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Value of 2004 Swedish Kronor today

kr100 in 2004
kr148.73 in 2024

The inflation rate in Sweden between 2004 and today has been 48.73%, which translates into a total increase of kr48.73. This means that 100 kronor in 2004 are equivalent to 148.73 kronor in 2024. In other words, the purchasing power of kr100 in 2004 equals kr148.73 today. The average annual inflation rate between these periods has been 2%.

Inflation timeline in Sweden (2004 - 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 2004-2023 44.62%
Cumulative inflation 2004-today 48.73%
Avg. Annual inflation 2004-2023 1.96%
CPI 2004 89.09
CPI 2023 128.84
CPI 2023-12 (latest official data) 131.91
CPI today 132.5

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 2004 and 2023, use the corresponding CPI values:

Value2023
=Value2004 ×
CPI2023/CPI2004
=kr 100 ×
128.84/89.09
kr144.62

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.5:

Valuetoday
=Value2004 ×
CPItoday/CPI2004
=kr 100 ×
132.5/89.09
kr148.73

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 19 years between 2004 and 2023 and the average inflation rate was 1.9609%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.019609)19
kr144.62

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 2004 kr1.45 kronor in 2023
kr5 kronor in 2004 kr7.23 kronor in 2023
kr10 kronor in 2004 kr14.46 kronor in 2023
kr50 kronor in 2004 kr72.31 kronor in 2023
kr100 kronor in 2004 kr144.62 kronor in 2023
kr500 kronor in 2004 kr723.11 kronor in 2023
kr1,000 kronor in 2004 kr1,446.22 kronor in 2023
kr5,000 kronor in 2004 kr7,231.12 kronor in 2023
kr10,000 kronor in 2004 kr14,462.24 kronor in 2023
kr50,000 kronor in 2004 kr72,311.21 kronor in 2023
kr100,000 kronor in 2004 kr144,622.42 kronor in 2023
kr500,000 kronor in 2004 kr723,112.12 kronor in 2023
kr1,000,000 kronor in 2004 kr1,446,224.23 kronor in 2023
Cumulative inflation From 2004 48.73%
Avg. annual inflation From 2004 2%
CPI 2004 89.09
CPI today 132.5

Value of Krona over time (by year)

Period Value
2004 100
2005 100.45
2006 101.82
2007 104.07
2008 107.65
2009 107.12
2010 108.36
2011 111.57
2012 112.56
2013 112.51
2014 112.3
2015 112.25
2016 113.36
2017 115.39
2018 117.65
2019 119.74
2020 120.34
2021 122.94
2022 133.23
2023 144.62
2023-12 148.07
Today 148.73

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 | 2023 |

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