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Value of 1999 Swedish Kronor today

kr100 in 1999
kr154.74 in 2023

The inflation rate in Sweden between 1999 and today has been 54.74%, which translates into a total increase of kr54.74. This means that 100 kronor in 1999 are equivalent to 154.74 kronor in 2023. In other words, the purchasing power of kr100 in 1999 equals kr154.74 today. The average annual inflation rate between these periods has been 1.84%.

Inflation timeline in Sweden (1999 - 2023)

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 1999-2022 43.88%
Cumulative inflation 1999-today 54.74%
Avg. Annual inflation 1999-2022 1.59%
CPI 1999 82.49
CPI 2022 118.69
CPI 2022-12 (latest official data) 126.37
CPI today 127.65

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 1999 and 2022, use the corresponding CPI values:

Value2022
=Value1999 ×
CPI2022/CPI1999
=kr 100 ×
118.69/82.49
kr143.88

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.65:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=kr 100 ×
127.65/82.49
kr154.74

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 23 years between 1999 and 2022 and the average inflation rate was 1.5944%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr100 × (1 + 0.015944)23
kr143.88

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1999 kr1.44 kronor in 2022
kr5 kronor in 1999 kr7.19 kronor in 2022
kr10 kronor in 1999 kr14.39 kronor in 2022
kr50 kronor in 1999 kr71.94 kronor in 2022
kr100 kronor in 1999 kr143.88 kronor in 2022
kr500 kronor in 1999 kr719.4 kronor in 2022
kr1,000 kronor in 1999 kr1,438.8 kronor in 2022
kr5,000 kronor in 1999 kr7,194.02 kronor in 2022
kr10,000 kronor in 1999 kr14,388.04 kronor in 2022
kr50,000 kronor in 1999 kr71,940.22 kronor in 2022
kr100,000 kronor in 1999 kr143,880.44 kronor in 2022
kr500,000 kronor in 1999 kr719,402.2 kronor in 2022
kr1,000,000 kronor in 1999 kr1,438,804.4 kronor in 2022
Cumulative inflation From 1999 54.74%
Avg. annual inflation From 1999 1.84%
CPI 1999 82.49
CPI today 127.65

Value of Krona over time (by year)

Period Value
1999 100
2000 100.9
2001 103.33
2002 105.56
2003 107.59
2004 107.99
2005 108.48
2006 109.96
2007 112.39
2008 116.25
2009 115.68
2010 117.02
2011 120.48
2012 121.55
2013 121.5
2014 121.28
2015 121.22
2016 122.42
2017 124.61
2018 127.05
2019 129.31
2020 129.96
2021 132.77
2022 143.88
2022-12 153.18
Today 154.74

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 |

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