kr

Value of 1999 Swedish Kronor today

kr100 in 1999
kr161.12 in 2024

The inflation rate in Sweden between 1999 and today has been 61.12%, which translates into a total increase of kr61.12. This means that 100 kronor in 1999 are equivalent to 161.12 kronor in 2024. In other words, the purchasing power of kr100 in 1999 equals kr161.12 today. The average annual inflation rate between these periods has been 1.93%.

Inflation timeline in Sweden (1999 - 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 1999-2023 56.18%
Cumulative inflation 1999-today 61.12%
Avg. Annual inflation 1999-2023 1.88%
CPI 1999 82.49
CPI 2023 128.84
CPI 2024-06 (latest official data) 132.72
CPI today 132.91

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 2023, use the corresponding CPI values:

Value2023
=Value1999 ×
CPI2023/CPI1999
=kr 100 ×
128.84/82.49
kr156.18

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.91:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=kr 100 ×
132.91/82.49
kr161.12

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 24 years between 1999 and 2023 and the average inflation rate was 1.875%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.01875)24
kr156.18

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1999 kr1.56 kronor in 2023
kr5 kronor in 1999 kr7.81 kronor in 2023
kr10 kronor in 1999 kr15.62 kronor in 2023
kr50 kronor in 1999 kr78.09 kronor in 2023
kr100 kronor in 1999 kr156.18 kronor in 2023
kr500 kronor in 1999 kr780.9 kronor in 2023
kr1,000 kronor in 1999 kr1,561.8 kronor in 2023
kr5,000 kronor in 1999 kr7,809.01 kronor in 2023
kr10,000 kronor in 1999 kr15,618.02 kronor in 2023
kr50,000 kronor in 1999 kr78,090.12 kronor in 2023
kr100,000 kronor in 1999 kr156,180.23 kronor in 2023
kr500,000 kronor in 1999 kr780,901.16 kronor in 2023
kr1,000,000 kronor in 1999 kr1,561,802.32 kronor in 2023
Cumulative inflation From 1999 61.12%
Avg. annual inflation From 1999 1.93%
CPI 1999 82.49
CPI today 132.91

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
2023 156.18
2024-06 160.88
Today 161.12

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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