kr

Value of 2002 Swedish Kronor today

kr100 in 2002
kr153.04 in 2024

The inflation rate in Sweden between 2002 and today has been 53.04%, which translates into a total increase of kr53.04. This means that 100 kronor in 2002 are equivalent to 153.04 kronor in 2024. In other words, the purchasing power of kr100 in 2002 equals kr153.04 today. The average annual inflation rate between these periods has been 1.95%.

Inflation timeline in Sweden (2002 - 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 2002-2023 47.96%
Cumulative inflation 2002-today 53.04%
Avg. Annual inflation 2002-2023 1.88%
CPI 2002 87.08
CPI 2023 128.84
CPI 2024-04 (latest official data) 132.6
CPI today 133.27

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 2002 and 2023, use the corresponding CPI values:

Value2023
=Value2002 ×
CPI2023/CPI2002
=kr 100 ×
128.84/87.08
kr147.96

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 133.27:

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=kr 100 ×
133.27/87.08
kr153.04

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 2002 and 2023 and the average inflation rate was 1.883%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.01883)21
kr147.96

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 2002 kr1.48 kronor in 2023
kr5 kronor in 2002 kr7.4 kronor in 2023
kr10 kronor in 2002 kr14.8 kronor in 2023
kr50 kronor in 2002 kr73.98 kronor in 2023
kr100 kronor in 2002 kr147.96 kronor in 2023
kr500 kronor in 2002 kr739.79 kronor in 2023
kr1,000 kronor in 2002 kr1,479.58 kronor in 2023
kr5,000 kronor in 2002 kr7,397.91 kronor in 2023
kr10,000 kronor in 2002 kr14,795.82 kronor in 2023
kr50,000 kronor in 2002 kr73,979.08 kronor in 2023
kr100,000 kronor in 2002 kr147,958.15 kronor in 2023
kr500,000 kronor in 2002 kr739,790.77 kronor in 2023
kr1,000,000 kronor in 2002 kr1,479,581.54 kronor in 2023
Cumulative inflation From 2002 53.04%
Avg. annual inflation From 2002 1.95%
CPI 2002 87.08
CPI today 133.27

Value of Krona over time (by year)

Period Value
2002 100
2003 101.93
2004 102.31
2005 102.77
2006 104.17
2007 106.47
2008 110.13
2009 109.59
2010 110.86
2011 114.14
2012 115.15
2013 115.1
2014 114.9
2015 114.84
2016 115.97
2017 118.05
2018 120.36
2019 122.51
2020 123.12
2021 125.78
2022 136.31
2023 147.96
2024-04 152.28
Today 153.04

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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