronor in 2023
kr10 kronor in 1991 kr17.77 kronor in 2023
kr50 kronor in 1991 kr88.85 kronor in 2023
kr100 kronor in 1991 kr177.7 kronor in 2023
kr500 kronor in 1991 kr888.5 kronor in 2023
kr1,000 kronor in 1991 kr1,777 kronor in 2023
kr5,000 kronor in 1991 kr8,885.01 kronor in 2023
kr10,000 kronor in 1991 kr17,770.01 kronor in 2023
kr50,000 kronor in 1991 kr88,850.06 kronor in 2023
kr100,000 kronor in 1991 kr177,700.11 kronor in 2023
kr500,000 kronor in 1991 kr888,500.56 kronor in 2023
kr1,000,000 kronor in 1991 kr1,777,001.13 kronor in 2023
Cumulative inflation From 1991 83.33%
Avg. annual inflation From 1991 1.85%
CPI 1991 72.5
CPI today 132.92

Value of Krona over time (by year)

Period Value
1991 100
1992 102.37
1993 107.21
1994 109.53
1995 112.22
1996 112.82
1997 113.56
1998 113.26
1999 113.78
2000 114.8
2001 117.56
2002 120.1
2003 122.41
2004 122.87
2005 123.43
2006 125.11
2007 127.88
2008 132.27
2009 131.62
2010 133.14
2011 137.08
2012 138.3
2013 138.24
2014 137.99
2015 137.93
2016 139.28
2017 141.78
2018 144.55
2019 147.13
2020 147.86
2021 151.06
2022 163.71
2023 177.7
2024-06 183.05
Today 183.33

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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