kr

Value of 1994 Swedish Kronor today

kr100 in 1994
kr167.17 in 2024

The inflation rate in Sweden between 1994 and today has been 67.17%, which translates into a total increase of kr67.17. This means that 100 kronor in 1994 are equivalent to 167.17 kronor in 2024. In other words, the purchasing power of kr100 in 1994 equals kr167.17 today. The average annual inflation rate between these periods has been 1.73%.

Inflation timeline in Sweden (1994 - 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 1994-2023 62.24%
Cumulative inflation 1994-today 67.17%
Avg. Annual inflation 1994-2023 1.68%
CPI 1994 79.41
CPI 2023 128.84
CPI 2024-02 (latest official data) 132.05
CPI today 132.75

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=kr 100 ×
128.84/79.41
kr162.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.75:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=kr 100 ×
132.75/79.41
kr167.17

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 29 years between 1994 and 2023 and the average inflation rate was 1.6827%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.016827)29
kr162.24

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1994 kr1.62 kronor in 2023
kr5 kronor in 1994 kr8.11 kronor in 2023
kr10 kronor in 1994 kr16.22 kronor in 2023
kr50 kronor in 1994 kr81.12 kronor in 2023
kr100 kronor in 1994 kr162.24 kronor in 2023
kr500 kronor in 1994 kr811.2 kronor in 2023
kr1,000 kronor in 1994 kr1,622.41 kronor in 2023
kr5,000 kronor in 1994 kr8,112.04 kronor in 2023
kr10,000 kronor in 1994 kr16,224.08 kronor in 2023
kr50,000 kronor in 1994 kr81,120.38 kronor in 2023
kr100,000 kronor in 1994 kr162,240.76 kronor in 2023
kr500,000 kronor in 1994 kr811,203.82 kronor in 2023
kr1,000,000 kronor in 1994 kr1,622,407.65 kronor in 2023
Cumulative inflation From 1994 67.17%
Avg. annual inflation From 1994 1.73%
CPI 1994 79.41
CPI today 132.75

Value of Krona over time (by year)

Period Value
1994 100
1995 102.46
1996 103
1997 103.68
1998 103.4
1999 103.88
2000 104.81
2001 107.34
2002 109.65
2003 111.76
2004 112.18
2005 112.69
2006 114.22
2007 116.75
2008 120.76
2009 120.17
2010 121.56
2011 125.16
2012 126.27
2013 126.21
2014 125.99
2015 125.93
2016 127.17
2017 129.45
2018 131.98
2019 134.33
2020 135
2021 137.92
2022 149.46
2023 162.24
2024-02 166.28
Today 167.17

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 | 2023 |

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