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Value of 2001 Swedish Kronor today

kr100 in 2001
kr149.71 in 2023

The inflation rate in Sweden between 2001 and today has been 49.71%, which translates into a total increase of kr49.71. This means that 100 kronor in 2001 are equivalent to 149.71 kronor in 2023. In other words, the purchasing power of kr100 in 2001 equals kr149.71 today. The average annual inflation rate between these periods has been 1.85%.

Inflation timeline in Sweden (2001 - 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 2001-2022 39.25%
Cumulative inflation 2001-today 49.71%
Avg. Annual inflation 2001-2022 1.59%
CPI 2001 85.24
CPI 2022 118.69
CPI 2022-12 (latest official data) 126.37
CPI today 127.6

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 2001 and 2022, use the corresponding CPI values:

Value2022
=Value2001 ×
CPI2022/CPI2001
=kr 100 ×
118.69/85.24
kr139.25

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.6:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=kr 100 ×
127.6/85.24
kr149.71

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 21 years between 2001 and 2022 and the average inflation rate was 1.5891%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr100 × (1 + 0.015891)21
kr139.25

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 2001 kr1.39 kronor in 2022
kr5 kronor in 2001 kr6.96 kronor in 2022
kr10 kronor in 2001 kr13.92 kronor in 2022
kr50 kronor in 2001 kr69.62 kronor in 2022
kr100 kronor in 2001 kr139.25 kronor in 2022
kr500 kronor in 2001 kr696.24 kronor in 2022
kr1,000 kronor in 2001 kr1,392.48 kronor in 2022
kr5,000 kronor in 2001 kr6,962.4 kronor in 2022
kr10,000 kronor in 2001 kr13,924.8 kronor in 2022
kr50,000 kronor in 2001 kr69,624.01 kronor in 2022
kr100,000 kronor in 2001 kr139,248.02 kronor in 2022
kr500,000 kronor in 2001 kr696,240.1 kronor in 2022
kr1,000,000 kronor in 2001 kr1,392,480.19 kronor in 2022
Cumulative inflation From 2001 49.71%
Avg. annual inflation From 2001 1.85%
CPI 2001 85.24
CPI today 127.6

Value of Krona over time (by year)

Period Value
2001 100
2002 102.16
2003 104.13
2004 104.51
2005 104.99
2006 106.42
2007 108.77
2008 112.51
2009 111.95
2010 113.25
2011 116.6
2012 117.64
2013 117.59
2014 117.38
2015 117.32
2016 118.48
2017 120.6
2018 122.96
2019 125.15
2020 125.77
2021 128.49
2022 139.25
2022-12 148.25
Today 149.71

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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