Value of 1997 Swedish Kronor today

kr100 in 1997

kr129.99 in 2019

The inflation rate in Sweden between 1997 and today has been 29.99%, which translates into a total increase of kr29.99. This means that 100 kronor in 1997 are equivalent to 129.99 kronor in 2019. In other words, the purchasing power of kr100 in 1997 equals kr129.99 today. The average annual inflation rate has been 1.15%.

Inflation timeline in Sweden (1997-2019)

The following chart depicts the equivalence of kr100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1997-2019) 29.89%
Total Inflation* 29.99%
Annual inflation avg. (1997-2019) 1.2%
Annual inflation avg.* 1.15%
CPI 1997 81.54
CPI 2019 105.91
CPI today* 106
kr1 in 1997 kr1.3 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 22 years between 1997 and 2019 and the average inflation rate has been 1.1469%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.01)22 = kr129.89

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1997 was 81.54 and the CPI today is 106. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
= kr129.89

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1997 kr1.3 kronor today
kr5 kronor in 1997 kr6.5 kronor today
kr10 kronor in 1997 kr13 kronor today
kr50 kronor in 1997 kr64.99 kronor today
kr100 kronor in 1997 kr129.99 kronor today
kr500 kronor in 1997 kr649.94 kronor today
kr1,000 kronor in 1997 kr1,299.88 kronor today
kr5,000 kronor in 1997 kr6,499.42 kronor today
kr10,000 kronor in 1997 kr12,998.84 kronor today
kr50,000 kronor in 1997 kr64,994.21 kronor today
kr100,000 kronor in 1997 kr129,988.41 kronor today
kr500,000 kronor in 1997 kr649,942.06 kronor today
kr1,000,000 kronor in 1997 kr1,299,884.12 kronor today

Value of Krona in time (by year)

Period Value
1997 100
1998 101.65
1999 100.41
2000 101.73
2001 102.73
2002 105.46
2003 107.66
2004 109.03
2005 109.33
2006 110.3
2007 112.1
2008 115.97
2009 117.02
2010 117.69
2011 120.44
2012 123.2
2013 123.13
2014 123.3
2015 122.91
2016 122.97
2017 125.11
2018 127.29
2019 129.89
Today 129.99