kr

Value of 1998 Swedish Kronor today

kr100 in 1998
kr161.69 in 2024

The inflation rate in Sweden between 1998 and today has been 61.69%, which translates into a total increase of kr61.69. This means that 100 kronor in 1998 are equivalent to 161.69 kronor in 2024. In other words, the purchasing power of kr100 in 1998 equals kr161.69 today. The average annual inflation rate between these periods has been 1.87%.

Inflation timeline in Sweden (1998 - 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 1998-2023 56.9%
Cumulative inflation 1998-today 61.69%
Avg. Annual inflation 1998-2023 1.82%
CPI 1998 82.11
CPI 2023 128.84
CPI 2024-02 (latest official data) 132.05
CPI today 132.77

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 1998 and 2023, use the corresponding CPI values:

Value2023
=Value1998 ×
CPI2023/CPI1998
=kr 100 ×
128.84/82.11
kr156.9

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.77:

Valuetoday
=Value1998 ×
CPItoday/CPI1998
=kr 100 ×
132.77/82.11
kr161.69

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 25 years between 1998 and 2023 and the average inflation rate was 1.8181%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.018181)25
kr156.9

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1998 kr1.57 kronor in 2023
kr5 kronor in 1998 kr7.85 kronor in 2023
kr10 kronor in 1998 kr15.69 kronor in 2023
kr50 kronor in 1998 kr78.45 kronor in 2023
kr100 kronor in 1998 kr156.9 kronor in 2023
kr500 kronor in 1998 kr784.51 kronor in 2023
kr1,000 kronor in 1998 kr1,569.02 kronor in 2023
kr5,000 kronor in 1998 kr7,845.1 kronor in 2023
kr10,000 kronor in 1998 kr15,690.2 kronor in 2023
kr50,000 kronor in 1998 kr78,451.02 kronor in 2023
kr100,000 kronor in 1998 kr156,902.05 kronor in 2023
kr500,000 kronor in 1998 kr784,510.24 kronor in 2023
kr1,000,000 kronor in 1998 kr1,569,020.48 kronor in 2023
Cumulative inflation From 1998 61.69%
Avg. annual inflation From 1998 1.87%
CPI 1998 82.11
CPI today 132.77

Value of Krona over time (by year)

Period Value
1998 100
1999 100.46
2000 101.37
2001 103.8
2002 106.04
2003 108.09
2004 108.49
2005 108.98
2006 110.46
2007 112.91
2008 116.79
2009 116.21
2010 117.56
2011 121.04
2012 122.11
2013 122.06
2014 121.84
2015 121.78
2016 122.98
2017 125.19
2018 127.63
2019 129.91
2020 130.56
2021 133.38
2022 144.55
2023 156.9
2024-02 160.81
Today 161.69

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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