kr 1,000 in 1971 is worth kr 1,390,304 today
Iceland prices rose 138,930.43% between 1971 and 2026 — an average of 14.06% a year over 55 years.
Convert a different amount
Calculate inflation
Results
kr 1,000 in 1971 is worth kr 1,390,304 in 2026
Need this offline or in another currency? Get the app — 4.5★ from 940 ratings, 150+ currencies.
Inflation analysis
Icelandic Krona amounts from 1971, in 2026 money
| In 1971 | In 2026 |
|---|---|
| kr 10 | kr 13,903 |
| kr 20 | kr 27,806 |
| kr 50 | kr 69,515 |
| kr 100 | kr 139,030 |
| kr 200 | kr 278,061 |
| kr 500 | kr 695,152 |
| kr 1,000 | kr 1,390,304 |
| kr 2,000 | kr 2,780,609 |
| kr 5,000 | kr 6,951,522 |
| kr 10,000 | kr 13,903,043 |
| kr 20,000 | kr 27,806,086 |
| kr 50,000 | kr 69,515,216 |
| kr 100,000 | kr 139,030,432 |
| kr 500,000 | kr 695,152,161 |
| kr 1,000,000 | kr 1,390,304,322 |
| kr 10,000,000 | kr 13,903,043,224 |
| kr 100,000,000 | kr 139,030,432,245 |
1971 to any later year
Between 1971 and 2020, cumulative inflation in Iceland was 97,780.12%, so kr 1,000 in 1971 was worth kr 978,801 by 2020. From 1971 to 2026 it is 138,930.43%.
| Range | kr 1,000 in 1971 becomes | Cumulative inflation | Average per year |
|---|---|---|---|
| 1971 to 1980 | kr 16,056 | 1,505.55% | 36.13% |
| 1971 to 1990 | kr 294,758 | 29,375.76% | 34.89% |
| 1971 to 2000 | kr 403,774 | 40,277.38% | 22.99% |
| 1971 to 2010 | kr 737,731 | 73,673.10% | 18.45% |
| 1971 to 2020 | kr 978,801 | 97,780.12% | 15.09% |
| 1971 to 2024 | kr 1,274,489 | 127,348.88% | 14.44% |
| 1971 to 2025 | kr 1,326,626 | 132,562.63% | 14.24% |
| 1971 to 2026 | kr 1,390,304 | 138,930.43% | 14.06% |
Need Iceland offline, or any of 150+ other currencies?
Year by year, 1971 to 2026
How kr 1,000 from 1971 changed in value each year, alongside Iceland's annual inflation rate.
| Year | CPI index | Inflation | kr 1,000 then, in 2026 |
|---|---|---|---|
| 2026 | 159.92 | 4.80% | kr 1,000 |
| 2025 | 152.59 | 4.09% | kr 1,048 |
| 2024 | 146.59 | 5.86% | kr 1,091 |
| 2023 | 138.48 | 8.74% | kr 1,155 |
| 2022 | 127.36 | 8.31% | kr 1,256 |
| 2021 | 117.59 | 4.44% | kr 1,360 |
| 2020 | 112.58 | 2.85% | kr 1,420 |
| 2019 | 109.47 | 3.01% | kr 1,461 |
| 2018 | 106.26 | 2.68% | kr 1,505 |
| 2017 | 103.49 | 1.76% | kr 1,545 |
| 2016 | 101.70 | 1.70% | kr 1,572 |
| 2015 | 100.00 | 1.63% | kr 1,599 |
| 2014 | 98.39 | 2.04% | kr 1,625 |
| 2013 | 96.42 | 3.87% | kr 1,659 |
| 2012 | 92.83 | 5.19% | kr 1,723 |
| 2011 | 88.25 | 4.00% | kr 1,812 |
| 2010 | 84.86 | 5.40% | kr 1,885 |
| 2009 | 80.51 | 12.00% | kr 1,986 |
| 2008 | 71.88 | 12.69% | kr 2,225 |
| 2007 | 63.79 | 5.05% | kr 2,507 |
| 2006 | 60.72 | 6.69% | kr 2,634 |
| 2005 | 56.91 | 3.99% | kr 2,810 |
| 2004 | 54.73 | 3.16% | kr 2,922 |
| 2003 | 53.05 | 2.06% | kr 3,014 |
| 2002 | 51.99 | 5.20% | kr 3,076 |
| 2001 | 49.42 | 6.41% | kr 3,236 |
| 2000 | 46.44 | 5.14% | kr 3,443 |
| 1999 | 44.17 | 3.23% | kr 3,620 |
| 1998 | 42.79 | 1.66% | kr 3,737 |
| 1997 | 42.09 | 1.82% | kr 3,799 |
| 1996 | 41.34 | 2.26% | kr 3,868 |
| 1995 | 40.43 | 1.65% | kr 3,956 |
| 1994 | 39.77 | 1.55% | kr 4,021 |
| 1993 | 39.16 | 4.04% | kr 4,083 |
| 1992 | 37.64 | 3.95% | kr 4,248 |
| 1991 | 36.21 | 6.81% | kr 4,416 |
| 1990 | 33.90 | 15.51% | kr 4,717 |
| 1989 | 29.35 | 20.76% | kr 5,448 |
| 1988 | 24.31 | 25.73% | kr 6,579 |
| 1987 | 19.33 | 18.30% | kr 8,272 |
| 1986 | 16.34 | 22.13% | kr 9,786 |
| 1985 | 13.38 | 31.99% | kr 11,951 |
| 1984 | 10.14 | 30.85% | kr 15,775 |
| 1983 | 7.75 | 83.95% | kr 20,641 |
| 1982 | 4.21 | 50.24% | kr 37,970 |
| 1981 | 2.80 | 51.79% | kr 57,047 |
| 1980 | 1.85 | 58.53% | kr 86,594 |
| 1979 | 1.16 | 44.44% | kr 137,275 |
| 1978 | 0.81 | 43.75% | kr 198,287 |
| 1977 | 0.56 | 30.32% | kr 285,037 |
| 1976 | 0.43 | 31.95% | kr 371,451 |
| 1975 | 0.33 | 49.36% | kr 490,122 |
| 1974 | 0.22 | 42.52% | kr 732,052 |
| 1973 | 0.15 | 21.35% | kr 1,043,294 |
| 1972 | 0.13 | 9.81% | kr 1,266,085 |
| 1971 | 0.12 | — | kr 1,390,304 |
Questions about 1971
- How much is kr 1,000 in 1971 worth today?
- kr 1,000 in 1971 has the same purchasing power as kr 1,390,304 in 2026, the most recent year of Iceland CPI data. Prices rose 138,930.43% in total over those 55 years.
- How much is kr 100,000 from 1971 worth today?
- kr 100,000 in 1971 is worth kr 139,030,432 in 2026 money, after 138,930.43% cumulative inflation in Iceland.
- What was the inflation rate in Iceland in 1971?
- Inflation in Iceland was 6.73% in 1971, measured as the change in the annual average consumer price index from 1970.
- What is the average inflation rate since 1971?
- Iceland inflation has averaged 14.06% a year between 1971 and 2026. Compounded over 55 years that produces a total price increase of 138,930.43%.
Compare any year on your phone
The Inflation Calculator app covers 150+ currencies with the full Iceland series offline, saved calculations and charts.