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Value of 2003 Swedish Kronor today

kr100 in 2003
kr136.8 in 2022

The inflation rate in Sweden between 2003 and today has been 36.8%, which translates into a total increase of kr36.8. This means that 100 kronor in 2003 are equivalent to 136.8 kronor in 2022. In other words, the purchasing power of kr100 in 2003 equals kr136.8 today. The average annual inflation rate between these periods has been 1.66%.

Inflation timeline in Sweden (2003 - 2022)

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 2003-2021 23.4%
Cumulative inflation 2003-today 36.8%
Avg. Annual inflation 2003-2021 1.18%
CPI 2003 88.75
CPI 2021 109.52
CPI 2022-08 (latest official data) 120.57
CPI today 121.42

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 2003 and 2021, use the corresponding CPI values:

Value2021
=Value2003 ×
CPI2021/CPI2003
=kr 100 ×
109.52/88.75
kr123.4

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.42:

Valuetoday
=Value2003 ×
CPItoday/CPI2003
=kr 100 ×
121.42/88.75
kr136.8

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 18 years between 2003 and 2021 and the average inflation rate was 1.1751%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.011751)18
kr123.4

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 2003 kr1.23 kronor in 2021
kr5 kronor in 2003 kr6.17 kronor in 2021
kr10 kronor in 2003 kr12.34 kronor in 2021
kr50 kronor in 2003 kr61.7 kronor in 2021
kr100 kronor in 2003 kr123.4 kronor in 2021
kr500 kronor in 2003 kr617.01 kronor in 2021
kr1,000 kronor in 2003 kr1,234.03 kronor in 2021
kr5,000 kronor in 2003 kr6,170.14 kronor in 2021
kr10,000 kronor in 2003 kr12,340.28 kronor in 2021
kr50,000 kronor in 2003 kr61,701.38 kronor in 2021
kr100,000 kronor in 2003 kr123,402.75 kronor in 2021
kr500,000 kronor in 2003 kr617,013.75 kronor in 2021
kr1,000,000 kronor in 2003 kr1,234,027.51 kronor in 2021
Cumulative inflation From 2003 36.8%
Avg. annual inflation From 2003 1.66%
CPI 2003 88.75
CPI today 121.42

Value of Krona over time (by year)

Period Value
2003 100
2004 100.37
2005 100.83
2006 102.2
2007 104.46
2008 108.05
2009 107.52
2010 108.76
2011 111.98
2012 112.98
2013 112.93
2014 112.72
2015 112.67
2016 113.78
2017 115.82
2018 118.09
2019 120.19
2020 120.79
2021 123.4
2022-08 135.85
Today 136.8

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 |

Other currencies: